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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net income (loss) $ (133) $ 171
Depreciation 270 272
Amortization 17 18
Amortization of deferred financing charges 4 5
Redemption premium on debt   21
Write-off of deferred financing costs   3
Earnings of affiliates, net of dividends received 29 (11)
Stock compensation expense 13 15
Deferred income taxes (56) 8
Impairment of goodwill 191  
Change in working capital (21) (501)
Other, net (7) 18
Net cash provided by operating activities 307 19
Investing activities    
Purchases of property, plant and equipment (300) (228)
Acquisition of businesses, net of cash acquired (1) (18)
Investments in affiliates   (23)
Proceeds from sale of subsidiary, net of cash disposed   (4)
Purchases of marketable securities (15) (25)
Proceeds from sales of marketable securities   30
Proceeds from maturities of marketable securities 18 27
Other, net 7 5
Net cash used in investing activities (297) (260)
Financing activities    
Net change in short-term debt 212 43
Proceeds from long-term debt 2 802
Repayment of long-term debt (19) (805)
Redemption premium on debt   (21)
Deferred financing payments   (13)
Dividends paid to common stockholders (43) (44)
Repurchases of common stock (25) (23)
Distributions to noncontrolling interests (8) (10)
Contributions from redeemable noncontrolling interests 30 6
Deconsolidation of non-wholly owned subsidiary   (6)
Payments to acquire noncontrolling interests (4)  
Other, net (7)  
Net cash provided by (used in) financing activities 138 (71)
Net increase (decrease) in cash, cash equivalents and restricted cash 148 (312)
Cash, cash equivalents and restricted cash – beginning of period 287 567
Effect of exchange rate changes on cash balances (45) (16)
Cash, cash equivalents and restricted cash – end of period (Note 5) 390 239
Non-cash investing activity    
Purchases of property, plant and equipment held in accounts payable 65 75
Not Designated as Hedging Instrument [Member]    
Investing activities    
Settlement of derivatives $ (6) (2)
Currency Swap [Member]    
Investing activities    
Settlement of derivatives   $ (22)