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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (757) $ (682)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Depreciation and amortization 551 570
Loss on assets held for sale 426 0
Loss on equity securities 112 815
Property, plant and equipment impairment, net 41 22
Inventory impairment 31 0
Changes in operating assets and liabilities:    
Current receivables (360) 267
Inventories (408) 119
Accounts payable 185 71
Progress collections and deferred income 624 2
Contract and other deferred assets (122) 112
Other operating items, net 70 (112)
Net cash flows from operating activities 393 1,184
Cash flows from investing activities:    
Expenditures for capital assets (494) (392)
Proceeds from disposal of assets 143 91
Other investing items, net (79) 171
Net cash flows used in investing activities (430) (130)
Cash flows from financing activities:    
Net repayments of debt and other borrowings (15) (45)
Repayment of commercial paper 0 (832)
Dividends paid (354) (280)
Distributions to GE (15) (95)
Repurchase of Class A common stock (462) 0
Other financing items, net (22) (33)
Net cash flows used in financing activities (868) (1,285)
Effect of currency exchange rate changes on cash and cash equivalents (20) 12
Decrease in cash and cash equivalents (925) (219)
Cash and cash equivalents, beginning of period 3,853 4,132
Cash and cash equivalents, end of period 2,928 3,913
Supplemental cash flows disclosures:    
Income taxes paid, net of refunds 282 48
Interest paid $ 140 $ 157