v3.25.0.1
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
 9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
OPERATING ACTIVITIES    
Net income $ 389 $ 434
Adjustments to determine net cash provided by operating activities:    
Depreciation and amortization 423 406
Gain on unrealized derivatives and other realized derivatives in investing activities, net (17) (34)
Loss on sale or disposal of assets, net 2 4
Restructuring and impairment expenses, net 34 24
Loss on extinguishment of debt, net 0 5
Deferred income taxes, net (26) 12
Equity in net loss (income) of non-consolidated affiliates (2) (1)
(Gain) loss on foreign exchange remeasurement of debt (12) 14
Amortization of debt issuance costs and carrying value adjustments 10 8
Non-cash charges related to Sierre flooding 42 0
Other, net 4 3
Changes in assets and liabilities including assets and liabilities held for sale:    
Accounts receivable (221) (183)
Inventories (486) 61
Accounts payable 245 (355)
Other assets (66) 43
Other liabilities (56) (21)
Net cash provided by operating activities 263 420
INVESTING ACTIVITIES    
Capital expenditures (1,175) (960)
Proceeds from the sale of a business 0 2
(Outflows) proceeds from investment in and advances to non-consolidated affiliates, net (9) 3
(Outflows) proceeds from the settlement of derivative instruments, net (4) 9
Other 10 11
Net cash used in investing activities (1,178) (935)
FINANCING ACTIVITIES    
Proceeds from issuance of long-term and short-term borrowings 268 699
Principal payments of long-term and short-term borrowings (123) (604)
Revolving credit facilities and other, net 262 (281)
Debt issuance costs (3) (3)
Net cash provided by (used in) financing activities 404 (189)
Net decrease in cash, cash equivalents and restricted cash (511) (704)
Effect of exchange rate changes on cash (15) (6)
Cash, cash equivalents and restricted cash – beginning of period 1,322 1,511
Cash, cash equivalents and restricted cash – end of period 796 801
Supplemental Disclosures:    
Accrued capital expenditures 303 176
Leased assets obtained in exchange for new operating lease liabilities $ 14 $ 7

Source

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