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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ (766) $ (666)
Adjustments to reconcile net loss to net cash flows from operating activities:    
Depreciation and amortization 806 832
Loss on assets held for sale 426 0
Loss on equity securities 164 955
Property, plant and equipment impairment, net 168 21
Inventory impairment 31 0
Changes in operating assets and liabilities:    
Current receivables (415) 308
Inventories (626) 151
Accounts payable 263 (10)
Progress collections and deferred income 705 (157)
Contract and other deferred assets (151) 178
Other operating items, net 385 (12)
Net cash flows from operating activities 990 1,600
Cash flows from investing activities:    
Expenditures for capital assets (720) (590)
Proceeds from disposal of assets 189 178
Other investing items, net (49) 200
Net cash flows used in investing activities (580) (212)
Cash flows from financing activities:    
Net repayments of debt and other borrowings (22) (60)
Repayment of commercial paper 0 (832)
Dividends paid (536) (436)
Distributions to GE (16) (127)
Repurchase of Class A common stock (727) (106)
Other financing items, net 4 (24)
Net cash flows used in financing activities (1,297) (1,585)
Effect of currency exchange rate changes on cash and cash equivalents (115) (9)
Decrease in cash and cash equivalents (1,002) (206)
Cash and cash equivalents, beginning of period 3,853 4,132
Cash and cash equivalents, end of period 2,851 3,926
Supplemental cash flows disclosures:    
Income taxes paid, net of refunds 395 181
Interest paid $ 190 $ 204