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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (111) $ (18)
Adjustments to reconcile to net cash used in operating activities:    
Depreciation and amortization 10 15
Pension income (22) (23)
Change in fair value of embedded derivatives in the Series A Preferred Stock and Convertible Notes [1] (53) 1
Net gain on sales of assets (8)  
Asset impairments 3  
Stock based compensation 1 3
Provision for deferred income taxes 161 1
Decrease in trade receivables 19 25
Increase in inventories (26) (11)
Increase in trade payables 1 14
Decrease in liabilities excluding borrowings and trade payables (27) (27)
Other items, net 11 8
Total adjustments 70 6
Net cash used in operating activities (41) (12)
Cash flows from investing activities:    
Additions to properties (4) (3)
Net proceeds from return on equity investment 2  
Net proceeds from sales of assets 1  
Net cash used in investing activities (1) (3)
Cash flows from financing activities:    
Proceeds from borrowings   14
Repayment of finance leases   (1)
Preferred stock dividend payments (3)  
Payment of contingent consideration related to the sale of a business   (10)
Net cash (used in) provided by financing activities (3) 3
Effect of exchange rate changes on cash, cash equivalents and restricted cash (4) 2
Net decrease in cash, cash equivalents, restricted cash and cash in assets held for sale (49) (10)
Cash, cash equivalents, restricted cash and cash in assets held for sale, beginning of period 290 267
Cash, cash equivalents, restricted cash and cash in assets held for sale, end of period $ 241 $ 257
[1] Refer to Note 24, “Financial Instruments”.