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CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities:      
Net earnings (loss) $ 172 $ 264 $ (382)
Loss (gain) from discontinued operations (7)   3
Non-cash charges (credits):      
Depreciation 356 369 390
Amortization of intangibles and other deferred items 93 99 109
Amortization of finance fees and debt discount 14 14 10
Deferred tax provision (benefit) 5 (5) 7
Pension expense 32 38 32
Restructuring, asset impairment and related charges 28 96 69
Charges for asbestos-related cost     35
Pension settlement charges 74 26 26
Goodwill impairment charge     595
Gain on sale of equity investment     (107)
Gain on sale of ANZ business   (275)  
Charge related to Paddock support agreement liability 154    
Brazil indirect tax credit (71)    
Other asset impairments   36 22
Gain on sale of miscellaneous assets (84)    
Pension contributions (84) (103) (33)
Asbestos-related payments     (151)
Cash paid for restructuring activities (30) (37) (54)
Change in components of working capital (13) (181) (176)
Other, net 41 116 13
Cash provided by continuing operating activities 680 457 408
Cash provided by (utilized in) discontinued operating activities 7   (3)
Total cash provided by operating activities 687 457 405
Investing activities:      
Cash payments for property, plant and equipment (398) (311) (426)
Acquisitions, net of cash acquired     (190)
Contributions and advances to joint ventures     (22)
Net cash proceeds on disposal of assets 122 10 197
Cash proceeds on sale of ANZ businesses, net of transaction costs 58 441  
Deconsolidation of Paddock   (47)  
Other, net (2)   4
Cash provided by (utilized in) investing activities (220) 93 (437)
Financing activities:      
Additions to long-term debt 1,021 1,845 4,265
Repayments of long-term debt (1,188) (2,460) (4,099)
Increase (decrease) in short-term loans (17) (15) 49
Payment of finance fees (16) (51) (85)
Dividends paid   (8) (31)
Net cash proceeds (payments) for hedging activity (15) (8) 28
Distributions paid to noncontrolling interests (16) (12) (17)
Shares repurchased (40)   (38)
Sale leaseback proceeds in conjunction with ANZ sale   155  
Issuance of common stock and other (2) (3) (4)
Cash provided by (utilized in) financing activities (273) (557) 68
Effect of exchange rate fluctuations on cash (29) 19 3
Increase in cash including cash classified within current assets held for sale 165 12 39
Cash and cash equivalents at beginning of period 563 551 512
Cash and cash equivalents at end of period 725 $ 563 $ 551
Additional Cash Flow Elements and Supplemental Cash Flow Information      
Less: decrease in cash classified within current assets held for sale $ (3)