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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 (FOR) OPERATING ACTIVITIES: |  |
Cash provided by operations | $ 662 | $ 610
Increase in receivables | (296) | (238)
Increase in inventories | (159) | (147)
(Decrease) increase in accounts payable and accrued liabilities, net | (33) | 14
Net cash from operating activities | 174 | 239
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES: |  |
Retirement of notes | 0 | (1,326)
Purchase of Company common stock | (914) | (750)
Cash dividends paid | (131) | (96)
Dividends paid to noncontrolling interest | 0 | (43)
Issuance of notes, net of issuance costs | 0 | 1,481
Proceeds from term loan | 500 | 0
Debt extinguishment costs | 0 | (160)
Proceeds from the exercise of stock options | 1 | 1
Employee withholding taxes paid on stock-based compensation | (17) | (14)
Decrease in debt, net | (7) | (2)
Net cash for financing activities | (568) | (909)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES: |  |
Capital expenditures | (70) | (53)
Acquisition of businesses, net of cash acquired | 0 | (1)
Proceeds from disposition of: |  |
Businesses, net of cash disposed | 0 | 5
Other financial investments | 1 | 168
Other, net | (5) | 3
Net cash (for) from investing activities | (74) | 122
Effect of exchange rate changes on cash and cash investments | (18) | (9)
CASH AND CASH INVESTMENTS: |  |
Decrease for the period | (486) | (557)
At January 1 | 926 | 1,326
At June 30 | $ 440 | $ 769

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