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Statement of Consolidated Cash Flows (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net income $ 358 $ 181
Adjustments to reconcile net income to cash provided from operations:    
Depreciation and amortization 198 203
Deferred income taxes 58 24
Restructuring and other charges 12 22
Net realized and unrealized losses 12 7
Net periodic pension cost (E) 17 13
Stock-based compensation 43 28
Loss on debt redemption 2 141
Other 26 28
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:    
Increase in receivables (J) (246) (382)
(Increase) decrease in inventories (271) 49
Decrease in prepaid expenses and other current assets 5 6
Increase in accounts payable, trade 130 63
Increase (decrease) in accrued expenses 18 (121)
Decrease in taxes, including income taxes (1) (15)
Pension contributions (34) (68)
Increase in noncurrent assets (5) (1)
Decrease in noncurrent liabilities (44) (32)
Cash provided from operations 278 146
Financing Activities    
Net change in short-term borrowings (original maturities of three months or less) (4) 0
Additions to debt (original maturities greater than three months) (N) 0 700
Payments on debt (original maturities greater than three months) (N) (60) (1,491)
Debt issuance costs (N) 0 (11)
Premiums paid on early redemption of debt (N) (2) (133)
Repurchase of common stock (335) (225)
Proceeds from exercise of employee stock options 14 17
Dividends paid to shareholders (27) (11)
Other (23) (20)
Cash used for financing activities (437) (1,174)
Investing Activities    
Capital expenditures (C) (148) (138)
Proceeds from the sale of assets and businesses 42 8
Sale of debt securities 0 5
Cash receipts from sold receivables (J) 0 267
Other 0 2
Cash (used for) provided from investing activities (106) 144
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3) (1)
Net change in cash, cash equivalents and restricted cash (268) (885)
Cash, cash equivalents and restricted cash at beginning of period 722 1,611
Cash, cash equivalents and restricted cash at end of period $ 454 $ 726