XML 16 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities:    
Net (loss) income $ (167) $ 591
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation 680 658
Amortization of purchased intangibles 54 57
Loss on disposal of assets 75 12
Severance charges 135 7
Severence payments (97) (5)
Stock compensation charges 65 30
Equity in earnings of affiliated companies (93) (58)
Deferred tax benefit (130) (34)
Customer deposits and incentives 125 2
Translated earnings contract gain (105) (77)
Unrealized translation losses on transactions 11 34
Tax assessment refunds 101  
Asset impairment 195  
Changes in certain working capital items:    
Trade accounts receivable 27 (201)
Inventories 53 (257)
Other current assets 20 (164)
Accounts payable and other current liabilities (235) (365)
Other, net 84 (106)
Net cash provided by (used in) operating activities 798 124
Cash Flows from Investing Activities:    
Capital expenditures (833) (1,094)
Proceeds from sale or disposal of assets 27  
Realized gains on translated earnings contracts 12 38
Other, net 10 22
Net cash used in investing activities (784) (1,034)
Cash Flows from Financing Activities:    
Proceeds from issuance of long-term debt, net 209  
Proceeds from issuance of commercial paper   446
Proceeds from the exercise of stock options 13 36
Repurchases of common stock for treasury (105) (407)
Dividends paid (383) (362)
Other, net (6) 25
Net cash used in financing activities (272) (262)
Effect of exchange rates on cash (18) (5)
Net decrease in cash and cash equivalents (276) (1,177)
Cash and cash equivalents at beginning of period 2,434 2,355
Cash and cash equivalents at end of period $ 2,158 $ 1,178