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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ (84) $ 427
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 159 147
Impairment of goodwill, intangibles and other assets 11 0
Gain from sale of business 0 (133)
Deferred income taxes 4 312
Stock based compensation expense 20 23
Pension settlement charge 5 0
Other, net (7) (1)
Changes in operating accounts excluding the effects of divestiture:    
Accounts receivable (14) (177)
Inventories 282 (692)
Accounts payable (54) 106
Accrued liabilities and other (45) (462)
Net cash provided by (used in) operating activities 277 (450)
Cash flows from investing activities:    
Proceeds from sale of divested business 0 620
Capital expenditures (142) (140)
Other investing activities, net 48 19
Net cash provided by (used in) investing activities (94) 499
Cash flows from financing activities:    
Short-term debt, net (23) 372
Payments on current portion of long-term debt (1) (2)
Repurchase of shares of common stock 0 (325)
Cash dividends (126) (195)
Equity compensation activity and other, net (8) (35)
Net cash used in financing activities (158) (185)
Exchange rate effect on cash, cash equivalents and restricted cash 2 (3)
Increase (decrease) in cash, cash equivalents and restricted cash 27 (139)
Cash, cash equivalents and restricted cash at beginning of period 303 477
Cash, cash equivalents and restricted cash at end of period 330 338
Supplemental disclosures:    
Restricted cash at beginning of period 16 37
Restricted cash at end of period $ 13 $ 15