XML 49 R9.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash from operating activities      
Net income $ 651 $ 502 $ 125
Non-cash charges to net income:      
Depreciation and amortization 219 215 220
Mechanical stores expense 62 55 55
Impairment on disposition of assets 0 0 340
Deferred income taxes (6) (3) (61)
Other non-cash charges 69 57 8
Changes in working capital:      
Accounts receivable and prepaid expenses 77 (310) (162)
Inventories 69 (468) (312)
Accounts payable and accrued liabilities (79) 158 226
Margin accounts 10 (44) (32)
Other (15) (10) (15)
Cash provided by operating activities 1,057 152 392
Cash from investing activities      
Capital expenditures and mechanical stores purchases (316) (300) (300)
Proceeds from disposal of manufacturing facilities and properties 2 7 18
Payments for acquisitions, net of cash acquired 0 (29) (40)
Other (15) 2 (13)
Cash used for investing activities (329) (320) (335)
Cash from financing activities      
Proceeds from borrowings 720 825 1,300
Payments on debt (949) (532) (1,690)
Commercial paper (repayments) borrowings, net (63) 140 250
Repurchases of common stock, net (101) (112) (68)
Issuances of common stock for share-based compensation, net 20 9 19
Purchases of non-controlling interests (2) (46) 0
Dividends paid, including to non-controlling interests (194) (181) (184)
Cash (used for) provided by financing activities (569) 103 (373)
Effects of foreign exchange rate changes on cash 6 (27) (21)
Increase (decrease) in cash and cash equivalents 165 (92) (337)
Cash and cash equivalents, beginning of period 236 328 665
Cash and cash equivalents, end of period $ 401 $ 236 $ 328