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Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2021

Supplemental Cash Flow Information

Supplemental Cash Flow Information

20. Supplemental Cash Flow Information

Changes in the components of working capital related to operations (net of the effects related to acquisitions and divestitures) were as follows:

​

​	​	​	​	​	​	​	​	​	​
​		2021			2020			2019
Decrease (increase) in current assets:	​	​	​	​	​	​	​	​	​
Receivables - change in factoring	​	$	45	​	$	(103)	​	$	(61)
Receivables - all other changes	​	​	(191)	​	​	(29)	​	​	13
Inventories	​		(32)	​		75	​		(26)
Prepaid expenses and other	​		(15)	​		(30)	​		13
Increase (decrease) in current liabilities:	​	​	​	​	​	​	​	​	​
Accounts payable	​		161	​		(67)	​		(62)
Accrued liabilities	​		(30)	​		(43)	​		(30)
Salaries and wages	​		30	​		24	​		(25)
U.S. and foreign income taxes	​	​	19	​		(8)	​		2
​	​	$	(13)	​	$	(181)	​	$	(176)

​

The Company uses various factoring programs to sell certain trade receivables to financial institutions as part of managing its cash flows. At December 31, 2021, December 31, 2020 and December 31, 2019, the total amount of trade receivables sold by the Company was $481 million, $436 million and $539 million, respectively. These amounts included $180 million, $176 million and $133 million at December 31, 2021, December 31, 2020 and December 31, 2019, respectively, for trade receivable amounts factored under supply-chain financing programs linked to commercial arrangements with key customers. For the years ended December 31, 2021, 2020 and 2019, the Company recorded expenses related to these factoring programs of $6 million, $6 million and $5 million, respectively, as interest expense.

Income taxes paid in cash were as follows:

​

​	​	​	​	​	​	​	​	​	​	​
​		2021			2020			2019		​
U.S.	​	$	9	​	$	1	​	$	2	​
Non-U.S.	​		102	​		90	​		101	​
Total income taxes paid in cash	​	$	111	​	$	91	​	$	103	​

​

Interest paid in cash, including note repurchase premiums, for the years ended December 31, 2021, 2020 and 2019 was $209 million, $252 million and $303 million, respectively. Cash interest for the years ended December 31, 2021, 2020 and 2019 included $11 million, $41 million and $54 million of note repurchase premiums, respectively.

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- Definition

The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-URI http://asc.fasb.org/topic&trid=2134446

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- References

No definition available.

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