MLM: the cash flow

MyFinsight

Cash Flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Consolidated net earnings	1,513	279	414	328
Depreciation, depletion and amortization	167	157	159	167
Stock-based compensation expense	31	4	5	6
(gain) loss on divestitures and sales of assets	1,965	1	14	19
Deferred income taxes, net	277	-6	66	6
Noncash asset and portfolio rationalization charge	NaN	NaN	0	1
Asset and portfolio rationalization charges	NaN	21	NaN	NaN
Other items, net	-3	1	1	5
Accounts receivable, net	57	-258	83	160
Inventories, net	22	40	-52	-15
Accounts payable	35	-43	16	24
Other assets and liabilities, net	-245	-1	68	-22
Net cash provided by operating activities	227	629	551	387
Additions to property, plant and equipment	186	205	190	179
Acquisitions, net of cash acquired	-20	108	577	0
Proceeds from divestitures and sales of assets	452	9	11	16
Proceeds from sale of restricted investments to discharge long term debt	NaN	0	NaN	NaN
Investments in limited liability company	0	74	10	24
Other investing activities, net	-7	-3	-5	3
Net cash provided by (used for) investing activities	293	-375	-761	-190
Proceeds from borrowings	175	130	510	NaN
Repayments of debt	205	330	405	NaN
Payments on finance lease obligations	6	6	5	7
Dividends paid	51	50	50	48
Repurchases of common stock	200	0	0	0
Shares withheld for employees' income tax obligations	26	2	0	8
Other financing activities, net	-1	1	-6	1
Net cash used for financing activities	-314	-257	44	-62
Net increase (decrease) in cash and cash equivalents	206	-3	-166	135
Cash and cash equivalents, beginning of period	67	70	236	101
Cash and cash equivalents, end of period	273	67	70	236

Unit: Million (M) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.