v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities:    
Net income $ 99 $ 39
Adjustment to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 70 68
Amortization of deferred financing costs and original issue discount 2 2
Debt extinguishment and refinancing-related costs 0 3
Deferred income taxes 8 6
Realized and unrealized foreign exchange losses, net 8 9
Stock-based compensation 5 6
Interest income on swaps designated as net investment hedges (3) (3)
Other non-cash, net (1) 2
Changes in operating assets and liabilities:    
Trade accounts and notes receivable (18) 4
Inventories (37) (20)
Prepaid expenses and other assets (59) (40)
Accounts payable 66 11
Other accrued liabilities (106) (75)
Other liabilities (8) 22
Cash provided by operating activities 26 34
Investing activities:    
Acquisition, net of cash acquired (6) 0
Purchase of property, plant and equipment (43) (22)
Interest proceeds on swaps designated as net investment hedges 3 3
Other investing activities, net 2 0
Cash used for investing activities (44) (19)
Financing activities:    
Proceeds from long-term borrowings 0 107
Payments on short-term borrowings 0 (5)
Payments on long-term borrowings (5) (183)
Financing-related costs 0 (2)
Net cash flows associated with stock-based awards (2)  
Net cash flows associated with stock-based awards   1
Other financing activities, net (1) 0
Cash used for financing activities (8) (82)
Decrease in cash (26) (67)
Effect of exchange rate changes on cash 8 (9)
Cash at beginning of period 596 703
Cash at end of period 578 627
Cash at end of period reconciliation:    
Cash and cash equivalents 575 624
Restricted cash 3 3
Cash at end of period $ 578 $ 627

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