| Unaudited Consolidated Statements of Cash Flows | ||||||||||||||||
| Three Months Ended | Year Ended | |||||||||||||||
| (in millions USD) |
December 31,
2023 |
December 31,
2022 |
December 31,
2023 |
December 31,
2022 | ||||||||||||
| Cash flows from operating activities: | ||||||||||||||||
| Net income | $ | 278 | $ | 668 | $ | 1,018 | $ | 1,446 | ||||||||
| Depreciation and amortization | 402 | 409 | 1,451 | 1,623 | ||||||||||||
| Gain on the sale of a business(1) | — | (403 | ) | — | (403 | ) | ||||||||||
| Finance (income) expense, net and other(2) | (21 | ) | (3 | ) | (21 | ) | 1 | |||||||||
| Deferred income taxes | 8 | 30 | 50 | 82 | ||||||||||||
| Other non-cash operating activities | 41 | 16 | 134 | 50 | ||||||||||||
| Net change in working capital | (24 | ) | (226 | ) | (507 | ) | (175 | ) | ||||||||
| Net cash provided by operating activities | $ | 684 | $ | 491 | $ | 2,125 | $ | 2,624 | ||||||||
| Cash flows from investing activities: | ||||||||||||||||
| Purchases of property, plant, equipment, and intangible assets | $ | (228 | ) | $ | (991 | ) | $ | (1,804 | ) | $ | (3,059 | ) | ||||
| Other investing activities | 133 | (60 | ) | (78 | ) | (999 | ) | |||||||||
| Net cash used in investing activities | $ | (95 | ) | $ | (1,051 | ) | $ | (1,882 | ) | $ | (4,058 | ) | ||||
| Cash flows from financing activities: | ||||||||||||||||
| Proceeds from issuance of equity instruments and other | $ | 1 | $ | 12 | $ | 47 | $ | 168 | ||||||||
| Proceeds (repayment) of debt, net | (88 | ) | 255 | (259 | ) | 581 | ||||||||||
| Other financing activities | — | 93 | — | 93 | ||||||||||||
| Net cash (used in) provided by financing activities | $ | (87 | ) | $ | 360 | $ | (212 | ) | $ | 842 | ||||||
| Effect of exchange rate changes | 5 | 11 | 4 | 5 | ||||||||||||
| Net change in cash and cash equivalents | $ | 507 | $ | (189 | ) | $ | 35 | $ | (587 | ) | ||||||
| Cash and cash equivalents at the beginning of the period | 1,880 | 2,541 | 2,352 | 2,939 | ||||||||||||
| Cash and cash equivalents at the end of the period | $ | 2,387 | $ | 2,352 | $ | 2,387 | $ | 2,352 | ||||||||
| (1) Includes the gain on sale of our East Fishkill business in December 2022. | ||||||||||||||||
| (2 ) Finance (income) expense, net and other has been adjusted to include interest and taxes paid that were previously included in "Other non-cash operating activities." Prior period amounts have been adjusted accordingly. | ||||||||||||||||
