| Dec 31, 2022 | Dec 31, 2023 |
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Net income | 228 | 211 |
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Depreciation, amortization and other impairment charges | 66 | 75 |
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Loss (gain) on sale of property, plant and equipment | -0 | - |
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Stock-based compensation expense | 13 | 16 |
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Pension settlement gain | 9 | - |
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Deferred income tax | -20 | -25 |
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Stock-based compensation expense | 13 | 16 |
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Non-cash interest expense | 2 | 1 |
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Deferred income tax | -20 | -25 |
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Pension settlement gain | 9 | - |
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Non-cash interest expense | 2 | 1 |
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Trade receivables, net | 8 | 6 |
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Inventories, net | 10 | -18 |
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Accounts payable | -29 | -20 |
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Other operating assets and liabilities | 18 | -60 |
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Trade receivables, net | 8 | 6 |
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Inventories, net | 10 | -18 |
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Accounts payable | -29 | -20 |
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Other operating assets and liabilities | 18 | -60 |
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Net cash provided by operating activities | 214 | 330 |
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Purchases of property, plant and equipment | 40 | 48 |
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Proceeds from sale of property, plant and equipment | 5 | 5 |
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Acquisitions, net of cash received | 149 | 19 |
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Net cash used in investing activities | -184 | -62 |
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Proceeds from Issuance of Other Long-Term Debt | 1,000 | 574 |
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Proceeds from Long-Term Lines of Credit | 806 | - |
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Repayments of borrowings on term credit facility | - | 13 |
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Repayments of borrowings on revolving credit facility and other | 585 | 763 |
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Proceeds from Issuance of Other Long-Term Debt | 1,000 | 574 |
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Payment of deferred financing fees and other | 5 | 1 |
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Repayments of borrowings on revolving credit facility and other | 585 | 763 |
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Payment of deferred consideration | 2 | - |
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Payment of deferred financing fees and other | 5 | 1 |
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Payment of dividends | 6 | 13 |
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Payment of deferred consideration | 2 | - |
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Distributions to noncontrolling interest holders | 3 | 4 |
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Payment of dividends | 6 | 13 |
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Consideration to Former Parent in connection with the Separation | 1,200 | - |
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Transfers from (to) Former Parent, net | -3 | - |
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Distributions to noncontrolling interest holders | 3 | 4 |
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Net cash provided by (used in) financing activities | 8 | -220 |
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Transfers from (to) Former Parent, net | -3 | - |
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Net cash provided by (used in) financing activities | 8 | -220 |
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Effect of foreign exchange rates on Cash and cash equivalents | -7 | -19 |
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Increase (decrease) in Cash and cash equivalents | 31 | 30 |
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Interest payments, net | 35 | 79 |
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Income Taxes Paid, Net | 86 | 133 |
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