v3.24.1.u1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net income $ 39 $ 61
Adjustment to reconcile net income to cash provided by (used for) operating activities:    
Depreciation and amortization 68 70
Amortization of deferred financing costs and original issue discount 2 2
Debt extinguishment and refinancing-related costs 3 2
Deferred income taxes 6 2
Realized and unrealized foreign exchange losses, net 9 5
Stock-based compensation 6 6
Impairment charges 0 7
Interest income on swaps designated as net investment hedges (3) (6)
Other non-cash, net 2 3
Changes in operating assets and liabilities:    
Trade accounts and notes receivable 4 (92)
Inventories (20) 39
Prepaid expenses and other assets (40) (30)
Accounts payable 11 (22)
Other accrued liabilities (75) (96)
Other liabilities 22 (3)
Cash provided by (used for) operating activities 34 (52)
Investing activities:    
Purchase of property, plant and equipment (22) (42)
Interest proceeds on swaps designated as net investment hedges 3 6
Settlement proceeds on swaps designated as net investment hedges 0 29
Other investing activities, net 0 1
Cash used for investing activities (19) (6)
Financing activities:    
Proceeds from short-term borrowings 0 9
Proceeds from long-term borrowings 107 0
Payments on short-term borrowings (5) (14)
Payments on long-term borrowings (183) (76)
Financing-related costs (2) (6)
Net cash flows associated with stock-based awards 1 5
Deferred acquisition-related consideration 0 (7)
Other financing activities, net 0 1
Cash used for financing activities (82) (88)
Decrease in cash (67) (146)
Effect of exchange rate changes on cash (9) 6
Cash at beginning of period 703 655
Cash at end of period 627 515
Cash at end of period reconciliation:    
Cash and cash equivalents 624 512
Restricted cash 3 3
Cash at end of period $ 627 $ 515

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