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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows – Operating Activities    
Net income - including noncontrolling interests $ 313 $ 110
Depreciation and amortization 116 164
Non-cash operating lease cost 102 120
Closures and impairment expenses 3 2
Investment loss [1] 17 37
Equity in net (earnings) losses from equity method investments (1) 1
Distributions of income received from equity method investments 4  
Deferred income taxes 7 1
Share-based compensation expense 13 11
Changes in accounts receivable 5 (2)
Changes in inventories 40 88
Changes in prepaid expenses, other current assets and VAT assets 12 38
Changes in accounts payable and other current liabilities (93) (322)
Changes in income taxes payable 75 26
Changes in non-current operating lease liabilities (94) (106)
Other, net (12) 3
Net Cash Provided by Operating Activities 507 171
Cash Flows – Investing Activities    
Capital spending (179) (205)
Purchases of short-term investments, long-term bank deposits and notes (1,378) (1,041)
Maturities of short-term investments, long-term bank deposits and notes 1,126 1,281
Acquisition of business, net of cash acquired   (23)
Other, net 2 1
Net Cash (Used in) Provided by Investing Activities (429) 13
Cash Flows – Financing Activities    
Repurchase of shares of common stock (60) (224)
Cash dividends paid on common stock (54) (51)
Dividends paid to noncontrolling interests (15) (17)
Contributions from noncontrolling interests 35 18
Other, net (5)  
Net Cash Used in Financing Activities (99) (274)
Effect of Exchange Rates on Cash, Cash Equivalents and Restricted Cash 2 1
Net Decrease in Cash, Cash Equivalents and Restricted Cash (19) (89)
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 1,130 1,136
Cash, Cash Equivalents and Restricted Cash - End of Period 1,111 1,047
Supplemental Cash Flow Data    
Cash paid for income tax 39 23
Non-cash Investing and Financing Activities    
Capital expenditures included in accounts payable and other current liabilities $ 139 $ 182
[1] Amounts have not been allocated to any segment for performance reporting purposes.