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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net (Loss) Income $ (57) $ 39
Adjustments required to reconcile Net (loss) income to Cash flows from operating activities    
Depreciation and amortization 72 86
Provisions 19 20
Stock-based compensation 15 16
Restructuring and asset impairment charges 20 21
Payments for restructurings (7) (27)
Non-service retirement-related costs [1] (7) (20)
Contributions to retirement plans [1] (38) (41)
Decrease in accounts receivable and billed portion of finance receivables 13 92
Increase in inventories (31) (18)
Increase in equipment on operating leases (36) (28)
Decrease in finance receivables 41 37
(Increase) decrease in other current and long-term assets (1) 18
Increase (decrease) in accounts payable 111 (31)
Increase (decrease) in accrued compensation [1] 22 (10)
Decrease in other current and long-term liabilities (43) (35)
Net change in income tax assets and liabilities (39) 6
Net change in derivative assets and liabilities 7 3
Other operating, net 5 (11)
Net cash provided by operating activities 66 117
Cash Flows from Investing Activities    
Cost of additions to land, buildings, equipment and software (16) (17)
Acquisitions, net of cash acquired (54) 0
Other investing, net (5) 0
Net cash used in investing activities (75) (17)
Cash Flows from Financing Activities    
Proceeds from issuance of long-term debt 668 0
Payments on long-term debt (646) (95)
Dividends (46) (54)
Payments to acquire treasury stock, including fees (113) (162)
Other financing, net (12) (7)
Net cash used in financing activities (149) (318)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 10 (12)
Decrease in cash, cash equivalents and restricted cash (148) (230)
Cash, cash equivalents and restricted cash at beginning of period 1,909 2,691
Cash, Cash Equivalents and Restricted Cash at End of Period $ 1,761 $ 2,461
[1] Captions were changed in 2022 to reflect the inclusion of expense and contributions for our Retiree Health plans, which were previously reported as part of the Increase (decrease) in accrued compensation. There was no change to Net cash provided by operating activities as a result of the reclassification. Prior year amounts have been revised to conform to this presentation. Refer to Note 16 - Employee Benefit Plans for additional information.