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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 390 $ 56
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 225 225
Provision for inventory losses 21 (9)
Deferred income taxes (2) (13)
Equity income in unconsolidated affiliates (101) (32)
Stock-based compensation 49 50
Impairment and loss on assets held for sale 4 125
Other, net (36) 43
Change in operating assets and liabilities, net of acquisitions:    
Receivables (258) (319)
Inventories (479) (430)
Contract assets 11 (127)
Prepaid and other current assets (22) (19)
Accounts payable 17 156
Accrued liabilities (170) 18
Contract liabilities 38 39
Income taxes payable 4 19
Other assets/liabilities, net 75 (115)
Net cash used in operating activities (234) (333)
Cash flows from investing activities:    
Purchases of property, plant and equipment (207) (148)
Other (4) (25)
Net cash used in investing activities (211) (173)
Cash flows from financing activities:    
Borrowings against lines of credit and other debt 22 16
Payments against lines of credit and other debt (25)  
Cash dividends paid (60) (59)
Financing leases (17) (18)
Other (26) (11)
Net cash used in financing activities (106) (72)
Effect of exchange rates on cash (5) (15)
Decrease in cash and cash equivalents (556) (593)
Cash and cash equivalents, beginning of period 1,069 1,591
Cash and cash equivalents, end of period 513 998
Cash payments during the period for:    
Interest 45 39
Income taxes $ 83 $ 91