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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income (loss) $ (770) $ 107 $ (6,942)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 357 446 434
Impairment of goodwill, intangibles and other assets 1,503 1,335 9,801
(Gain) loss from sale of businesses, net 9 (7) (833)
Deferred income taxes (261) (1,068) (1,585)
Stock based compensation expense 41 42 76
Pension settlement charge 53 1 2
Loss on extinguishment of debt 20 28 4
Loss on change in fair value of investments 0 21 0
Other, net 1 4 3
Changes in operating accounts excluding the effects of divestitures:      
Accounts receivable 168 311 162
Inventories (29) 131 126
Accounts payable 415 (109) (309)
Accrued liabilities and other (75) (198) (259)
Net cash provided by operating activities 1,432 1,044 680
Cash flows from investing activities:      
Proceeds from sale of divested businesses 16 996 5,133
Capital expenditures (259) (265) (384)
Other investing activities 15 5 58
Net cash provided by (used in) investing activities (228) 736 4,807
Cash flows from financing activities:      
Net short term debt (26) (26) (904)
Net proceeds from issuance of debt 491 0 0
Payments on current portion of long-term debt (305) (268) 0
Payments on long-term debt (320) (1,004) (2,580)
Debt extinguishment and issuance costs (18) (39) (10)
Repurchase of shares of common stock 0 0 (1,507)
Cash dividends (392) (391) (435)
Payments to dissenting shareholders 0 (171) 0
Equity compensation activity and other, net 11 (5) (18)
Net cash used in financing activities (559) (1,904) (5,454)
Exchange rate effect on cash, cash equivalents and restricted cash 5 (1) (23)
Increase (decrease) in cash, cash equivalents and restricted cash 650 (125) 10
Cash, cash equivalents and restricted cash at beginning of period 371 496 486
Cash, cash equivalents and restricted cash at end of period 1,021 371 496
Supplemental disclosures:      
Restricted cash at beginning of period 22 0 0
Restricted cash at end of period 40 22 0
Cash paid for income taxes, net of refunds 106 156 292
Cash paid for interest 281 304 458
Net cash provided by (used in) discontinued operating activities 0 (46) 123
Net cash provided by discontinued investing activities 0 978 5,015
Capital expenditures for discontinued operations $ 0 $ 17 $ 121