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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (9) $ (102)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 85 81
Deferred income taxes 8 6
Stock based compensation expense 16 11
Other, net (3) (9)
Changes in operating accounts:    
Accounts receivable 221 45
Inventories (178) (27)
Accounts payable 38 26
Accrued liabilities and other (146) (108)
Net cash provided by (used in) operating activities 32 (77)
Cash flows from investing activities:    
Capital expenditures (59) (83)
Swap proceeds 8 14
Other investing activities, net 1 1
Net cash used in investing activities (50) (68)
Cash flows from financing activities:    
Proceeds from (payments on) short-term debt, net (131) 232
Proceeds from short-term debt with original maturities greater than 90 days 431 0
Payments on short-term debt with original maturities greater than 90 days (200) 0
Cash dividends (31) (97)
Equity compensation activity and other, net (9) (7)
Net cash provided by financing activities 60 128
Exchange rate effect on cash, cash equivalents and restricted cash (3) (1)
Increase (decrease) in cash, cash equivalents and restricted cash 39 (18)
Cash, cash equivalents and restricted cash at beginning of period 361 303
Cash, cash equivalents and restricted cash at end of period 400 285
Supplemental disclosures:    
Restricted cash at beginning of period 29 16
Restricted cash at end of period $ 28 $ 14