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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net earnings (loss) $ 183 $ (21)
Adjustments to reconcile to net cash used in operating activities:    
Depreciation and amortization 29 39
Pension income (45) (54)
Change in fair value of embedded derivatives in the Series A Preferred Stock and Convertible Notes [1] (2) 7
Net gain on sales of assets/businesses (209) (2)
Stock based compensation 5 3
Provision for deferred income taxes 4 5
Decrease in trade receivables 22 31
Increase in inventories (14) (34)
Increase (decrease) in trade payables 9 (11)
Decrease in liabilities excluding borrowings and trade payables (5) (22)
Other items, net 10 10
Total adjustments (196) (28)
Net cash used in operating activities (13) (49)
Cash flows from investing activities:    
Additions to properties (5) (17)
Net proceeds from sales of businesses/assets 302 1
Net cash provided by (used in) investing activities 297 (16)
Cash flows from financing activities:    
Repayment of Term Credit Agreement (395)  
Proceeds from Convertible Notes 98  
Proceeds from borrowings 14  
Repayment of finance leases (1) (2)
Preferred stock dividend payments   (6)
Payment of contingent consideration related to the sale of a business (10)  
Net cash used in financing activities (294) (8)
Effect of exchange rate changes on cash 1 (3)
Net decrease in cash, cash equivalents and restricted cash (9) (76)
Cash, cash equivalents, restricted cash and cash in assets held for sale, beginning of period 267 369
Cash, cash equivalents, restricted cash and cash in assets held for sale, end of period $ 258 $ 293
[1] Refer to Note 23, “Financial Instruments”.