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Note 6 - Supplemental Balance Sheet and Cash Flow Information
12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Additional Financial Information Disclosure [Text Block]

Note 6.  Supplemental Balance Sheet and Cash Flow Information

 

Supplemental balance sheet information at December 31 —

 

   

2021

   

2020

 

Other current assets:

               

Prepaid expenses

  $ 147     $ 95  

Other

    49       32  

Total

  $ 196     $ 127  
                 

Other noncurrent assets:

               

Marketable securities

  $     $ 49  

Customer incentive payments

    38       45  

Prepaid expenses

    2       2  

Deferred financing costs

    6       5  

Pension assets, net of related obligations

    15       3  

Other

    70       65  

Total

  $ 131     $ 169  
                 

Property, plant and equipment, net:

               

Land and improvements to land

  $ 193     $ 210  

Buildings and building fixtures

    590       646  

Machinery and equipment

    3,872       3,613  

Finance lease right-of-use assets

    64       72  

Total cost

    4,719       4,541  

Less: accumulated depreciation

    (2,520 )     (2,290 )

Net

  $ 2,199     $ 2,251  
                 

Other accrued liabilities (current):

               

Non-income taxes payable

  $ 54     $ 56  

Accrued interest

    25       13  

Warranty reserves

    51       43  

Deferred income

    8       7  

Workplace injury costs

    5       6  

Restructuring costs

    11       30  

Payable under forward contracts

    1       9  

Environmental

    5       5  

Other expense accruals

    144       139  

Total

  $ 304     $ 308  
                 

Other noncurrent liabilities:

               

Income tax liability

  $ 68     $ 51  

Interest rate swap market valuation

    51       128  

Deferred income tax liability

    32       38  

Workplace injury costs

    15       15  

Warranty reserves

    56       55  

Other noncurrent liabilities

    70       81  

Total

  $ 292     $ 368  

 

Cash, cash equivalents and restricted cash at 

 

   

December 31, 2021

   

December 31, 2020

   

December 31, 2019

   

December 31, 2018

 

Cash and cash equivalents

  $ 268     $ 559     $ 508     $ 510  

Restricted cash included in other current assets

    9       5       6       7  

Restricted cash included in other noncurrent assets

    10       3       4       3  

Total cash, cash equivalents and restricted cash

  $ 287     $ 567     $ 518     $ 520  

 

Supplemental cash flow information —

 

   

2021

   

2020

   

2019

 

Change in working capital:

                       

Change in accounts receivable

  $ (189 )   $ (66 )   $ 134  

Change in inventories

    (471 )     69       35  

Change in accounts payable

    254       82       (96 )

Change in accrued payroll and employee benefits

    3       (22 )     (21 )

Change in accrued income taxes

    (44 )     (9 )     (19 )

Change in other current assets and liabilities

    (8 )     (7 )     (50 )

Net

  $ (455 )   $ 47     $ (17 )
                         
                         

Cash paid during the period for:

                       

Interest

  $ 109     $ 129     $ 117  

Income taxes

    99       98       125  

Noncash investing and financing activities:

                       

Purchases of property, plant and equipment held in accounts payable

  $ 91     $ 50     $ 71  

Stock compensation plans

    18       12       17  

Noncash dividends declared

    1             1