The company expects 2025 cash provided by operating activities, less capital expenditures and distributions to noncontrolling interest holders, of $5.4B-$5.6B, compared to prior expectation of ~$5.9B. The company expects adjusted free cash flow, excluding certain items, of $5.6B-$5.8B, compared to prior guidance of ~$6B. Lower cash flow expectations compared to previous guidance are a result of changes in the assumptions for the timing of cash taxes, net income, and working capital.
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