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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:      
Net income $ 1,386 $ 1,935 $ 523
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,329 1,352 1,399
Amortization of purchased intangibles 123 129 121
Loss on disposal of assets 189 57 138
Severance charges (reversals) 70 (13) 148
Severance payments (11) (26) (147)
Share-based compensation expense 175 190 207
Translation (gain) loss on Japanese yen-denominated debt (191) (180) 86
Deferred tax (benefit) provision (46) 16 (20)
Pension plan contributions (24) (221)
Translated earnings contract (gain) loss (351) (354) 38
Unrealized translation loss (gain) on transactions 68 77 (133)
(Gain) loss on investment (8) 23 (107)
Asbestos claim payments     (130)
Tax assessment refunds     101
Asset impairment 217
Transaction-related gain, net   (498)
Changes in assets and liabilities:      
Trade accounts receivable 113 (54) (274)
Inventories (522) (103) 423
Other current assets (139) (224) (25)
Accounts payable and other current liabilities 349 772 190
Customer deposits and government incentives 110 28 104
Deferred income (49) (116) (46)
Other, net 20 (73) 86
Net cash provided by operating activities 2,615 3,412 2,180
Cash Flows from Investing Activities:      
Capital expenditures (1,604) (1,637) (1,377)
Proceeds from sale or disposal of assets 17 37
Proceeds from sale of business 76 103  
Investments in and proceeds from unconsolidated entities, net (38) 84 (28)
Realized gains on translated earnings contracts 300 67 12
Premiums paid on hedging contracts (75) (48) (9)
Other, net (14) (5) 55
Net cash used in investing activities (1,355) (1,419) (1,310)
Cash Flows from Financing Activities:      
Repayments of short-term borrowings (87) (144) (100)
Repayments of long-term debt (716) (121)
Proceeds from issuance of short-term debt 70
Proceeds from issuance of long-term debt 57 22 243
Payment for redemption of preferred stock (507) (507)  
Payments of employee withholding tax on stock awards (47) (61) (11)
Proceeds from exercise of stock options 40 97 124
Purchases of common stock for treasury (221) (274) (105)
Dividends paid (932) (871) (787)
Other, net (22) 2 28
Net cash used in financing activities (1,649) (2,452) (729)
Effect of exchange rates on cash (88) (65) 97
Net (decrease) increase in cash and cash equivalents (477) (524) 238
Cash and cash equivalents at beginning of year 2,148 2,672 2,434
Cash and cash equivalents at end of year $ 1,671 $ 2,148 $ 2,672