XML 22 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities    
Net loss $ (453) $ (429)
Depreciation and amortization 73 90
Gain on divestitures (77) 0
Assets impairment charge 168 0
Undistributed loss from equity method investments 39 50
Stock-based compensation 6 5
Deferred income taxes (3) (7)
Other, net 3 (7)
Change in operating assets and liabilities:    
Receivables, gross 36 48
Accrued expenses 45 42
Related party receivables and payables, net 4 37
Accounts payable (8) (18)
Prepaid expenses and other contract assets 14 (10)
Inventories, gross 15 1
Income taxes 20 0
Other current assets and liabilities, net 3 (23)
Net cash used in operating activities (115) (221)
Investing activities    
Proceeds from divestitures 198 0
Capital expenditures (70) (168)
Equity method investment 10  
Equity method investment   (32)
Short-term investments mature into cash 0 5
Long term investments (1) (3)
Proceeds from sale of property, plant and equipment 10 0
Acquisition of intangible assets (10) 0
Acquisition of business net of cash acquired (33) 0
Net cash provided by (used in) investing activities 104 (198)
Financing activities    
Issuance of common stock 0 405
Dividend paid to non-controlling interest (5) 0
(Payments for) proceeds from long-term debt (1) 206
(Payments for) Proceeds from short-term debt (2) 22
Net increase in related party short-term debt 0 1
Net cash (used in) provided by financing activities (8) 634
Effect of exchange rate changes on cash and cash equivalents 6 (17)
Increase (decrease) in cash and cash equivalents (13) 198
Cash and cash equivalents at beginning of period 859 864
Cash and cash equivalents at end of period $ 846 $ 1,062