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Consolidated Statements of Cash Flows (Condensed) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net income $ 245 $ 114
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 127 122
Restructuring and other 2 7
Pension expense 12 43
Pension contributions (5) (5)
Stock-based compensation 11 10
Working capital changes and other (777) (898)
Net cash used for operating activities (385) (607)
Cash flows from investing activities    
Capital expenditures (135) (110)
Net investment hedge 13 14
Proceeds from sale of property, plant and equipment 2 0
Net cash used for investing activities (120) (96)
Cash flows from financing activities    
Net change in revolving credit facility and short-term debt (13) 872
Proceeds from long-term debt 36 93
Payments of long-term debt (26) (12)
Foreign exchange derivatives related to debt (4) (5)
Payments of finance leases (1) (1)
Contributions from noncontrolling interests 0 2
Dividends paid to noncontrolling interests (9) (11)
Dividends paid to shareholders (27) 0
Common stock issued 1 1
Common stock repurchased (12) (57)
Net cash (used for) / provided by financing activities (55) 882
Effect of exchange rate changes on cash, cash equivalents and restricted cash (11) (21)
Net change in cash, cash equivalents and restricted cash (571) 158
Cash, cash equivalents and restricted cash beginning balance 1,238 663
Cash, cash equivalents and restricted cash ending balance $ 667 $ 821