Note 2 - Cash, Cash Equivalents and Restricted Cash

3 Months Ended

Mar. 31, 2022

Cash And Cash Equivalents [Abstract]

Cash, Cash Equivalents and Restricted Cash

NOTE 2: CASH, CASH EQUIVALENTS AND RESTRICTED CASH

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Statement of Financial Position that sums to the total of such amounts shown in the Statement of Cash Flows:

	March 31,		December 31,
(in millions)	2022		2021
Cash and cash equivalents	$	309	$	362
Restricted cash reported in Other current assets		7		7
Restricted cash		58		54
Total cash, cash equivalents and restricted cash shown in    the Statement of Cash Flows	$	374	$	423

Restricted cash reported in Other current assets on the Consolidated Statement of Financial Position primarily represents amounts that support hedging activities.  

Restricted cash includes $45 million as of March 31, 2022 and December 31, 2021 representing the cash collateral required to be posted by the Company under the Letter of Credit Facility (“L/C Cash Collateral”).  In addition, Restricted cash as of March 31, 2022 and December 31, 2021 includes an escrow of $5 million and $4 million, respectively, in China to secure various ongoing obligations under the agreements for a strategic relationship with Lucky HuaGuang Graphics Co. Ltd.  Restricted cash also included $6 million and $3 million of security posted related to Brazilian legal contingencies as of March 31, 2022 and December 31, 2021, respectively.