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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities of continuing operations    
Net income $ 47 $ 629
Income (loss) from discontinued operations, net of taxes (1) 501
Income from continuing operations 48 128
Adjustments to reconcile income from continuing operations to net cash from operating activities    
Depreciation, amortization and net lease activity 208 190
Stock compensation expense 41 14
Accretion of debt 7 8
Deferred tax expense (benefit) (6) 22
Gains on sales of property and equipment (5) (2)
Other 39 37
Changes in assets and liabilities    
Accounts receivable (64) (241)
Other assets (31) (38)
Accounts payable (57) 72
Accrued expenses and other liabilities 27 167
Net cash provided by operating activities from continuing operations 207 357
Cash flows from investing activities of continuing operations    
Payment for purchases of property and equipment (355) (242)
Proceeds from sale of property and equipment 13 7
Proceeds from settlement of cross currency swaps 0 19
Net cash used in investing activities from continuing operations (342) (216)
Cash flows from financing activities of continuing operations    
Proceeds from issuance of debt 1,977 0
Repurchase of debt (2,003) (651)
Proceeds from borrowings on ABL facility 0 275
Repayment of borrowings on ABL facility 0 (275)
Repayment of debt and finance leases (35) (32)
Payment for debt issuance costs (15) 0
Change in bank overdrafts 51 25
Payment for tax withholdings for restricted shares (12) (13)
Other 1 (2)
Net cash used in financing activities from continuing operations (36) (673)
Cash flows from discontinued operations    
Operating activities of discontinued operations (8) 39
Investing activities of discontinued operations 1 680
Net cash provided by (used in) discontinued operations (7) 719
Effect of exchange rates on cash, cash equivalents and restricted cash 5 (14)
Net increase (decrease) in cash, cash equivalents and restricted cash (173) 173
Cash, cash equivalents and restricted cash, beginning of period 470 273
Cash, cash equivalents and restricted cash, end of period 297 446
Less: Cash, cash equivalents and restricted cash of discontinued operations, end of period 0 212
Cash, cash equivalents and restricted cash of continued operations, end of period 297 234
Supplemental disclosure of cash flow information    
Leased assets obtained in exchange for new operating lease liabilities 46 72
Leased assets obtained in exchange for new finance lease liabilities 36 10
Cash paid for interest 90 73
Cash paid for income taxes $ 18 $ 71