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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash (used for) provided by operating activities    
Net income (loss) $ 278 $ (62)
Non-cash charges to net income (loss):    
Depreciation and amortization 107 103
Mechanical stores expense 27 27
Impairment charge for assets held for sale   360
Deferred income taxes (2) (21)
Other non-cash charges 25 (5)
Changes in working capital:    
Accounts receivable and prepaid expenses (210) (118)
Inventories (256) (165)
Accounts payable and accrued liabilities 12 62
Margin accounts (5) (20)
Other 20 (32)
Cash (used for) provided by operating activities (4) 129
Cash used for investing activities    
Capital expenditures and mechanical stores purchases (144) (117)
Payments for acquisitions, net of cash acquired   (40)
Proceeds from disposal of manufacturing facilities and properties 7 15
Other 1 (15)
Cash used for investing activities (136) (157)
Cash provided by (used for) financing activities    
Proceeds from borrowings 227 430
Payments on debt (189) (416)
Commercial paper borrowings, net 308  
Repurchases of common stock, net (83) (24)
Purchases of non-controlling interests (27)  
(Settlements) issuances of common stock for share-based compensation, net (1) 9
Dividends paid, including to non-controlling interests (90) (93)
Cash provided by (used for) financing activities 145 (94)
Effects of foreign exchange rate changes on cash (15) (1)
Decrease in cash and cash equivalents (10) (123)
Cash and cash equivalents, beginning of period 328 665
Cash and cash equivalents, end of period $ 318 $ 542