XML 25 R7.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income (loss) $ 197 $ 622 $ (766)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 296 325 357
Impairment of goodwill, intangibles and other assets 474 60 1,503
(Gain) loss from sale of businesses, net (136) (4) 9
Deferred income taxes 97 (24) (260)
Stock based compensation expense 12 52 41
Pension settlement charge 0 0 53
Loss on extinguishment of debt 1 5 20
Other, net 2 (2) 1
Changes in operating accounts excluding the effects of divestitures:      
Accounts receivable 130 130 168
Inventories (276) (463) (34)
Accounts payable (536) 177 415
Accrued liabilities and other (533) 6 (75)
Net cash provided by (used in) operating activities (272) 884 1,432
Cash flows from investing activities:      
Proceeds from sale of divested businesses 617 0 16
Capital expenditures (312) (289) (259)
Other investing activities 38 21 15
Net cash provided by (used in) investing activities 343 (268) (228)
Cash flows from financing activities:      
Proceeds from (payments of) short-term debt, net 619 0 (26)
Net proceeds from issuance of debt 989 0 491
Payments on current portion of long-term debt (1,091) (698) (305)
Payments on long-term debt 0 (6) (320)
Debt extinguishment costs 0 (5) (18)
Repurchase of shares of common stock (325) 0 0
Cash dividends (385) (394) (392)
Acquisition of noncontrolling interests 0 (28) 0
Equity compensation activity and other, net (39) (12) 11
Net cash used in financing activities (232) (1,143) (559)
Exchange rate effect on cash, cash equivalents and restricted cash (13) (17) 5
Increase (decrease) in cash, cash equivalents and restricted cash (174) (544) 650
Cash, cash equivalents and restricted cash at beginning of period 477 1,021 371
Cash, cash equivalents and restricted cash at end of period 303 477 1,021
Supplemental disclosures:      
Restricted cash at beginning of period 37 40 22
Restricted cash at end of period 16 37 40
Cash paid for income taxes, net of refunds 172 165 106
Cash paid for interest $ 244 $ 271 $ 281