XML 104 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM (FOR) OPERATING ACTIVITIES:      
Net income (loss) $ 980 $ 784 $ 580
Depreciation and amortization 159 156 127
Display amortization 12 21 25
Deferred income taxes (41) 4 13
Employee withholding taxes paid on stock-based compensation 23 42 33
Gain on disposition of investments, net (1) (4) (4)
(Gain) loss on disposition of businesses, net (298) 0 13
Pension and other postretirement benefits (45) (47) (38)
Impairment of financial investments 0 0 2
Impairment of goodwill and other intangible assets 16 0 0
Stock-based compensation 35 27 38
Increase in receivables (37) (46) (140)
Decrease (increase) in inventories 58 (11) (78)
(Decrease) increase in accounts payable and accrued liabilities, net (27) 108 67
Debt extinguishment costs 2 0 104
Other, net (3) (2) 9
Net cash from operating activities 833 1,032 751
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES:      
Retirement of notes (201) (114) (535)
Purchase of Company common stock (896) (654) (331)
Cash dividends paid (144) (134) (129)
Dividends paid to noncontrolling interest (42) (89) (35)
Issuance of notes, net of issuance costs 0 0 593
Debt extinguishment costs (2) 0 (104)
Increase in debt 0 0 2
Proceeds from the exercise of stock options 27 14 0
Employee withholding taxes paid on stock-based compensation 23 42 33
Payment of debt (8) (1) (5)
Credit Agreement and other financing costs 2 0 0
Net cash for financing activities (1,291) (1,020) (577)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES:      
Capital expenditures (162) (219) (173)
Acquisition of businesses, net of cash acquired 0 (549) (89)
Proceeds from disposition of:      
Businesses, net of cash disposed 722 0 128
Short-term bank deposits 0 108 218
Property and equipment 34 14 24
Other financial investments 1 5 7
Purchases of short-term bank deposits 0 0 (106)
Other, net (13) (10) (34)
Net cash from (for) investing activities 582 (651) (25)
Effect of exchange rate changes on cash and cash investments 14 4 55
CASH AND CASH INVESTMENTS:      
Increase (decrease) for the year 138 (635) 204
At January 1 559 1,194 990
At December 31 $ 697 $ 559 $ 1,194