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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 469 $ 476
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 222 244
Impairment of goodwill, intangibles and other assets 148 0
(Gain) loss from sale of businesses (136) 2
Deferred income taxes 211 (17)
Stock based compensation expense 8 37
Other, net (2) (1)
Changes in operating accounts excluding the effects of divestitures:    
Accounts receivable (165) (44)
Inventories (738) (488)
Accounts payable (143) 194
Accrued liabilities and other (441) 87
Net cash provided by (used in) operating activities (567) 490
Cash flows from investing activities:    
Proceeds from sale of divested business 616 0
Capital expenditures (221) (181)
Other investing activities, net 25 1
Net cash provided by (used in) investing activities 420 (180)
Cash flows from financing activities:    
Net proceeds from issuance of long-term debt 990 0
Payments on current portion of long-term debt (2) (447)
Payments on long-term debt 0 (6)
Repurchase of shares of common stock (325) 0
Cash dividends (290) (296)
Acquisition of noncontrolling interests 0 (26)
Equity compensation activity and other, net (29) (25)
Net cash provided by (used in) financing activities 344 (800)
Exchange rate effect on cash, cash equivalents and restricted cash (13) (14)
Increase (decrease) in cash, cash equivalents and restricted cash 184 (504)
Cash, cash equivalents and restricted cash at beginning of period 477 1,021
Cash, cash equivalents and restricted cash at end of period 661 517
Supplemental disclosures:    
Restricted cash at beginning of period 37 40
Restricted cash at end of period $ 25 $ 23