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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities      
Net (loss) income $ (455) $ 192 $ 1,361
Income from discontinued operations, net of tax 0 0 (710)
(Loss) income from continuing operations (455) 192 651
Adjustments required to reconcile Net (loss) income to Cash flows from operating activities      
Depreciation and amortization 327 368 430
Provisions 46 147 73
Deferred tax (benefit) expense (89) 34 124
Net gain on sales of businesses and assets (40) (30) (21)
Goodwill impairment 781 0 0
Stock-based compensation 54 42 50
Restructuring and asset impairment charges 27 87 127
Payments for restructurings (72) (81) (93)
Defined benefit pension cost (10) 58 109
Contributions to defined benefit pension plans (135) (139) (141)
Decrease in accounts receivable and billed portion of finance receivables 41 369 10
Decrease (increase) in inventories 88 (134) 109
Increase in equipment on operating leases (129) (118) (153)
Decrease in finance receivables 20 183 101
Decrease (increase) in other current and long-term assets 68 8 (14)
Increase (decrease) in accounts payable 118 (123) (47)
Decrease in accrued compensation (95) (189) (94)
Increase (decrease) in other current and long-term liabilities 89 (165) 40
Net change in income tax assets and liabilities 10 (2) (34)
Net change in derivative assets and liabilities 2 1 11
Other operating, net (17) 40 6
Net cash provided by operating activities of continuing operations 629 548 1,244
Net cash provided by operating activities of discontinued operations 0 0 89
Net cash provided by operating activities 629 548 1,333
Cash Flows from Investing Activities      
Cost of additions to land, buildings, equipment and software (68) (74) (65)
Proceeds from sales of businesses and assets 44 30 21
Acquisitions, net of cash acquired (53) (203) (42)
Other investing, net (8) 1 1
Net cash used in investing activities of continuing operations (85) (246) (85)
Net cash provided by investing activities of discontinued operations 0 0 2,233
Net cash (used in) provided by investing activities (85) (246) 2,148
Cash Flows from Financing Activities      
Proceeds from issuance of long-term debt 311 2,359 10
Payments on long-term debt (519) (2,226) (960)
Dividends (206) (230) (243)
Payments to acquire treasury stock, including fees (888) (300) (600)
Other financing, net (8) (19) (41)
Net cash used in financing activities (1,310) (416) (1,834)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (16) 10 0
(Decrease) increase in cash, cash equivalents and restricted cash (782) (104) 1,647
Cash, cash equivalents and restricted cash at beginning of year 2,691 2,795 1,148
Cash, cash equivalents and restricted cash at end of year $ 1,909 $ 2,691 $ 2,795