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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 282 $ 21
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 148 149
Provision for inventory losses 14 5
Deferred income taxes (3) (13)
Equity income in unconsolidated affiliates (85) (20)
Stock-based compensation 32 33
Other, net (18) 61
Change in operating assets and liabilities, net of acquisitions:    
Receivables (161) (279)
Inventories (393) (264)
Contract assets (19) (17)
Prepaid and other current assets (36) (31)
Accounts payable 99 142
Accrued liabilities (207) 11
Contract liabilities 44 64
Income taxes payable (17) 5
Other assets/liabilities, net 46 (94)
Net cash used in operating activities (274) (227)
Cash flows from investing activities:    
Purchases of property, plant and equipment (133) (89)
Other 5  
Net cash used in investing activities (128) (89)
Cash flows from financing activities:    
Borrowings against lines of credit and other debt 2 10
Payments against lines of credit and other debt (5)  
Cash dividends paid (40) (39)
Financing leases (11) (12)
Other (19) (11)
Net cash used in financing activities (73) (52)
Effect of exchange rates on cash (2) (5)
Decrease in cash and cash equivalents (477) (373)
Cash and cash equivalents, beginning of period 1,069 1,591
Cash and cash equivalents, end of period 592 1,218
Cash payments during the period for:    
Interest 41 38
Income taxes $ 52 $ 79