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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 438 $ 286
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 147 166
(Gain) loss from sale of businesses (133) 2
Deferred income taxes 309 (12)
Stock based compensation expense 23 26
Other, net (1) (3)
Changes in operating accounts excluding the effects of divestitures:    
Accounts receivable (177) (50)
Inventories (681) (386)
Accounts payable 106 54
Accrued liabilities and other (481) (7)
Net cash provided by (used in) operating activities (450) 76
Cash flows from investing activities:    
Proceeds from sale of divested business 620 0
Capital expenditures (140) (114)
Other investing activities, net 19 9
Net cash provided by (used in) investing activities 499 (105)
Cash flows from financing activities:    
Short-term debt, net 372 (1)
Payments on current portion of long-term debt (2) (94)
Payments on long-term debt 0 (6)
Repurchase of shares of common stock (325) 0
Cash dividends (195) (198)
Acquisition of noncontrolling interest 0 (4)
Equity compensation activity and other, net (35) (35)
Net cash used in financing activities (185) (338)
Exchange rate effect on cash, cash equivalents and restricted cash (3) (6)
Decrease in cash, cash equivalents and restricted cash (139) (373)
Cash, cash equivalents and restricted cash at beginning of period 477 1,021
Cash, cash equivalents and restricted cash at end of period 338 648
Supplemental disclosures:    
Restricted cash at beginning of period 37 40
Restricted cash at end of period $ 15 $ 11