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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities:    
Net income $ 225 $ 191
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 307 310
Amortization of purchased intangibles 30 31
Severance payments (41) (20)
Share-based compensation expense 60 52
Translation gain on Japanese yen-denominated debt (81) (18)
Deferred tax provision (benefit) 10 (38)
Translated earnings contract (gain) loss, net (39) 8
Changes in assets and liabilities:    
Trade accounts receivable (161) (28)
Inventories (86) 17
Other current assets 2 (62)
Accounts payable and other current liabilities (73) (369)
Customer deposits and government incentives (25) (17)
Deferred income (34) (6)
Other, net 2 (100)
Net cash provided by (used in) operating activities 96 (49)
Cash Flows from Investing Activities:    
Capital expenditures (252) (382)
Proceeds from sale of equipment to related party 67
Realized gains on translated earnings contracts and other 94 81
Other, net (26) 6
Net cash used in investing activities (184) (228)
Cash Flows from Financing Activities:    
Repayments of debt (37) (69)
Proceeds from other financing arrangements 54
Payments of employee withholding tax on stock awards (34) (16)
Proceeds from exercise of stock options 13 16
Dividends paid (243) (239)
Other, net (7) 6
Net cash used in financing activities (308) (248)
Effect of exchange rates on cash (18)
Net decrease in cash and cash equivalents (414) (525)
Cash and cash equivalents at beginning of period 1,779 1,671
Cash and cash equivalents at end of period $ 1,365 $ 1,146