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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net income (loss) $ (60) $ 137
Adjustments to reconcile net income (loss) to cash provided (used) by operating activities:    
Goodwill impairment charge 60 0
Depreciation and amortization 338 120
Deferred income taxes (14) (9)
Stock-based compensation 13 7
Restructuring charges and asset impairments, net of cash paid 14 10
Change in pension and other postretirement benefit plans (32) 2
Equity in earnings of nonconsolidated affiliates (33) 0
Cash dividends received from nonconsolidated affiliates 27 0
Loss (gain) on sale of assets (1) 0
Changes in operating assets and liabilities:    
Receivables (401) (233)
Inventories 101 (51)
Payables and accrued expenses 48 206
Accrued interest and accrued income taxes (66) (2)
Other assets and liabilities (94) (109)
Net cash provided (used) by operating activities (100) 78
Investing Activities    
Proceeds from sale of assets 5 5
Net proceeds from sale of business 22 0
Cash payments for property, plant, and equipment (379) (174)
Acquisition of business, net of cash acquired (158) 0
Proceeds from deferred purchase price of factored receivables 147 66
Other (1) 2
Net cash used by investing activities (364) (101)
Financing Activities    
Proceeds from term loans and notes 111 9
Repayments of term loans and notes (190) (28)
Borrowings on revolving lines of credit 4,525 2,669
Payments on revolving lines of credit (4,254) (2,614)
Issuance (repurchase) of common shares (2) (1)
Cash dividends (20) (25)
Net increase (decrease) in bank overdrafts (8) (7)
Other (1) (22)
Distributions to noncontrolling interest partners (20) (28)
Net cash (used) provided by financing activities 141 (47)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 11 (11)
Decrease in cash, cash equivalents and restricted cash (312) (81)
Cash, cash equivalents and restricted cash, beginning of period 702 318
Cash, cash equivalents and restricted cash, end of period 390 237
Supplemental Cash Flow Information    
Cash paid during the period for interest 145 40
Cash paid during the period for income taxes, net of refunds 100 56
Non-cash Investing Activities    
Period end balance of accounts payable for property, plant, and equipment 116 54
Deferred purchase price of receivables factored in the period $ 52 $ 71