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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 earnings (loss) $ 283 $ (17) $ 246
Adjustments to reconcile net earnings (loss) to cash from operating activities:      
Depreciation and amortization 138 134 118
Deferred income taxes (55) (20) 39
Mandatory deemed repatriation tax (11) 14 112
Loss from affiliates 41 44 7
Dividends received from affiliates 10 23 24
Other investment loss (income), net (225) 152 (177)
Other, net 7 5 (9)
Changes in assets and liabilities, net of acquisitions:      
Receivables, net of allowance (84) (58) (12)
Inventories (152) (34) (21)
Prepaid expenses 5 31 (51)
Other assets 22 13 (8)
Current liabilities, exclusive of debt 192 (49) (23)
Net cash from operating activities 171 238 245
Cash flows from investing activities:      
Purchase of short-term investments (1,026) (1,130) (767)
Proceeds from the sale of short-term investments 973 1,191 606
Proceeds from the maturity of short-term investments 185 53 59
Capital expenditures (349) (162) (173)
Proceeds from the sale of non-consolidated affiliate 24    
Acquisition of businesses (7) (264) (54)
Investments in and advances to affiliates, net (21) (26) (87)
Principal payments received on notes receivable from affiliates 8 4 167
Purchase of long-term investments (38) (21) (12)
Other, net (2) 6 (5)
Net cash from investing activities (253) (349) (266)
Cash flows from financing activities:      
Lines of credit, net 34   45
Proceeds from long-term debt 43 251 38
Principal payments of long-term debt (35) (46) (17)
Repurchase of common stock (17) (5)  
Dividends paid (10) (7) (7)
Other, net (4) (3) (1)
Net cash from financing activities 11 190 58
Effect of exchange rate changes on cash and cash equivalents 2 (1) 2
Net change in cash and cash equivalents (69) 78 39
Cash and cash equivalents at beginning of year 194 116 77
Cash and cash equivalents at end of year 125 194 116
Cash paid during the period for:      
Interest, net of interest capitalized 36 43 30
Income taxes, net of refunds $ 31 $ 35 $ 32