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RESTATEMENT OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS - Consolidated Statement of Cash Flows (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2018
Cash flows from operations          
Net income $ 247 $ 313 $ 580 $ 655  
Adjustments to reconcile net income to cash flows from operations:          
Depreciation and amortization     401 385  
Deferred income taxes     23 63  
Stock compensation     64 57  
Net periodic pension benefit and other postretirement costs     40 7  
Intangible asset impairments 17 31 17 31  
Other     27 44  
Changes in balance sheet items:          
Accounts receivable, net     (25) (60)  
Inventories     (261) (91)  
Accounts payable and accrued liabilities     (48) (299)  
Other     (124) (86)  
Cash flows from operations – continuing operations     648 580  
Cash flows from operations – discontinued operations     (2) (6)  
Cash flows from operations     646 574  
Cash flows from investing activities          
Capital expenditures     (316) (338)  
Acquisitions, net of cash acquired, and investments     (453) (111)  
Other investing activities, net     11 1  
Cash flows from investing activities     (758) (448)  
Cash flows from financing activities          
Issuances of debt     1,240 1,661  
Cash dividends on common stock     (223) (198)  
Proceeds from stock issued under employee benefit plans     151 262  
Purchases of treasury stock     0 (720)  
Other financing activities, net     (34) (37)  
Cash flows from financing activities     909 968  
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash     (38) 2  
Increase in cash, cash equivalents and restricted cash     759 1,096  
Cash, cash equivalents and restricted cash at beginning of period     3,335 1,838  
Cash, cash equivalents and restricted cash at ending of period [1] $ 4,094 2,934 $ 4,094 2,934  
As previously reported          
Cash flows from operations          
Net income   343   690  
Adjustments to reconcile net income to cash flows from operations:          
Depreciation and amortization       393  
Deferred income taxes       55  
Stock compensation       57  
Net periodic pension benefit and other postretirement costs       7  
Intangible asset impairments       31  
Other       34  
Changes in balance sheet items:          
Accounts receivable, net       (60)  
Inventories       (91)  
Accounts payable and accrued liabilities       (303)  
Other       (86)  
Cash flows from operations – continuing operations       617  
Cash flows from operations – discontinued operations       (6)  
Cash flows from operations       611  
Cash flows from investing activities          
Capital expenditures       (352)  
Acquisitions, net of cash acquired, and investments       (111)  
Other investing activities, net       1  
Cash flows from investing activities       (462)  
Cash flows from financing activities          
Issuances of debt       1,661  
Cash dividends on common stock       (198)  
Proceeds from stock issued under employee benefit plans       262  
Purchases of treasury stock       (720)  
Other financing activities, net       (37)  
Cash flows from financing activities       968  
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash       (24)  
Increase in cash, cash equivalents and restricted cash       1,093  
Cash, cash equivalents and restricted cash at beginning of period       1,832  
Cash, cash equivalents and restricted cash at ending of period   2,925   2,925  
Restatement impacts          
Cash flows from operations          
Net income   (30)   (35)  
Adjustments to reconcile net income to cash flows from operations:          
Depreciation and amortization       (8)  
Deferred income taxes       8  
Stock compensation       0  
Net periodic pension benefit and other postretirement costs       0  
Intangible asset impairments       0  
Other       10  
Changes in balance sheet items:          
Accounts receivable, net       0  
Inventories       0  
Accounts payable and accrued liabilities       4  
Other       0  
Cash flows from operations – continuing operations       (37)  
Cash flows from operations – discontinued operations       0  
Cash flows from operations       (37)  
Cash flows from investing activities          
Capital expenditures       14  
Acquisitions, net of cash acquired, and investments       0  
Other investing activities, net       0  
Cash flows from investing activities       14  
Cash flows from financing activities          
Issuances of debt       0  
Cash dividends on common stock       0  
Proceeds from stock issued under employee benefit plans       0  
Purchases of treasury stock       0  
Other financing activities, net       0  
Cash flows from financing activities       0  
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash       26  
Increase in cash, cash equivalents and restricted cash       3  
Cash, cash equivalents and restricted cash at beginning of period       6  
Cash, cash equivalents and restricted cash at ending of period   9   9  
Restatement impacts | Foreign Currency Denominated Monetary Assets and Liabilities          
Cash flows from financing activities          
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash       33  
Restatement impacts | Foreign Currency Derivative Contracts | Foreign exchange contracts          
Changes in balance sheet items:          
Accounts payable and accrued liabilities       4  
Restatement impacts | Equipment Leased to Customers under Operating Leases          
Adjustments to reconcile net income to cash flows from operations:          
Depreciation and amortization       (7)  
Deferred income taxes       2  
Cash flows from investing activities          
Capital expenditures       14  
Restatement impacts | Correction of Classification of Foreign Currency Gains and Losses in our Consolidated Statements of Cash Flows          
Cash flows from financing activities          
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents       10  
Restatement impacts | Correction Of Translation Of The Financial Position And Results Of Operations Into U.S. Dollars Misstatements          
Adjustments to reconcile net income to cash flows from operations:          
Depreciation and amortization       1  
Deferred income taxes       (6)  
Changes in balance sheet items:          
Other       1  
Cash flows from financing activities          
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash       3  
Cash, cash equivalents and restricted cash at ending of period   $ 9   $ 9  
Cash, cash equivalents and restricted cash         $ 6
[1] We did not have any restricted cash balances as of December 31, 2019, June 30, 2019 or December 31, 2018.