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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income (loss) $ (15,761,000,000) $ 271,000,000 $ 283,000,000
Adjustments to reconcile net income (loss) to net cash flows from operating activities:      
Depreciation and amortization 1,317,000,000 1,418,000,000 1,486,000,000
Goodwill impairment 14,773,000,000 0 0
Intangible assets impairment 729,000,000 0 0
Property, plant and equipment impairment 461,000,000 107,000,000 80,000,000
Inventory impairment 246,000,000 0 105,000,000
Loss (gain) on business dispositions 353,000,000 138,000,000 (171,000,000)
Provision (benefit) for deferred income taxes 160,000,000 51,000,000 (249,000,000)
Unrealized gain on equity security (1,417,000,000) 0 0
Equity in loss of affiliate 0 0 139,000,000
Changes in operating assets and liabilities:      
Current receivables 680,000,000 (583,000,000) (204,000,000)
Inventories (80,000,000) (200,000,000) (339,000,000)
Accounts payable (711,000,000) 249,000,000 794,000,000
Progress collections and deferred income 396,000,000 1,147,000,000 (27,000,000)
Contract and other deferred assets (69,000,000) (60,000,000) 129,000,000
Other operating items, net 227,000,000 (412,000,000) (264,000,000)
Net cash flows from operating activities 1,304,000,000 2,126,000,000 1,762,000,000
Cash flows from investing activities:      
Expenditures for capital assets (974,000,000) (1,240,000,000) (995,000,000)
Proceeds from disposal of assets 187,000,000 264,000,000 458,000,000
Proceeds from business dispositions 187,000,000 77,000,000 453,000,000
Net cash paid for business interests (26,000,000) (176,000,000) (530,000,000)
Other investing items, net 8,000,000 30,000,000 36,000,000
Net cash flows used in investing activities (618,000,000) (1,045,000,000) (578,000,000)
Cash flows from financing activities:      
Net repayments of short-term debt (204,000,000) (542,000,000) (376,000,000)
Proceeds from the issuance of long-term debt 500,000,000 525,000,000 0
Proceeds from issuance of commercial paper 737,000,000 0 0
Repayments of long-term debt (42,000,000) (570,000,000) (684,000,000)
Dividends paid (488,000,000) (395,000,000) (315,000,000)
Distributions to GE (256,000,000) (350,000,000) (495,000,000)
Repurchase of Class A common stock 0 0 (387,000,000)
Repurchase of common units from GE by BHH LLC 0 (250,000,000) (2,099,000,000)
Other financing items, net (22,000,000) 48,000,000 (7,000,000)
Net cash flows from (used in) financing activities 225,000,000 (1,534,000,000) (4,363,000,000)
Effect of currency exchange rate changes on cash and cash equivalents (28,000,000) (21,000,000) (128,000,000)
Increase (decrease) in cash and cash equivalents 883,000,000 (474,000,000) (3,307,000,000)
Cash and cash equivalents, beginning of period 3,249,000,000 [1] 3,723,000,000 7,030,000,000
Cash and cash equivalents, end of period $ 4,132,000,000 [1] $ 3,249,000,000 [1] $ 3,723,000,000
[1] Total assets include $45 million and $273 million of assets held on behalf of GE, of which $44 million and $162 million is cash and cash equivalents and $1 million and $111 million is investment securities at December 31, 2020 and 2019, respectively, and a corresponding amount of liability is reported in short-term borrowings. See "Note 18. Related Party Transactions" for further details.