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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM (FOR) OPERATING ACTIVITIES:    
Cash provided by operations $ 334 $ 323
Increase in receivables (349) (195)
Increase in inventories (127) (78)
Decrease in accounts payable and accrued liabilities, net (85) (139)
Net cash for operating activities (227) (89)
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES:    
Retirement of notes 0 (1,326)
Purchase of Company common stock (364) (303)
Proceeds from revolving credit borrowings, net 263 0
Cash dividends paid (67) (36)
Issuance of notes, net of issuance costs 0 1,481
Debt extinguishment costs 0 (160)
Proceeds from the exercise of stock options 1 0
Employee withholding taxes paid on stock-based compensation (17) (14)
Decrease in debt, net (3) (1)
Net cash for financing activities (187) (359)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES:    
Capital expenditures (27) (30)
Businesses, net of cash disposed 2 0
Other financial investments 0 1
Other, net (1) 4
Net cash for investing activities (26) (25)
Effect of exchange rate changes on cash and cash investments (7) (13)
CASH AND CASH INVESTMENTS:    
Decrease for the period (447) (486)
At January 1 926 1,326
At March 31 $ 479 $ 840