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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities:    
Net (loss) income $ (96) $ 499
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation 356 306
Amortization of purchased intangibles 26 29
Loss on disposal of assets 60  
Severance charges 77  
Equity in earnings of affiliated companies (14) (25)
Deferred tax benefit (40) (40)
Customer deposits and incentives 125 2
Translated earnings contract gain (68) (184)
Unrealized translation losses on transactions 33 8
Tax assessment refunds 101  
Severence payments (75)  
Changes in certain working capital items:    
Trade accounts receivable 43 (36)
Inventories (67) (159)
Other current assets (10) (97)
Accounts payable and other current liabilities (207) (299)
Other, net 4 (33)
Net cash provided by (used in) operating activities 248 (29)
Cash Flows from Investing Activities:    
Capital expenditures (545) (524)
Realized gains on translated earnings contracts 11 20
Other, net (5) 21
Net cash used in investing activities (539) (483)
Cash Flows from Financing Activities:    
Proceeds from issuance of long-term debt, net 200  
Repurchases of common stock for treasury (105) (257)
Dividends paid (192) (181)
Other, net 3 45
Net cash used in financing activities (94) (393)
Effect of exchange rates on cash (24) 6
Net decrease in cash and cash equivalents (409) (899)
Cash and cash equivalents at beginning of period 2,434 2,355
Cash and cash equivalents at end of period $ 2,025 $ 1,456