XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
4 Months Ended 5 Months Ended 9 Months Ended
Apr. 30, 2021
Sep. 30, 2021
Sep. 30, 2022
Successor [Member]      
Cash flows provided from (used by) operating activities:      
Net Income   $ 225 $ 286
Adjustments to reconcile net income to net cash provided from (used by) operating activities:      
Depreciation and amortization   452 870
Pension settlement costs     50
Stock-based compensation expense   8 54
Lease Impairment     44
Bad debt expense   16 19
Other adjustments   (11) (20)
Deferred income taxes   68 167
Change in accounts receivable   49 16
Change in pension and other post retirement liabilities   60 (527)
Change in accounts payable and other liabilities   89 94
Change in prepaid expenses, income taxes, and other assets   27 (12)
Net cash provided from (used by) operating activities   983 1,041
Cash flows provided from (used by) investing activities:      
Capital expenditures   (646) (1,860)
Proceeds on sale of assets     4
Purchase of short-term investments     (3,225)
Sale of short-term investments     900
Other   1 3
Net cash used by investing activities   (645) (4,178)
Cash flows provided from (used by) financing activities:      
Long-term debt principal payments   (8) (11)
Proceeds from long-term debt borrowings     1,200
Financing costs paid     (17)
Finance lease obligation payments   (9) (15)
Proceeds from financing lease transactions     70
Taxes paid on behalf of employees for shares withheld     (7)
Other     (1)
Net cash provided from (used by) financing activities   (17) 1,219
Increase (decrease) in cash, cash equivalents, and restricted cash   321 (1,918)
Cash, cash equivalents, and restricted cash at January 1,   940 2,178
Cash, cash equivalents, and restricted cash at September 30, $ 940 1,261 260
Cash paid during the period for:      
Interest   121 286
Income tax payments, net   27 $ 7
Predecessor [Member]      
Cash flows provided from (used by) operating activities:      
Net Income 4,541    
Adjustments to reconcile net income to net cash provided from (used by) operating activities:      
Depreciation and amortization 506    
Stock-based compensation expense (1)    
Non-cash reorganization items, net (5,467)    
Provision for bad debts 14    
Other adjustments 1    
Deferred income taxes (148)    
Change in accounts receivable 36    
Change in pension and other post retirement liabilities (12)    
Change in accounts payable and other liabilities (156)    
Change in prepaid expenses, income taxes, and other assets 46    
Net cash provided from (used by) operating activities (654)    
Cash flows provided from (used by) investing activities:      
Capital expenditures (500)    
Proceeds on sale of assets 9    
Other 1    
Net cash used by investing activities (490)    
Cash flows provided from (used by) financing activities:      
Long-term debt principal payments (1)    
Proceeds from long-term debt borrowings 225    
Financing costs paid (4)    
Finance lease obligation payments (7)    
Other (16)    
Net cash provided from (used by) financing activities 197    
Increase (decrease) in cash, cash equivalents, and restricted cash (947)    
Cash, cash equivalents, and restricted cash at January 1, 1,887 $ 940  
Cash, cash equivalents, and restricted cash at September 30, 940    
Cash paid during the period for:      
Interest 84    
Income tax payments, net 9    
Reorganization items, net $ 1,397