|
Condensed Consolidated Statements of Cash Flows
(Unaudited, in millions) | |||||||
| Three Months Ended | |||||||
| September 30, 2024 | September 30, 2023 | ||||||
| Operating Activities: | |||||||
| Net income | $ | 178 | $ | 249 | |||
| Depreciation and amortization | 396 | 366 | |||||
| Finance (income) expense, net and other | 12 | 7 | |||||
| Deferred income taxes | 37 | (4 | ) | ||||
| Other non-cash operating activities | 15 | 16 | |||||
| Net change in working capital | (263 | ) | (218 | ) | |||
| Net cash provided by operating activities | $ | 375 | $ | 416 | |||
| Investing Activities: | |||||||
| Purchases of property, plant equipment, and intangible assets | $ | (162 | ) | $ | (323 | ) | |
| Acquisitions, net of cash acquired | (69 | ) | — | ||||
| Other investing activities | (32 | ) | 10 | ||||
| Net cash used in investing activities | $ | (263 | ) | $ | (313 | ) | |
| Financing Activities: | |||||||
| Proceeds (repayment) of debt, net | $ | (10 | ) | $ | (54 | ) | |
| Other financing activities | (2 | ) | 1 | ||||
| Net cash used in financing activities | $ | (12 | ) | $ | (53 | ) | |
| Effect of exchange rate changes | 2 | (2 | ) | ||||
| Net change in cash and cash equivalents | $ | 102 | $ | 48 | |||
| Cash and cash equivalents at the beginning of the period | 2,184 | 1,832 | |||||
| Cash and cash equivalents at the end of the period | $ | 2,286 | $ | 1,880 | |||
