XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net earnings (loss) $ 33 $ (3)
Adjustments to reconcile to net cash provided by (used in) operating activities:    
Depreciation and amortization 8 7
Pension income (36) (26)
Change in fair value of the Preferred Stock and Convertible Notes embedded derivatives [1] 1 3
Non-cash changes in workers' compensation and employee benefit reserves 1 (4)
Stock based compensation 4 2
Decrease (increase) in trade receivables 12 (9)
Decrease (increase) in miscellaneous receivables 7 (1)
Increase in inventories (13) (32)
Increase in trade payables 3 31
Decrease in liabilities excluding borrowings and trade payables (13) (13)
Other items, net 7 2
Total adjustments (19) (40)
Net cash provided by (used in) operating activities 14 (43)
Cash flows from investing activities:    
Additions to properties (5) (5)
Net cash used in investing activities (5) (5)
Cash flows from financing activities:    
Preferred stock cash dividend payments (1) (1)
Net cash used in financing activities (1) (1)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 0 0
Net increase (decrease) in cash, cash equivalents and restricted cash 8 (49)
Cash, cash equivalents and restricted cash, beginning of period 286 423
Cash, cash equivalents and restricted cash, end of period [2] $ 294 $ 374
[1] Refer to Note 17, "Financial Instruments".
[2] Refer to Note 2, “Cash, Cash Equivalents and Restricted Cash” for the components of cash, cash equivalents and restricted cash.