XML 19 R7.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM (FOR) OPERATING ACTIVITIES:      
Net income $ 905 $ 478 $ 1,276
Depreciation and amortization 145 151 133
Fair value adjustment to contingent earnout obligation (24) 16 0
Display amortization 0 0 2
Deferred income taxes (15) (68) (3)
Employee withholding taxes paid on stock-based compensation 17 15 25
Loss (gain) on investments, net 5 (25) (3)
Loss (gain) on disposition of businesses, net 1 18 (602)
Pension and other post-retirement benefits (3) 312 (32)
Impairment of goodwill and other intangible assets 26 45 0
Stock-based compensation 49 61 45
Dividends paid-in-kind 0 (6) (10)
Increase in receivables (15) (64) (141)
Increase in inventories (43) (350) (89)
(Decrease) increase in accounts payable and accrued liabilities, net (225) 190 332
Debt extinguishment costs 0 160 5
Other, net 17 (3) 15
Net cash from operating activities 840 930 953
CASH FLOWS FROM (FOR) FINANCING ACTIVITIES:      
Retirement of notes 0 (1,326) (400)
Purchase of Company common stock (914) (1,026) (727)
Cash dividends paid (258) (211) (145)
Dividends paid to noncontrolling interest (68) (43) (23)
Issuance of notes, net of issuance costs 0 1,481 415
Proceeds from term loan 500 0 0
Payment of term loan 300 0 0
Debt extinguishment costs 0 (160) (5)
Proceeds from the exercise of stock options 1 5 26
Employee withholding taxes paid on stock-based compensation (17) (15) (25)
Payment of debt (10) (3) (2)
Net cash for financing activities (1,066) (1,298) (886)
CASH FLOWS FROM (FOR) INVESTING ACTIVITIES:      
Capital expenditures (224) (128) (114)
Acquisition of businesses, net of cash acquired 0 (57) (227)
Proceeds from disposition of:      
Businesses, net of cash disposed 0 5 870
Property and equipment 1 0 1
Financial investments 1 171 3
Other, net (8) (3) (2)
Net cash (for) from investing activities (230) (12) 531
Effect of exchange rate changes on cash and cash investments (18) (20) 31
CASH AND CASH INVESTMENTS:      
(Decrease) increase for the year (474) (400) 629
At January 1 926 1,326 697
At December 31 $ 452 $ 926 $ 1,326