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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net (loss) income $ (40) $ 127
Adjustments to reconcile to net cash provided by operating activities    
Depreciation and amortization 242 81
Deferred income taxes (86) 2
Losses on sale of assets 0 1
Stock-based compensation 11 9
Pension contributions (9) (5)
Changes in assets and liabilities, net of acquisitions:    
Trade receivables (175) (133)
Inventories 118 (1)
Accounts payable 250 (32)
Accruals for incentive compensation (22) (19)
Other current payables and accrued expenses 48 (65)
Other assets 229 42
Other liabilities (208) 10
Net cash provided by operating activities 358 17
Cash flows from investing activities:    
Additions to property, plant and equipment (93) (49)
Proceeds from life insurance contracts 0 2
Proceeds from disposal of assets 1 4
Cash acquired 207 0
Net cash provided by (used in) investing activities 115 (43)
Cash flows from financing activities:    
Cash dividends paid to shareholders (82) (80)
Decrease in revolving credit facility and short-term borrowings (104) 0
Repayments on debt (12) (12)
Contingent consideration paid (14) 0
Purchases of redeemable noncontrolling interest 0 (14)
Proceeds from issuance of stock in connection with stock options 3 0
Employee withholding taxes paid (6) (1)
Net cash used in financing activities (215) (107)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (37) (43)
Net change in cash, cash equivalents and restricted cash 221 (176)
Cash, cash equivalents and restricted cash at beginning of year 660 624
Cash, cash equivalents and restricted cash at end of period 881 448
Supplemental Disclosures:    
Interest paid, net of amounts capitalized 42 42
Income taxes paid 36 33
Accrued capital expenditures $ 21 $ 19