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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net (loss) income $ (10) $ 215
Adjustments to reconcile to net cash provided by operating activities    
Depreciation and amortization 564 161
Deferred income taxes (137) (8)
Losses on sale of assets 0 1
Stock-based compensation 27 19
Pension contributions (12) (14)
Amortization of inventory step-up 377 0
Changes in assets and liabilities, net of acquisitions:    
Trade receivables (205) (132)
Inventories (130) (67)
Accounts payable 250 62
Accruals for incentive compensation 7 7
Other current payables and accrued expenses 32 (30)
Other assets/liabilities, net (65) (6)
Net cash provided by operating activities 698 208
Cash flows from investing activities:    
Additions to property, plant and equipment (165) (80)
Proceeds from life insurance contracts 0 2
Proceeds from disposal of assets 2 1
Cash acquired 193 0
Net cash provided by (used in) investing activities 30 (77)
Cash flows from financing activities:    
Cash dividends paid to shareholders (274) (160)
Decrease in revolving credit facility and short-term borrowings (104) (1)
Repayments on debt (24) (23)
Proceeds from issuance of long-term debt 3 0
Contingent consideration paid (14) (1)
Purchases of redeemable noncontrolling interest 0 (22)
Proceeds from issuance of stock in connection with stock options 5 0
Employee withholding taxes paid (19) (8)
Net cash used in financing activities (427) (215)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (18) (28)
Net change in cash, cash equivalents and restricted cash 283 (112)
Cash, cash equivalents and restricted cash at beginning of year 660 624
Cash, cash equivalents and restricted cash at end of period 943 512
Supplemental Disclosures:    
Interest paid, net of amounts capitalized 160 57
Income taxes paid 134 58
Accrued capital expenditures $ 36 $ 29