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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 286 $ (1,201)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 166 176
Impairment of goodwill, intangibles and other assets 0 1,480
Deferred income taxes (12) (249)
Stock based compensation expense 26 18
Other, net (1) 1
Changes in operating accounts:    
Accounts receivable (50) 138
Inventories (386) (145)
Accounts payable 54 71
Accrued liabilities and other (7) (157)
Net cash provided by operating activities 76 132
Cash flows from investing activities:    
Capital expenditures (114) (94)
Acquisition of noncontrolling interests (4) 0
Other investing activities, net 9 6
Net cash used in investing activities (109) (88)
Cash flows from financing activities:    
Net payments of short-term debt (1) (26)
Net proceeds from issuance of debt 0 493
Payments on current portion of long-term debt (94) 0
Payments on long-term debt (6) (18)
Cash dividends (198) (197)
Equity compensation activity and other, net (35) (13)
Net cash provided by (used in) financing activities (334) 239
Exchange rate effect on cash, cash equivalents and restricted cash (6) (20)
Increase (decrease) in cash, cash equivalents and restricted cash (373) 263
Cash, cash equivalents and restricted cash at beginning of period 1,021 371
Cash, cash equivalents and restricted cash at end of period 648 634
Supplemental disclosures:    
Restricted cash at beginning of period 40 22
Restricted cash at end of period $ 11 $ 15