Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
Mar. 31, 2023	Mar. 31, 2022
Cash (used for) operating activities
Net income	$ 194	$ 133
Non-cash charges to net income:
Depreciation and amortization	54	53
Mechanical stores expense	18	13
Other non-cash charges	20	18
Changes in working capital:
Accounts receivable and prepaid expenses	(44)	(126)
Inventories	(87)	(119)
Accounts payable and accrued liabilities	(171)	(45)
Margin accounts	(19)	28
Other	(16)	(7)
Cash (used for) operating activities	(51)	(52)
Cash used for investing activities
Capital expenditures and mechanical stores purchases	(76)	(85)
Proceeds from disposal of manufacturing facilities and properties	1	5
Other	(6)	4
Cash used for investing activities	(81)	(76)
Cash provided by financing activities
Proceeds from borrowings	318	147
Payments on debt	(267)	(123)
Commercial paper borrowings, net	107	178
Repurchases of common stock, net	0	(39)
Issuances (settlements) of common stock for share-based compensation, net	2	(1)
Dividends paid, including to non-controlling interests	(47)	(43)
Cash provided by financing activities	113	119
Effects of foreign exchange rate changes on cash	(1)	5
(Decrease) in cash and cash equivalents	(20)	(4)
Cash and cash equivalents, beginning of period		328
Cash and cash equivalents, end of period	$ 216	$ 324

The net change during the reporting period in the total amount due within one year (or one business cycle) from all parties associated with underlying transactions that are classified as operating activities, plus the net change during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods.

No definition available.