v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net income $ 319 $ 254
Adjustment to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 218 207
Amortization of deferred financing costs and original issue discount 6 6
Debt extinguishment and refinancing-related costs 0 3
Deferred income taxes 28 10
Realized and unrealized foreign exchange losses, net 31 12
Stock-based compensation 19 21
Interest income on swaps designated as net investment hedges (9) (10)
Other non-cash, net 8 5
Changes in operating assets and liabilities:    
Trade accounts and notes receivable (48) (16)
Inventories (53) (54)
Prepaid expenses and other assets (132) (106)
Accounts payable (15) (18)
Other accrued liabilities (71) (2)
Other liabilities 4 30
Cash provided by operating activities 305 342
Investing activities:    
Acquisition, net of cash acquired (6) (290)
Purchase of property, plant and equipment (138) (78)
Interest proceeds on swaps designated as net investment hedges 9 10
Payments for loans to customers (3) (21)
Other investing activities, net 16 5
Cash used for investing activities (122) (374)
Financing activities:    
Proceeds from long-term borrowings 0 292
Payments on short-term borrowings 0 (5)
Payments on long-term borrowings (25) (273)
Financing-related costs 0 (5)
Purchases of common stock (165) (100)
Net cash flows associated with stock-based awards (3)  
Net cash flows associated with stock-based awards   1
Other financing activities, net (2) 0
Cash used for financing activities (195) (90)
Decrease in cash (12) (122)
Effect of exchange rate changes on cash 26 (10)
Cash at beginning of period 596 703
Cash at end of period 610 571
Cash at end of period reconciliation:    
Cash and cash equivalents 606 567
Restricted cash 4 4
Cash at end of period $ 610 $ 571

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