Note 6 - Supplemental Balance Sheet and Cash Flow Information

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Additional Financial Information Disclosure [Text Block]

Supplemental balance sheet information at December 31 —

	2020			2019
Other current assets:
Prepaid expenses	$	95		$	109
Other		32			28
Total	$	127		$	137
Other noncurrent assets:
Marketable securities	$	49		$	—
Customer incentive payments		45			37
Prepaid expenses		2			3
Deferred financing costs		5			6
Pension assets, net of related obligations		3			4
Other		65			70
Total	$	169		$	120
Property, plant and equipment, net:
Land and improvements to land	$	210		$	223
Buildings and building fixtures		646			621
Machinery and equipment		3,613			3,355
Finance lease right-of-use assets		72			41
Total cost		4,541			4,240
Less: accumulated depreciation		(2,290	)		(1,975	)
Net	$	2,251		$	2,265
Other accrued liabilities (current):
Non-income taxes payable	$	56		$	65
Accrued interest		13			11
Warranty reserves		43			36
Deferred income		7			6
Work place injury costs		6			5
Restructuring costs		30			14
Payable under forward contracts		9			5
Environmental		5			5
Other expense accruals		139			115
Total	$	308		$	262
Other noncurrent liabilities:
Income tax liability	$	51		$	47
Interest rate swap market valuation		128			71
Deferred income tax liability		38			40
Work place injury costs		15			17
Warranty reserves		55			65
Other noncurrent liabilities		81			65
Total	$	368		$	305

Cash, cash equivalents and restricted cash at —

	December 31, 2020		December 31, 2019		December 31, 2018		December 31, 2017
Cash and cash equivalents	$	559	$	508	$	510	$	603
Restricted cash included in other current assets		5		6		7		3
Restricted cash included in other noncurrent assets		3		4		3		4
Total cash, cash equivalents and restricted cash	$	567	$	518	$	520	$	610

Supplemental cash flow information —

	2020			2019			2018
Change in working capital:
Change in accounts receivable	$	(66	)	$	134		$	(113	)
Change in inventories		69			35			(110	)
Change in accounts payable		82			(96	)		97
Change in accrued payroll and employee benefits		(22	)		(21	)		(28	)
Change in accrued income taxes		(9	)		(19	)		(3	)
Change in other current assets and liabilities		(7	)		(50	)		44
Net	$	47		$	(17	)	$	(113	)
Cash paid during the period for:
Interest	$	129		$	117		$	90
Income taxes		98			125			145
Noncash investing and financing activities:
Purchases of property, plant and equipment held in accounts payable	$	50		$	71		$	91
Stock compensation plans		12			17			18
Noncash dividends declared		—			1			1