XML 22 R7.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows From Operating Activities    
Net loss $ (205) $ (1,200)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization of intangible assets 699 807
Amortization and write-off of debt premiums, discounts and issuance costs 64 25
Asset impairments, including loss on assets held for sale 14 195
Goodwill impairments 83 469
Acquisition-related contingent consideration (2) 0
Allowances for losses on trade receivable and inventories 19 35
Deferred income taxes (99) (120)
Net gain on sale of assets (3) (23)
Adjustments to accrued legal settlements 7 532
Payments of accrued legal settlements (360) (129)
Share-based compensation 58 62
Foreign exchange loss 0 7
Gain excluded from hedge effectiveness 0 (11)
(Gain) loss on extinguishment of debt (113) 50
Payments of contingent consideration adjustments, including accretion (1) (8)
Other 4 (24)
Changes in operating assets and liabilities:    
Trade receivables 107 (48)
Inventories (138) (47)
Prepaid expenses and other current assets (48) 21
Accounts payable, accrued and other liabilities (26) 245
Net cash provided by operating activities 60 838
Cash Flows From Investing Activities    
Purchases of property, plant and equipment (98) (128)
Payments for intangible and other assets (15) (4)
Purchases of marketable securities (14) (11)
Proceeds from sale of marketable securities 13 8
Proceeds from sale of assets and businesses, net of costs to sell 0 25
Interest settlements from cross-currency swaps 0 11
Net cash used in investing activities (114) (99)
Cash Flows From Financing Activities    
Issuance of long-term debt, net of discounts 6,320 1,579
Repayments of long-term debt (7,083) (2,100)
Net proceeds from B+L initial public offering, net of costs 675 0
Payments of employee withholding taxes related to share-based awards (29) (45)
Payments of acquisition-related contingent consideration (13) (41)
Payments of financing costs (34) (38)
Other 2 14
Net cash used in financing activities (162) (631)
Effect of exchange rate changes on cash, cash equivalents and other (24) (6)
Net increase in cash, cash equivalents, restricted cash and other settlement deposits (240) 102
Cash, cash equivalents, restricted cash and other settlement deposits, beginning of period 2,119 1,816
Cash, cash equivalents, restricted cash and other settlement deposits, end of period 1,879 1,918
Cash and cash equivalents 659 642
Restricted cash and other settlement deposits 1,220 1,214
Cash and cash equivalents, held for sale 0 62
Cash, cash equivalents, restricted cash and other settlement deposits, end of period $ 1,879 $ 1,918