Operating
Dow·Cash Flow Statement·20 metrics
Breakdown
| Metric | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | $836M | $800M | $814M | $91M | -$470M | $1.1B | $284M | $1.1B |
| Depreciation and amortization | $682M | $741M | $751M | $714M | $724M | $688M | $708M | $719M |
| Other working capital changes | $563M | — | $557M | $126M | $246M | — | $189M | -$596M |
| Change in accounts payable | $146M | $57M | — | $38M | -$50M | -$480M | -$507M | $551M |
| Change in receivables | — | $333M | — | $301M | $634M | -$535M | -$473M | $531M |
| Increase (Decrease) in Accounts and Notes Receivable | — | $333M | — | $301M | $634M | -$535M | -$473M | $531M |
| Distributions from equity method investments | -$81M | -$65M | -$127M | -$133M | -$87M | -$92M | -$127M | -$502M |
| Income Loss From Equity Method Investments Net Of Dividends Or Distributions | -$81M | -$65M | -$127M | -$133M | -$87M | -$92M | -$127M | -$502M |
| Net income | $458M | $240M | $32M | -$290M | -$801M | $124M | -$1.4B | -$445M |
| Change in inventories | $86M | $293M | — | $221M | — | — | — | $180M |
| Deferred income taxes | $21M | -$162M | $269M | -$177M | — | -$48M | -$162M | -$48M |
| Payment for Pension and Other Postretirement Benefits | $29M | $29M | $29M | $31M | $45M | $69M | $64M | $41M |
| Pension contributions | $29M | $29M | $29M | $31M | $45M | $69M | $64M | $41M |
| Impairment charges | $0 | $24M | $34M | $208M | $591M | $23M | $1B | $27M |
| Restructuring charges, net of cash paid (Note 15) | $0 | $24M | $34M | $208M | $591M | $23M | $1B | $27M |
| Other Noncash Income (Expense) | -$63M | -$177M | — | -$185M | — | -$30M | -$306M | $14M |
| Pension and postretirement benefit expense | -$47M | -$48M | -$67M | -$26M | -$24M | -$23M | -$22M | -$8M |
| Gain (loss) on sale of assets | $9M | $38M | $7M | $2M | $100M | $109M | $9M | $4M |
| Gain (Loss) on Disposition of Assets | $9M | $38M | $7M | $2M | $100M | $109M | $9M | $4M |
| Net cash provided by operating activities from discontinued operations | $4M | $0 | $3M | -$13M | $0 | -$3M | -$14M | $0 |