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Statement of Consolidated Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities    
Net income $ 80 $ 215
Adjustments to reconcile net income to cash used for operations:    
Depreciation and amortization 68 129
Deferred income taxes 10 19
Restructuring and other charges 9 21
Net loss from investing activities—asset sales 3 2
Net periodic pension benefit cost 4 26
Stock-based compensation 6 13
Other 14 25
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:    
Increase in receivables (144) (210)
Decrease (increase) in inventories 20 (136)
Decrease (increase) in prepaid expenses and other current assets 23 (2)
Increase (decrease) in accounts payable, trade 26 (132)
Decrease in accrued expenses (92) (173)
Increase in taxes, including income taxes 12 90
Pension contributions (29) (56)
Increase in noncurrent assets (2) 0
Decrease in noncurrent liabilities (14) (39)
Cash used for operations (6) (208)
Financing Activities    
Net change in short-term borrowings (original maturities of three months or less) (2) 2
Additions to debt (original maturities greater than three months) 0 1,200
Payments on debt (original maturities greater than three months) (361) 0
Debt issuance costs (1) (45)
Proceeds from exercise of employee stock options 8 30
Dividends paid to shareholders 0 (9)
Other (12) (33)
Cash (used for) provided from financing activities (368) 1,145
Investing Activities    
Capital expenditures (55) (152)
Proceeds from the sale of assets and businesses 0 114
Cash receipts from sold receivables 57 48
Other 1 1
Cash provided from investing activities 3 11
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1) (8)
Net change in cash, cash equivalents and restricted cash (372) 940
Cash, cash equivalents and restricted cash at beginning of period 1,611 1,703
Cash, cash equivalents and restricted cash at end of period $ 1,239 $ 2,643