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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities:      
Net income (loss) $ (438) $ 1,454 $ 1,099
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization expense, net of assets under operating lease and assets sold under buy-back commitments 630 660 703
Depreciation and amortization expense of assets under operating lease and assets sold under buy-back commitments 542 555 634
(Gain) loss from disposal of assets 7 (20) 2
Loss on repurchase of Notes 0 27 22
Undistributed income (loss) of unconsolidated subsidiaries 15 2 (3)
Goodwill impairment charge 585 0 0
Other non-cash items 570 209 158
Changes in operating assets and liabilities:      
Provisions (41) (93) (48)
Deferred income taxes (264) (472) 48
Trade and financing receivables related to sales, net 1,133 (460) (180)
Inventories, net 1,901 440 112
Trade payables 388 (179) 280
Other assets and liabilities 501 (297) (273)
Net cash provided by operating activities 5,529 1,826 2,554
Investing activities:      
Additions to retail receivables (4,471) (4,145) (4,269)
Collections of retail receivables 3,995 4,219 4,016
Proceeds from the sale of assets, net of assets under operating leases and assets sold under buy-back commitments 3 61 7
Expenditures for property, plant and equipment and intangible assets, net of assets under operating lease and assets sold under buy-back commitments (484) (637) (558)
Expenditures for assets under operating leases and assets sold under buy-back commitments (1,366) (1,325) (1,344)
Other (427) (160) 228
Net cash used in investing activities (2,750) (1,987) (1,920)
Financing activities:      
Proceeds from long-term debt 12,007 13,197 16,211
Payments of long-term debt (10,512) (12,925) (16,921)
Net increase (decrease) in other financial liabilities (828) 274 386
Dividends paid (8) (283) (243)
Other 0 (57) (156)
Net cash provided by (used in) financing activities 659 206 (723)
Effect of foreign exchange rate changes on cash and cash equivalents 418 (75) (308)
Increase (decrease) in cash and cash equivalents and restricted cash 3,856 (30) (397)
Cash and cash equivalents and restricted cash, beginning of year 5,773 5,803 6,200
Cash and cash equivalents and restricted cash, end of year $ 9,629 $ 5,773 $ 5,803