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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income $ 194 $ 200
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 56 59
Amortization 62 65
Share-based compensation 18 17
Restructuring and asset impairment charges 7 9
Gain from sale of business 1 2
Other, net 6 6
Payments for restructuring (5) (18)
Changes in assets and liabilities (net of acquisitions):    
Changes in receivables (119) (66)
Changes in inventories (189) (89)
Changes in accounts payable 40 36
Other, net (37) (11)
Net Cash – Operating activities 32 206
Investing Activities    
Capital expenditures (95) (80)
Proceeds from sale of business 1 2
Proceeds from the sale of property, plant and equipment 3 0
Cash received from investments 4 0
Cash paid for investments (7) 0
Other, net 10 9
Net Cash – Investing activities (84) (69)
Financing Activities    
Repurchase of common stock (52) (68)
Proceeds from exercise of employee stock options 3 9
Dividends paid (110) (102)
Other, net 1 (1)
Net Cash – Financing activities (158) (162)
Effect of exchange rate changes on cash (26) (10)
Net change in cash and cash equivalents (236) (35)
Cash and cash equivalents at beginning of year 1,349 1,875
Cash and cash equivalents at end of period 1,113 1,840
Cash paid during the period for:    
Interest 40 58
Income taxes (net of refunds received) $ 42 $ 60