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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 764 $ 253
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 257 195
Stock-based compensation expense 8 8
Loss from disposition and write-off of property, plant and equipment 9 4
Deferred income taxes 42 10
Other losses (gains), net (2) 3
Changes in operating assets and liabilities, net of effect of business acquisitions    
Accounts receivable (194) (120)
Inventories (136) (42)
Prepaid expenses and other current assets (14) (12)
Accounts payable (4) 75
Accrued and other liabilities (8) (84)
Other, net (22) (25)
Net cash provided by operating activities 700 265
Cash flows from investing activities    
Acquisition of businesses, net of cash acquired (1,154) 0
Additions to investments in unconsolidated subsidiaries (96) (7)
Additions to property, plant and equipment (263) (141)
Other, net 6 13
Net cash used for investing activities (1,507) (135)
Cash flows from financing activities    
Distributions to noncontrolling interests (10) (11)
Dividends paid (39) (35)
Proceeds from debt issuance 5 4
Repayment of short-term notes payable, net (8) 0
Other, net 5 8
Net cash used for financing activities (47) (34)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3) (3)
Net increase (decrease) in cash, cash equivalents and restricted cash (857) 93
Cash, cash equivalents and restricted cash at beginning of period 1,941 1,337
Cash, cash equivalents and restricted cash at end of period $ 1,084 $ 1,430