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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM (FOR) OPERATING ACTIVITIES:      
Net income $ 478 $ 1,276 $ 980
Depreciation and amortization 151 133 159
Contingent consideration 16 0 0
Display amortization 0 2 12
Deferred income taxes (68) (3) (41)
Employee withholding taxes paid on stock-based compensation 15 25 23
Gain on disposition of investments, net (25) (3) (1)
Loss (gain) on disposition of businesses, net 18 (602) (298)
Pension and other post-retirement benefits 312 (32) (45)
Impairment of goodwill and other intangible assets 45 0 16
Stock-based compensation 61 45 35
Dividends paid-in-kind (6) (10) 0
Increase in receivables (64) (141) (37)
(Increase) decrease in inventories (350) (89) 58
Increase (decrease) in accounts payable and accrued liabilities, net 190 332 (27)
Debt extinguishment costs 160 5 2
Other, net (3) 15 (3)
Net cash from operating activities 930 953 833
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES:      
Retirement of notes (1,326) (400) (201)
Purchase of Company common stock (1,026) (727) (896)
Cash dividends paid (211) (145) (144)
Dividends paid to noncontrolling interest (43) (23) (42)
Issuance of notes, net of issuance costs 1,481 415 0
Debt extinguishment costs (160) (5) (2)
Proceeds from the exercise of stock options 5 26 27
Employee withholding taxes paid on stock-based compensation (15) (25) (23)
Payment of debt (3) (2) (8)
Credit Agreement and other financing costs 0 0 (2)
Net cash for financing activities (1,298) (886) (1,291)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES:      
Capital expenditures (128) (114) (162)
Acquisition of businesses, net of cash acquired (57) (227) 0
Proceeds from disposition of:      
Businesses, net of cash disposed 5 870 722
Property and equipment 0 1 34
Financial investments 171 3 1
Other, net (3) (2) (13)
Net cash (for) from investing activities (12) 531 582
Effect of exchange rate changes on cash and cash investments (20) 31 14
CASH AND CASH INVESTMENTS:      
(Decrease) increase for the year (400) 629 138
At January 1 1,326 697 559
At December 31 $ 926 $ 1,326 $ 697