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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income $ 1,637 $ 789
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 521 397
Stock-based compensation expense 17 16
Loss from disposition and write-off of property, plant and equipment 18 7
Deferred income taxes 81 24
Other losses (gains), net 17 22
Changes in operating assets and liabilities, net of effect of business acquisitions    
Accounts receivable (416) (345)
Inventories (299) (55)
Prepaid expenses and other current assets (40) (39)
Accounts payable 112 132
Accrued and other liabilities 66 4
Other, net (101) (70)
Net cash provided by operating activities 1,613 882
Cash flows from investing activities    
Acquisition of business, net of cash acquired (1,163) 0
Additions to investments in unconsolidated subsidiaries (156) (9)
Additions to property, plant and equipment (493) (270)
Other, net 9 15
Net cash used for investing activities (1,803) (264)
Cash flows from financing activities    
Distributions to noncontrolling interests (24) (22)
Dividends paid (77) (69)
Repayment of senior notes (250) 0
Repurchase of common stock for treasury (31) 0
Other, net 5 19
Net cash used for financing activities (377) (72)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (30) (4)
Net increase (decrease) in cash, cash equivalents and restricted cash (597) 542
Cash, cash equivalents and restricted cash at beginning of period 1,941 1,337
Cash, cash equivalents and restricted cash at end of period $ 1,344 $ 1,879