v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income $ 58 $ 22
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and Amortization expense 141 144
Stock-based compensation expense 17 19
Deferred income taxes 3 (12)
(Gain) loss on divestiture and disposal of assets, net (27) 4
Bargain purchase gain from acquisition 0 (5)
Loss (earnings) from equity investments 1 0
Changes in assets and liabilities:    
Receivables (64) (11)
Inventories (107) (49)
Current payables and accrued expenses 1 100
Contract liabilities 69 (20)
Employee benefit plans (14) (20)
Settlement assets and liabilities, net 95 9
Other assets and liabilities (73) (24)
Net cash provided by operating activities 100 157
Investing activities    
Capital expenditures (50) (47)
Additions to capitalized software (26) (15)
Purchase of intellectual property 0 (8)
Proceeds from sale of property, plant and equipment 24 0
Proceeds from divestiture 11 0
Sale (purchase) of investments, net 4 0
Other investing activities, net 0 (1)
Net cash used in investing activities (37) (71)
Financing activities    
Payments on term credit facilities (59) (36)
Borrowings on revolving credit facilities 440 533
Payments on revolving credit facilities (425) (512)
Proceeds from employee stock plans 7 1
Tax withholding payments on behalf of employees (8) (13)
Payments on acquisition holdback (16) 0
Principal payments for finance lease obligations (2) (1)
Other Financing activities (3) (2)
Net cash used in financing activities (66) (30)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 12 (12)
Increase in cash, cash equivalents, and restricted cash 9 44
Cash, cash equivalents, and restricted cash at beginning of period 641 586
Cash, cash equivalents, and restricted cash at end of period $ 650 $ 630

Source

10-Q XBRL Zip