v3.26.1
CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 95 $ 62
Adjustments to reconcile net income to net cash provided by operating activities    
Deferred income taxes 5 6
Depreciation 25 22
Amortization of deferred issuance costs 1 2
Foreign exchange loss (gain) 13 (19)
Stock compensation expense 7 6
Unrealized (gain) loss on derivatives (11) 35
Other 2 2
Changes in assets and liabilities:    
Accounts, notes and other receivables (112) (56)
Inventories 17 25
Other assets (7) (3)
Accounts payable 48 (34)
Accrued liabilities 19 (3)
Other liabilities (4) 11
Net cash provided by operating activities 98 56
Cash flows from investing activities:    
Expenditures for property, plant and equipment (29) (26)
Proceeds from cross-currency swap contracts 3 4
Net cash used for investing activities (26) (22)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt, net of debt financing costs 0 68
Bank overdrafts 0 17
Payments of long-term debt (2) (71)
Repurchases of Common Stock (87) (30)
Dividend payments (16) (12)
Payments for debt and revolving facility financing costs 0 (1)
Other 0 (2)
Net cash used for financing activities (105) (31)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (2) 2
Net (decrease) increase in cash, cash equivalents and restricted cash (35) 5
Cash, cash equivalents and restricted cash at beginning of the period 179 126
Cash, cash equivalents and restricted cash at end of the period $ 144 $ 131