CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net income	$ 19	$ 355
Adjustments to reconcile to net cash provided by (used in) operating activities
Depreciation and amortization	563	604
Deferred income taxes	(27)	(178)
Gain (Loss) on Disposition of Assets	2	2
Losses on business divestitures	19	0
Stock-based compensation	32	25
Pension contributions	(18)	(17)
Impairment of long-lived assets	0	120
Inventory write-down	44	0
Changes in assets and liabilities, net of acquisitions:
Trade receivables	(70)	(363)
Inventories	333	(573)
Accounts payable	(92)	143
Accruals for incentive compensation	(77)	(62)
Other current payables and accrued expenses	(248)	(67)
Other assets/liabilities, net	(101)	(36)
Net cash provided by (used in) operating activities	375	(51)
Cash flows from investing activities:
Cash paid for acquisitions, net of cash received	0	(123)
Additions to property, plant and equipment	(290)	(236)
Additions to intangible assets	0	(2)
Proceeds from disposal of assets	21	4
Cash provided by the Merger with N&B	0	11
Net cash provided by (used in) investing activities	552	(346)
Cash flows from financing activities:
Cash dividends paid to shareholders	(413)	(402)
(Decrease) increase in revolving credit facility and short-term borrowings	(100)	351
Proceeds from issuance of commercial paper (maturities after three months)	0	160
Repayments of commercial paper (maturities after three months)	0	(230)
Net (repayments) borrowings of commercial paper (maturities less than three months)	(28)	532
Deferred financing costs	(2)	0
Repayments of long-term debt	(300)	0
Deferred consideration paid	(6)	0
Employee withholding taxes paid	(11)	(20)
Proceeds from (Payments for) Other Financing Activities	(6)	(14)
Net cash (used in) provided by financing activities	(866)	377
Effect of exchange rate changes on cash, cash equivalents and restricted cash	39	(74)
Net change in cash, cash equivalents and restricted cash	100	(94)
Cash, cash equivalents and restricted cash at beginning of year	552	716
Cash, cash equivalents and restricted cash at end of period	652	622
Supplemental Disclosures:
Interest paid, net of amounts capitalized	191	143
Income taxes paid	404	227
Accrued capital expenditures	57	71
Net proceeds received from business divestitures	$ 821	$ 0