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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Sep. 30, 2021
OPERATING ACTIVITIES      
Net income $ 58 $ 33  
Less: Income from discontinued operations, net of tax 0 0  
Income from continuing operations 58 33  
Adjustments to income from continuing operations to arrive at cash provided by operating activities:      
Depreciation and amortization 25 27  
Deferred income tax expense 1 1  
Restructuring costs 4 6  
Stock compensation expense 4 6  
Equity in earnings of affiliates (7) (11)  
Pension and retiree medical income (13) (13)  
Loss on debt extinguishment 0 8  
Dividends received from equity method investments 4 1  
Pension and retiree medical contributions (2) (3)  
Restructuring payments (4) (4)  
Changes in off-balance sheet accounts receivable securitization and factoring programs 153 85  
Changes in receivables, inventories and accounts payable (181) (77)  
Changes in other current assets and liabilities (58) (22)  
Changes in other assets and liabilities (5) 7  
Operating cash flows provided by (used for) continuing operations (21) 44  
Operating cash flows used for discontinued operations 0 0  
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES (21) 44  
INVESTING ACTIVITIES      
Capital expenditures (18) (10)  
Other investing activities 2 (3)  
CASH USED FOR INVESTING ACTIVITIES (16) (13)  
FINANCING ACTIVITIES      
Borrowing and securitization 55 0  
Redemption of notes 0 (281)  
Proceeds from debt issuance 0 275  
Redemption of convertible notes 0 (53)  
Debt issuance costs 0 (4)  
Term loan payments (5) (4)  
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES 50 (67)  
EFFECT OF CHANGES IN FOREIGN CURRENCY EXCHANGE RATES ON CASH AND CASH EQUIVALENTS (1) 4  
CHANGE IN CASH AND CASH EQUIVALENTS 12 (32)  
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 101 315 $ 315
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 113 $ 283 $ 101