Note 6 - Supplemental Balance Sheet and Cash Flow Information

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Additional Financial Information Disclosure [Text Block]

Supplemental balance sheet information at December 31 —

	2022			2021
Other current assets:
Prepaid expenses	$	167		$	147
Other		52			49
Total	$	219		$	196
Other noncurrent assets:
Customer incentive payments	$	28		$	38
Prepaid expenses		3			2
Deferred financing costs		4			6
Pension assets, net of related obligations		9			15
Other		79			70
Total	$	123		$	131
Property, plant and equipment, net:
Land and improvements to land	$	187		$	193
Buildings and building fixtures		605			590
Machinery and equipment		4,108			3,872
Finance lease right-of-use assets		57			64
Total cost		4,957			4,719
Less: accumulated depreciation		(2,764	)		(2,520	)
Net	$	2,193		$	2,199
Other accrued liabilities (current):
Non-income taxes payable	$	54		$	54
Accrued interest		29			25
Warranty reserves		35			51
Deferred income					8
Workplace injury costs		5			5
Restructuring costs		2			11
Payable under forward contracts		11			1
Environmental		3			5
Deferred government assistance		3
Other expense accruals		135			144
Total	$	277		$	304
Other noncurrent liabilities:
Income tax liability	$	58		$	68
Interest rate swap market valuation		11			51
Deferred income tax liability		30			32
Workplace injury costs		14			15
Warranty reserves		73			56
Deferred government assistance		16
Other noncurrent liabilities		47			70
Total	$	249		$	292

Cash, cash equivalents and restricted cash at —

	December 31, 2022		December 31, 2021		December 31, 2020		December 31, 2019
Cash and cash equivalents	$	425	$	268	$	559	$	508
Restricted cash included in other current assets		7		9		5		6
Restricted cash included in other noncurrent assets		10		10		3		4
Total cash, cash equivalents and restricted cash	$	442	$	287	$	567	$	518

Supplemental cash flow information —

	2022			2021			2020
Change in working capital:
Change in accounts receivable	$	(81	)	$	(189	)	$	(66	)
Change in inventories		(99	)		(471	)		69
Change in accounts payable		343			254			82
Change in accrued payroll and employee benefits		36			3			(22	)
Change in accrued income taxes		10			(44	)		(9	)
Change in other current assets and liabilities		(10	)		(8	)		(7	)
Net	$	199		$	(455	)	$	47
Cash paid during the period for:
Interest	$	117		$	109		$	129
Income taxes		132			99			98
Noncash investing and financing activities:
Purchases of property, plant and equipment held in accounts payable	$	74		$	91		$	50
Stock compensation plans		17			18			12
Noncash dividends declared		1			1			—