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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 operating activities:    
Net income $ 234 $ 89
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 76 86
Gain from sale of business (130) 0
Deferred income taxes 326 1
Stock based compensation expense 14 14
Other, net (2) 0
Changes in operating accounts excluding the effects of divestiture:    
Accounts receivable 14 122
Inventories (403) (283)
Accounts payable 25 (18)
Accrued liabilities and other (426) (36)
Net cash used in operating activities (272) (25)
Cash flows from investing activities:    
Proceeds from sale of divested business 620 0
Capital expenditures (70) (54)
Other investing activities, net 9 0
Net cash provided by (used in) investing activities 559 (54)
Cash flows from financing activities:    
Payments on current portion of long-term debt (1) (94)
Payments on long-term debt 0 (6)
Repurchase of shares of common stock (275) 0
Cash dividends (100) (100)
Equity compensation activity and other, net (17) (39)
Net cash used in financing activities (393) (239)
Exchange rate effect on cash, cash equivalents and restricted cash 8 (14)
Decrease in cash, cash equivalents and restricted cash (98) (332)
Cash, cash equivalents and restricted cash at beginning of period 477 1,021
Cash, cash equivalents and restricted cash at end of period 379 689
Supplemental disclosures:    
Restricted cash at beginning of period 37 40
Restricted cash at end of period $ 35 $ 7