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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash provided by operating activities      
Net income $ 424 $ 454 $ 532
Non-cash charges to net income:      
Depreciation and amortization 220 247 209
Mechanical stores expense 57 57 57
Deferred income taxes 3 (23) 67
Charge for fair value markup of acquired inventory     9
Other 33 39 39
Changes in working capital:      
Accounts receivable and prepaid expenses (61) (70) (44)
Inventories (43) (50) (34)
Accounts payable and accrued liabilities 51 (3) (49)
Margin accounts (1) 5 6
Other (3) 47 (23)
Cash provided by operating activities 680 703 769
Cash used for investing activities      
Capital expenditures and mechanical stores purchases (328) (350) (314)
Payments for acquisitions, net of cash acquired of $4, $ - , and $ - , respectively (42)   (17)
Investment in non-consolidated affiliates (10) (15)  
Short-term investments 3 1 (3)
Proceeds from disposal of plants and properties 2 1 8
Other 1 2  
Cash used for investing activities (374) (361) (326)
Cash used for financing activities      
Proceeds from borrowings 1,209 987 1,144
Payments on debt (1,465) (738) (1,240)
Repurchases of common stock, net 63 (657) (123)
Issuances of common stock for share-based compensation, net of settlements 3 1 9
Dividends paid, including to non-controlling interests (174) (182) (165)
Cash used for financing activities (364) (589) (375)
Effects of foreign exchange rate changes on cash (5) (21) 15
(Decrease) increase in cash and cash equivalents (63) (268) 83
Cash and cash equivalents, beginning of period 327 595  
Cash and cash equivalents, end of period $ 264 $ 327 $ 595