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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 207 $ 107
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 139 139
Deferred Income Taxes 30 17
Amount of Postretirement Expense Greater (Less) Than Funding 1 (5)
Impairment Charges related to Divestiture 4 0
Other, Net 16 0
Changes in Operating Assets and Liabilities (337) (240)
Net Cash Provided by Operating Activities 60 18
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital Spending (189) (221)
Packaging Machinery Spending (7) (2)
Acquisition of Businesses, Net of Cash Acquired (100) 0
Beneficial Interest on Sold Receivables 30 31
Beneficial Interest Obtained in Exchange for Proceeds (6) (2)
Other, Net (1) (1)
Net Cash Used in Investing Activities (273) (195)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase of Common Stock (28) 0
Payments on Debt (5) (3)
Borrowings under Revolving Credit Facilities 1,832 1,972
Payments on Revolving Credit Facilities (1,569) (1,812)
Repurchase of Common Stock related to Share-Based Payments (20) (17)
Dividends Paid (31) (23)
Other, Net (2) 2
Net Cash Provided by Financing Activities 177 119
Effect of Exchange Rate Changes on Cash 1 (3)
Net Decrease in Cash and Cash Equivalents (35) (61)
Cash and Cash Equivalents at Beginning of Period (includes $5 million classified as held for sale as of December 31, 2022) 155 172
Cash and Cash Equivalents at End of Period (includes $7 million classified as held for sale as of March 31, 2023) 120 111
Beneficial Interest Obtained in Exchange for Trade Receivables 32 28
Non-cash Investing Activities:    
Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities $ 26 $ 7