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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 143 $ 122
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28 24
Unrealized loss on derivatives not designated as hedging instruments 3  
Gain on sale of long-lived assets (7)  
Stock-based compensation 8 10
Provision for excess and obsolete inventory 4 5
Deferred income taxes (2) 10
Changes in operating assets and liabilities:    
Trade accounts receivable (40) (33)
Inventories (66) (24)
Other current and non-current assets (5) 6
Accounts payable 5 37
Current and non-current accrued compensation (60) (42)
Income taxes payable 15  
Other current and non-current liabilities 15 12
Net cash provided by operating activities 41 127
Cash flows from investing activities:    
Purchases of investments   (185)
Maturities of investments 35 95
Sales of investments   108
Proceeds from sale of long-lived assets 7  
Purchases of property, plant and equipment (19) (27)
Net cash provided by (used in) investing activities 23 (9)
Cash flows from financing activities:    
Proceeds from borrowings 3 1
Payments of borrowings (2) (8)
Dividend payments (12) (11)
Net payments related to employee stock awards (6) (5)
Net cash used in financing activities (17) (23)
Effect of exchange rate changes on cash and cash equivalents (2) (3)
Increase in cash and cash equivalents 45 92
Cash and cash equivalents at beginning of period 966 608
Cash and cash equivalents at end of period $ 1,011 $ 700