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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net income $ 2,297 $ 2,070 $ 373
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 1,056 840 773
Stock-based compensation expense 36 31 29
Loss from disposition and write-off of property, plant and equipment 46 28 33
Deferred income taxes (21) 23 146
Other losses, net 5 16 21
Changes in operating assets and liabilities, net of effect of business acquisitions      
Accounts receivable 325 (528) (161)
Inventories (140) (309) 29
Prepaid expenses and other current assets 5 (27) 2
Accounts payable (153) 242 67
Accrued and other liabilities 137 239 46
Other, net (198) (231) (61)
Net cash provided by operating activities 3,395 2,394 1,297
Cash flows from investing activities      
Acquisition of businesses, net of cash acquired (1,203) (2,554) 0
Additions to investments in unconsolidated subsidiaries (180) (24) (18)
Additions to property, plant and equipment (1,108) (658) (525)
Return of investment from an unconsolidated subsidiary 0 0 44
Other, net 12 23 (10)
Net cash used for investing activities (2,479) (3,213) (509)
Cash flows from financing activities      
Debt issuance costs 0 (18) (3)
Distributions to noncontrolling interests (60) (48) (55)
Dividends paid (169) (145) (137)
Proceeds from debt issuance and drawdown of revolver, net 0 1,671 1,299
Repayment of revolver and senior notes (250) 0 (1,254)
Repurchase of common stock for treasury (101) (30) (54)
Other, net (7) 7 (12)
Net cash provided by (used for) financing activities (587) 1,437 (216)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (24) (14) 15
Net increase in cash, cash equivalents and restricted cash 305 604 587
Cash, cash equivalents and restricted cash at beginning of the year 1,941 1,337 750
Cash, cash equivalents and restricted cash at end of the year $ 2,246 $ 1,941 $ 1,337