XML 26 R9.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash provided by operating activities      
Net income $ 125 $ 354 $ 424
Non-cash charges to net income:      
Depreciation and amortization 220 213 220
Mechanical stores expense 55 54 57
Impairment on disposition of assets 340    
Deferred income taxes (61) (7) 3
Other non-cash charges 8 105 33
Changes in working capital:      
Accounts receivable and prepaid expenses (162) (3) (61)
Inventories (312) (14) (43)
Accounts payable and accrued liabilities 226 124 51
Margin accounts (32) 43 (1)
Other (15) (40) (3)
Cash provided by operating activities 392 829 680
Cash used for investing activities      
Capital expenditures and mechanical stores purchases (300) (340) (328)
Proceeds from disposal of manufacturing facilities and properties 18 7 2
Payments for acquisitions, net of cash acquired (40) (236) (42)
Other (13) (2) (6)
Cash used for investing activities (335) (571) (374)
Cash (used for) provided by financing activities      
Proceeds from borrowings 1,300 1,550 1,209
Payments on debt (1,690) (1,224) (1,465)
Debt issuance cost   (9)  
Commercial paper borrowings, net 250    
(Repurchases) issuances of common stock, net (49) 4 66
Dividends paid, including to non-controlling interests (184) (178) (174)
Cash (used for) provided by financing activities (373) 143 (364)
Effects of foreign exchange rate changes on cash (21)   (5)
(Decrease) increase in cash and cash equivalents (337) 401 (63)
Cash and cash equivalents, beginning of period 665 264 327
Cash and cash equivalents, end of period $ 328 $ 665 $ 264