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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net income (loss) $ 87 $ (826)
Adjustments to reconcile net income (loss) to cash (used) provided by operating activities:    
Goodwill and intangible impairment charges 0 383
Depreciation and amortization 155 171
Deferred income taxes (4) (166)
Stock-based compensation 5 2
Restructuring charges and asset impairments, net of cash paid 0 454
Change in pension and other postretirement benefit plans (1) (19)
Equity in earnings of nonconsolidated affiliates (22) (13)
Cash dividends received from nonconsolidated affiliates 57 13
Loss (gain) on sale of assets and other (9) 0
Changes in operating assets and liabilities:    
Receivables (452) 139
Inventories (120) (73)
Payables and accrued expenses 240 (136)
Accrued interest and accrued income taxes 8 29
Other assets and liabilities 6 (110)
Net cash (used) provided by operating activities (50) (152)
Investing Activities    
Proceeds from sale of assets 7 2
Net proceeds from sale of business 1 0
Cash payments for property, plant, and equipment (95) (137)
Proceeds from deferred purchase price of factored receivables 115 56
Other 0 2
Net cash (used) provided by investing activities 28 (77)
Financing Activities    
Proceeds from term loans and notes 813 67
Repayments of term loans and notes (862) (84)
Debt issuance costs of long-term debt (11) (8)
Borrowings on revolving lines of credit 1,382 3,161
Payments on revolving lines of credit (1,394) (2,659)
Issuance (repurchase) of common shares (2) (1)
Net increase (decrease) in bank overdrafts 0 (2)
Distributions to noncontrolling interest partners (7) (2)
Other (49) 11
Net cash (used) provided by financing activities (130) 483
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash (20) (50)
Increase (decrease) in cash, cash equivalents, and restricted cash (172) 204
Cash, cash equivalents, and restricted cash, beginning of period 803 566
Cash, cash equivalents, and restricted cash, end of period 631 770
Supplemental Cash Flow Information    
Cash paid during the period for interest 65 67
Cash paid during the period for income taxes, net of refunds 46 41
Lease assets obtained in exchange for new operating lease liabilities 15 51
Non-cash Investing Activities    
Period end balance of accounts payable for property, plant, and equipment 91 96
Deferred purchase price of receivables factored in the period 135 60
Reduction in assets from redeemable noncontrolling interest transaction with owner $ 0 $ 53