XML 20 R7.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net income $ 26 $ 40
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 84 71
Deferred income taxes (3) 0
Share-based compensation expense 9 9
Amortization of deferred debt issuance costs and discount on debt 3 2
Loss on extinguishment of debt 34 0
Other non-cash items affecting net income 14 14
Changes in assets and liabilities:    
Increase in accounts receivable, net of allowance for credit losses (120) (92)
Decrease in inventories, net 63 0
Decrease (increase) in prepaid and other assets 32 (3)
Increase (decrease) in accounts payable and accrued liabilities 2 (54)
Net changes in income tax payables and receivables 7 2
Changes in other non-current assets and liabilities (16) (17)
Cash provided by (used in) operating activities 135 (28)
Cash Flows from Investing Activities:    
Capital expenditures (58) (38)
Insurance proceeds 1 0
Cash used in investing activities (57) (38)
Cash Flows from Financing Activities:    
Repayments of long-term debt (2,260) (7)
Proceeds from long-term debt 2,375 0
Proceeds from short-term debt 0 213
Call premium paid (21) 0
Debt issuance costs (30) 0
Dividends paid (14) (10)
Restricted stock and performance-based shares settled in cash for withholding taxes (2) (3)
Cash provided by financing activities 48 193
Effects of exchange rate changes on cash and cash equivalents and restricted cash (7) (9)
Net increase in cash, cash equivalents and restricted cash 119 118
Cash, cash equivalents and restricted cash at beginning of period 648 311
Cash, cash equivalents and restricted cash at end of period 767 429
Supplemental cash flow information:    
Interest paid, net 30 24
Income taxes paid $ 3 $ 4