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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net income (loss) $ (311) $ 200 $ (51)
Depreciation 365 365 345
Amortization 23 24 20
Amortization of deferred financing charges 5 6 8
Redemption premium on debt   21
Write-off of deferred financing costs   8 8
Earnings of affiliates, net of dividends received 23 (10) 7
Stock compensation expense 19 17 14
Deferred income taxes 153 (1) (35)
Pension expense, net (1) (1) 3
Gain on sale leaseback (66)
Impairment of goodwill 191 51
Change in working capital 199 (455) 47
Change in other noncurrent assets and liabilities 9 (3) (20)
Other, net (26) 53 (11)
Net cash provided by operating activities 649 158 386
Investing activities      
Purchases of property, plant and equipment (440) (369) (326)
Proceeds from sale of property, plant and equipment 3 85 11
Acquisition of businesses, net of cash acquired (1) (18) (6)
Investments in affiliates   (23) (21)
Purchases of marketable securities (15) (32) (44)
Proceeds from sales of marketable securities   30 5
Proceeds from maturities of marketable securities 30 35 36
Proceeds from sale of equity affiliate 29 21
Proceeds from sale of subsidiaries, net of cash disposed (4)
Other, net 5 2
Net cash used in investing activities (426) (293) (327)
Financing activities      
Net change in short-term debt 33 (3) 9
Proceeds from long-term debt 2 1,157 508
Repayment of long-term debt (24) (1,156) (480)
Redemption premium on debt   (21)
Deferred financing payments   (18) (13)
Dividends paid to common stockholders (58) (58) (15)
Repurchases of common stock (25) (23)
Distributions to noncontrolling interests (9) (15) (11)
Contributions from redeemable noncontrolling interests 51 14 4
Sale of interest to noncontrolling shareholder 9
Deconsolidation of non-wholly owned subsidiary   (6) (14)
Payments to acquire noncontrolling interests (4)   (7)
Other, net (8) 2 (2)
Net cash used in financing activities (42) (127) (12)
Net increase (decrease) in cash, cash equivalents and restricted cash 181 (262) 47
Cash, cash equivalents and restricted cash - beginning of period 287 567 518
Effect of exchange rate changes on cash balances (26) (18) 2
Cash, cash equivalents and restricted cash - end of period 442 287 567
Not Designated as Hedging Instrument [Member]      
Investing activities      
Settlement of derivatives $ (8) (4) (5)
Currency Swap [Member]      
Investing activities      
Settlement of derivatives   $ (22)