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Consolidated Statements of Cash Flows (Condensed) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net income $ 122 $ 246
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 123 115
Restructuring and other, net 11 (1)
Pension expense 15 8
Pension contributions 1 20
Stock-based compensation 11 10
Equity earnings, net of distributions 27 (14)
Working capital changes and other (545) (685)
Net cash used for operating activities (235) (301)
Cash flows from investing activities    
Capital expenditures (233) (117)
Net investment hedge 13 13
Proceeds from sale of business, net of cash 0 6
Proceeds from sale of property, plant and equipment 1 12
Acquisitions of business, net of cash 0 (23)
Distribution from equity method investment 56 0
Other 2 (8)
Net cash used for investing activities (161) (117)
Cash flows from financing activities    
Net change in revolving credit facility and short-term debt 331 158
Proceeds from long-term debt 0 601
Payments of long-term debt (24) (42)
Debt issuance costs 0 (7)
Foreign exchange derivatives related to debt 2 0
Payments of finance leases (1) (1)
Dividends paid to noncontrolling interests (11) (11)
Dividends paid to shareholders (29) (27)
Common stock repurchased (6) (350)
Net cash provided by financing activities 262 321
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3) (36)
Net change in cash, cash equivalents and restricted cash (137) (133)
Cash, cash equivalents and restricted cash at January 1 639 593
Cash, cash equivalents and restricted cash at March 31 $ 502 $ 460