XML 35 R6.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income (loss) $ 28 $ (9)
Less: Income from discontinued operations, net of tax (95) (79)
Adjustments to reconcile net loss from continuing operations to net cash (used in) provided by operating activities from continuing operations 121 96
Changes in working capital accounts, excluding the effects of acquisitions (72) 17
Changes in deferred income taxes and other 4 0
Net cash (used in) provided by operating activities from continuing operations (14) 25
Net cash provided by operating activities from discontinued operations 108 98
Net cash provided by operating activities 94 123
Cash flows from investing activities:    
Capital expenditures (43) (35)
Acquisitions of businesses, net of cash acquired (108) 0
Other 0 1
Net cash used in investing activities from continuing operations (151) (34)
Net cash used in investing activities from discontinued operations (25) (27)
Net cash used in investing activities (176) (61)
Cash flows from financing activities:    
Borrowings under SGI revolving credit facility 230 0
Repayments under SGI revolving credit facility (70) (100)
Payments on long-term debt (10) (10)
Payments of debt issuance and deferred financing and offering costs (1) 0
Payments on license obligations (19) (12)
Payments for Repurchase of Common Stock 51 0
Net redemptions of common stock under stock-based compensation plans and other (25) (13)
Net cash provided by (used in) financing activities from continuing operations 54 (135)
Net cash used in financing activities from discontinued operations (2) (4)
Net cash provided by (used in) financing activities 52 (139)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1) (1)
Decrease in cash, cash equivalents and restricted cash (31) (78)
Cash, cash equivalents and restricted cash, beginning of period 701 1,143
Cash, cash equivalents and restricted cash, end of period 670 1,065
Cash, cash equivalents and restricted cash of continuing operations, end of period 553 948
Supplemental cash flow information:    
Cash paid for interest 117 123
Income taxes paid 9 7
Distributed earnings from equity investments 1 4
Supplemental non-cash transactions:    
Non-cash interest expense 6 6
Discontinued Operations    
Cash flows from operating activities:    
Less: Income from discontinued operations, net of tax (95) (79)
Cash flows from financing activities:    
Less: Cash, cash equivalents and restricted cash of discontinued operations $ 117 $ 117