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Consolidated Statements of Cash Flows
$ in Millions
12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Cash flows from operating activities      
Net (loss) income $ (52) $ 996 $ 747
Adjustments to reconcile net income to cash provided by (used for) operating activities:      
Depreciation and amortization 311 284 273
Gain on sales of assets and businesses (10) (45) (22)
Equity in earnings of affiliates, net (3) 18 (33)
Loss on extinguishment of debt 0 38 1
Amortization of debt issuance costs and issue discounts 9 11 13
Deferred tax (benefit) provision (165) 23 83
Asset-related charges 43 4 3
Stock-based compensation expense 19 24 29
Net periodic pension cost (income) 381 (18) (22)
Defined benefit plan contributions (19) (15) (38)
Other operating charges and credits, net (2) (7) 12
Decrease (increase) in operating assets:      
Accounts and notes receivable, net 191 47 (88)
Inventories and other operating assets 116 (284) (146)
(Decrease) increase in operating liabilities:      
Accounts payable and other operating liabilities (169) 64 (172)
Cash provided by operating activities 650 1,140 640
Cash flows from investing activities      
Purchases of property, plant, and equipment (481) (498) (411)
Acquisition of business, net (10) (37) 0
Proceeds from sales of assets and businesses, net 9 46 39
Proceeds from life insurance policies 1 0 0
Foreign exchange contract settlements, net (2) 2 2
Cash used for investing activities (483) (487) (370)
Cash flows from financing activities      
Proceeds from issuance of debt, net 0 520 495
Proceeds from revolving loan 150 0 0
Repayments on revolving loan (150) 0 0
Proceeds from accounts receivable securitization facility 128 0 0
Debt repayments (37) (679) (27)
Payments related to extinguishment of debt 0 (29) (1)
Payments of debt issuance costs 0 (12) (6)
Payments on finance leases (3) 0 0
Purchases of treasury stock, at cost (322) (644) (106)
Proceeds from exercised stock options, net 9 16 31
Payments related to tax withholdings on vested stock awards (30) (17) (12)
Payments of dividends (164) (148) (22)
Cash (used for) provided by financing activities (419) (993) 352
Effect of exchange rate changes on cash and cash equivalents (6) (15) 32
(Decrease) increase in cash and cash equivalents (258) (355) 654
Cash and cash equivalents at January 1, 1,201 1,556 902
Cash and cash equivalents at December 31, 943 1,201 1,556
Cash paid during the year for:      
Interest, net of amounts capitalized 204 206 208
Income taxes, net of refunds 85 75 79
Non-cash investing and financing activities:      
Changes in property, plant, and equipment included in accounts payable 85 37 (14)
Obligations incurred under build-to-suit lease arrangement 40 47 8
Purchases of treasury stock not settled by year-end 0 0 10
Non-cash financing arrangements 11 0 0
Deferred payments related to acquisition of business 15 0 0
Dividends accrued but not yet paid $ 0 $ 0 $ 31