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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net income (loss) $ 219 $ (52) $ 996
Adjustments to reconcile net income to cash provided by (used for) operating activities:      
Depreciation and amortization 320 311 284
Gain on sales of assets and businesses (8) (10) (45)
Equity in earnings of affiliates, net 0 (3) 18
Loss on extinguishment of debt 22 0 38
Amortization of debt issuance costs and issue discounts 9 9 11
Deferred tax (benefit) provision (120) (165) 23
Asset-related charges 22 43 4
Stock-based compensation expense 16 19 24
Net periodic pension cost (income) 14 381 (18)
Defined benefit plan contributions (21) (19) (15)
Other operating charges and credits, net (22) (2) (7)
Decrease (increase) in operating assets:      
Accounts and notes receivable, net 175 191 47
Inventories and other operating assets 126 116 (284)
(Decrease) increase in operating liabilities:      
Accounts payable and other operating liabilities 55 (169) 64
Cash provided by operating activities 807 650 1,140
Cash flows from investing activities      
Purchases of property, plant, and equipment (267) (481) (498)
Acquisition of business, net 0 (10) (37)
Proceeds from sales of assets and businesses, net 5 9 46
Proceeds from life insurance policies 1 1 0
Foreign exchange contract settlements, net 27 (2) 2
Cash used for investing activities (234) (483) (487)
Cash flows from financing activities      
Proceeds from issuance of debt 800 0 520
Proceeds from accounts receivable securitization facility 12 128 0
Repayments on accounts receivable securitization facility (122) (18) 0
Proceeds from revolving loan 300 150 0
Repayments on revolving loan (300) (150) 0
Debt repayments (943) (19) (679)
Payments related to extinguishment of debt (16) 0 (29)
Payments of debt issuance costs (10) 0 (12)
Payments on finance leases (6) (3) 0
Deferred acquisition-related consideration (10) 0 0
Purchases of treasury stock, at cost 0 (322) (644)
Proceeds from exercised stock options, net 16 9 16
Payments related to tax withholdings on vested stock awards (2) (30) (17)
Payments of dividends to the Company's common shareholders (164) (164) (148)
Distributions to non-controlling interest shareholders (4) 0 0
Cash used for financing activities (449) (419) (993)
Effect of exchange rate changes on cash and cash equivalents 38 (6) (15)
Increase (decrease) in cash and cash equivalents 162 (258) (355)
Cash and cash equivalents at January 1, 943 1,201 1,556
Cash and cash equivalents at December 31, 1,105 943 1,201
Cash paid during the year for:      
Interest, net of amounts capitalized 208 204 206
Income taxes, net of refunds 78 85 75
Non-cash investing and financing activities:      
Changes in property, plant, and equipment included in accounts payable 31 85 37
Obligations incurred under build-to-suit lease arrangement 0 40 47
Non-cash financing arrangements 16 11 0
Deferred payments related to acquisition of business $ 0 $ 15 $ 0