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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 544 $ 421 $ 17
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 175 175 263
Investment (gain) loss (3) (10) 1
Amortization of debt issuance costs and discounts 6 15 38
Share-based compensation 48 45 35
Debt extinguishment costs 1 1 65
Deferred income taxes (42) 2 (9)
Unrealized loss (gain) on forward interest rate swaps 19 (8) (2)
Other, net 0 4 4
Changes in operating assets and liabilities:      
Accounts receivable, net (96) (31) 161
Inventories, net 51 (43) (110)
Other assets (20) (12) 16
Accounts payable (5) 122 (49)
Accrued liabilities (18) 35 13
Deferred revenue 71 51 17
Income taxes (31) 24 26
Other operating activities (15) (6) (8)
Net cash provided by operating activities 685 785 478
Cash flows from investing activities:      
Acquisition of businesses, net of cash acquired (262) (72) 0
Purchases of property, plant and equipment (61) (64) (50)
Proceeds from the sale of long-term investments 10 2 0
Purchases of long-term investments (22) (3) (1)
Net cash used in investing activities (335) (137) (51)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 637 909 1,371
Payments of long term-debt (949) (1,566) (1,825)
Payments of debt extinguishment costs (1) (1) (65)
Payments of debt issuance costs and discounts (6) (2) (5)
Payments for repurchases of common stock (47) 0 0
Payments of taxes related to net settlements of equity awards, net of proceeds from exercise of stock options and stock purchase plan purchases (32) (1) 7
Unremitted cash collections from servicing factored receivables 33 0 0
Net cash used in financing activities (365) (661) (517)
Effect of exchange rate changes on cash 1 (5) (4)
Net decrease in cash and cash equivalents (14) (18) (94)
Cash and cash equivalents at beginning of year 44 62 156
Cash and cash equivalents at end of year 30 44 62
Supplemental disclosures of cash flow information:      
Income taxes paid 140 76 65
Interest paid $ 63 $ 90 $ 195