v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net income $ 91 $ 99
Adjustment to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 76 70
Amortization of deferred financing costs and original issue discount 2 2
Deferred income taxes 11 8
Realized and unrealized foreign exchange (gains) losses, net (4) 8
Stock-based compensation 7 5
Interest income on swaps designated as net investment hedges (3) (3)
Other non-cash, net 2 (1)
Changes in operating assets and liabilities:    
Trade accounts and notes receivable (32) (18)
Inventories (20) (37)
Prepaid expenses and other assets (27) (59)
Accounts payable 90 66
Other accrued liabilities (96) (106)
Other liabilities (29) (8)
Cash provided by operating activities 68 26
Investing activities:    
Acquisitions, net of cash acquired (8) (6)
Purchase of property, plant and equipment (50) (43)
Interest proceeds on swaps designated as net investment hedges 3 3
Proceeds received on loans to customers 4 1
Other investing activities, net (2) 1
Cash used for investing activities (53) (44)
Financing activities:    
Payments on long-term borrowings (55) (5)
Net cash flows associated with stock-based awards (6) (2)
Other financing activities, net 0 (1)
Cash used for financing activities (61) (8)
Decrease in cash (46) (26)
Effect of exchange rate changes on cash (3) 8
Cash at beginning of period 660 596
Cash at end of period 611 578
Cash at end of period reconciliation:    
Cash and cash equivalents 608 575
Restricted cash 3 3
Cash at end of period $ 611 $ 578

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