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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows From Operating Activities    
Net loss $ (77) $ (209)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization of intangible assets 320 319
Amortization and write-off of debt premiums, discounts and issuance costs 14 11
Asset impairments 1 13
Acquisition-related contingent consideration (2) 31
Allowances for losses on trade receivable and inventories 15 10
Deferred income taxes (57) 0
Net gain on sale of assets (4) 0
Adjustments to accrued legal settlements 6 1
Payments of accrued legal settlements (3) (1)
Share-based compensation 33 41
Gain excluded from hedge effectiveness (3) (3)
Gain on extinguishment of debt (11) 0
Third party fees paid in connection with the Exchange Offer 0 (2)
Payments of contingent consideration adjustments, including accretion (2) (1)
Amortization of interim contract and inventory step-up resulting from acquisitions 20 0
Foreign exchange and other (4) 5
Changes in operating assets and liabilities:    
Trade receivables (63) 108
Inventories (144) (128)
Prepaid expenses and other current assets 121 (33)
Accounts payable, accrued and other liabilities 51 (8)
Net cash provided by operating activities 211 154
Cash Flows From Investing Activities    
Acquisitions and other investments 0 (31)
Purchases of property, plant and equipment (82) (47)
Acquisition of intangible assets and other assets (1) (4)
Purchases of marketable securities (3) (13)
Proceeds from sale of marketable securities 6 11
Proceeds from sale of assets and businesses, net of costs to sell 1 0
Interest settlements from cross-currency swaps 6 6
Net cash used in investing activities (73) (78)
Cash Flows From Financing Activities    
Issuance of long-term debt, net of discounts 75 155
Repayments of long-term debt (390) (279)
Payments of employee withholding taxes related to share-based awards (14) (12)
Payments of acquisition-related contingent consideration (7) (7)
Payments of financing costs (4) 0
Other 0 1
Net cash used in financing activities (340) (142)
Effect of exchange rate changes on cash, cash equivalents and other (5) 6
Net decrease in cash, cash equivalents, restricted cash and other settlement deposits (207) (60)
Cash, cash equivalents, restricted cash and other settlement deposits, beginning of period 962 591
Cash, cash equivalents and restricted cash, end of period 755 531
Cash and cash equivalents 733 518
Restricted cash 22 13
Cash, cash equivalents and restricted cash, end of period $ 755 $ 531