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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net (loss) income $ (83,000,000) $ 263,000,000 $ (1,011,000,000)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 142,000,000 133,000,000 133,000,000
Amortization of intangible assets 192,000,000 190,000,000 198,000,000
Amortization of deferred financing costs 5,000,000 3,000,000 3,000,000
Fixed asset impairment 3,000,000 33,000,000 0
Goodwill impairment 157,000,000 0 1,086,000,000
Indefinite-lived intangible asset impairment 39,000,000 5,000,000 179,000,000
Definite-lived intangible asset impairment 0 4,000,000 0
Deferred income taxes (64,000,000) (37,000,000) (62,000,000)
Stock based compensation expense 47,000,000 66,000,000 21,000,000
Restructuring and other costs - non-cash 10,000,000 16,000,000 23,000,000
Gain on sale of equity security 0 0 (44,000,000)
Other non-cash (income) expense (14,000,000) (20,000,000) 3,000,000
Loss on disposal of property, plant and equipment 1,000,000 4,000,000 5,000,000
Gain on divestiture of noncontrolling interest 0 (9,000,000) 0
Loss on sale on non-strategic businesses and product lines 1,000,000 2,000,000 0
Changes in operating assets and liabilities, net of acquisitions:      
Accounts and notes receivable-trade, net 126,000,000 (91,000,000) 24,000,000
Inventories, net 124,000,000 14,000,000 (20,000,000)
Prepaid expenses and other current assets, net 42,000,000 13,000,000 (27,000,000)
Other noncurrent assets, net 1,000,000 (9,000,000) (13,000,000)
Accounts payable (23,000,000) 26,000,000 7,000,000
Accrued liabilities (17,000,000) 45,000,000 0
Income taxes (39,000,000) (16,000,000) 12,000,000
Other noncurrent liabilities (15,000,000) (2,000,000) (17,000,000)
Net cash provided by operating activities 635,000,000 633,000,000 500,000,000
Cash flows from investing activities:      
Cash paid for acquisitions of businesses and equity investments, net of cash acquired (1,078,000,000) (3,000,000) (130,000,000)
Cash received on sale of non-strategic businesses or product lines 1,000,000 11,000,000 0
Purchases of short term investments 0 0 (4,000,000)
Liquidation of short term investments 0 1,000,000 0
Capital expenditures (87,000,000) (123,000,000) (183,000,000)
Cash received on derivative contracts 58,000,000 40,000,000 8,000,000
Cash paid on derivative contracts (1,000,000) 0 (2,000,000)
Expenditures for identifiable intangible assets 0 0 (5,000,000)
Proceeds from the sale of equity security 0 0 54,000,000
Proceeds from sale of property, plant and equipment, net 1,000,000 5,000,000 9,000,000
Net cash used in investing activities (1,106,000,000) (69,000,000) (253,000,000)
Cash flows from financing activities:      
Proceeds from long-term borrowings, net of deferred financing costs 1,448,000,000 120,000,000 0
Cash paid for deferred financing costs (6,000,000) (1,000,000) 0
Repayments on long-term borrowings, net (701,000,000) (251,000,000) (9,000,000)
Net borrowings (repayments) on short-term borrowings 2,000,000 (69,000,000) 60,000,000
Payments on terminated derivative instruments (30,000,000) 0 0
Proceeds from exercised stock options 11,000,000 109,000,000 28,000,000
Cash paid for acquisition of noncontrolling interests of consolidated subsidiaries (2,000,000) 0 0
Cash paid for contingent consideration on prior acquisitions (4,000,000) (33,000,000) 0
Cash paid for treasury stock (140,000,000) (260,000,000) (250,000,000)
Cash dividends paid (88,000,000) (81,000,000) (79,000,000)
Net cash provided by (used in) financing activities 490,000,000 (466,000,000) (250,000,000)
Effect of exchange rate changes on cash and cash equivalents 14,000,000 (3,000,000) (8,000,000)
Net increase (decrease) in cash and cash equivalents 33,000,000 95,000,000 (11,000,000)
Cash and cash equivalents at beginning of period 405,000,000 310,000,000 321,000,000
Cash and cash equivalents at end of period 438,000,000 405,000,000 310,000,000
Supplemental disclosures of cash flow information:      
Interest paid, net of amounts capitalized 45,000,000 30,000,000 35,000,000
Income taxes paid, net of refunds 82,000,000 112,000,000 105,000,000
Non-cash investing activities:      
Property, plant and equipment in accounts payable at end of period 14,000,000 14,000,000 15,000,000
Exchange of inventory for naming rights $ 4,000,000 $ 3,000,000 $ 0