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Consolidated Statements of Cash Flows (Condensed) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net income $ 549 $ 500
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 352 360
Restructuring and other (40) 20
Pension expense 36 80
Pension contributions (287) (16)
Stock-based compensation 27 23
Working capital changes and other (481) (658)
Net cash provided by operating activities 245 309
Cash flows from investing activities    
Capital expenditures (512) (333)
Net investment hedge 25 28
Proceeds from sale of discontinued operations, net of cash disposed 2,255 0
Proceeds from sale of property, plant and equipment 24 8
Other (1) (12)
Net cash provided by / (used for) investing activities 1,791 (309)
Cash flows from financing activities    
Net change in revolving credit facility and short-term debt (35) 42
Proceeds from long-term debt 80 113
Payments of long-term debt (64) (63)
Foreign exchange derivatives related to debt (13) 34
Payments of finance leases (2) (2)
Contributions from noncontrolling interests 0 2
Dividends paid to noncontrolling interests (56) (43)
Dividends paid to shareholders (79) 0
Common stock issued 1 1
Common stock repurchased (745) (58)
Net cash (used for) / provided by financing activities (913) 26
Effect of exchange rate changes on cash, cash equivalents and restricted cash (34) (1)
Net change in cash, cash equivalents and restricted cash 1,089 25
Cash, cash equivalents and restricted cash beginning balance 1,238 663
Cash, cash equivalents and restricted cash ending balance $ 2,327 $ 688