XML 57 R6.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net income $ 2,219 $ 832 $ 24
Adjustments for      
Depreciation and amortization 498 490 489
Fixed assets impairment (reversal of) 0 (6) 90
Exchange rate, interest and derivative, net 157 99 88
Tax expenses 1,185 260 25
Change in provisions (83) (4) 113
Other (15) (21) 5
Adjustments for reconcile profit loss 1,742 818 810
Change in inventories (527) (267) 54
Change in trade receivables (215) (426) (89)
Change in trade payables (42) 274 84
Change in other receivables (46) 9 5
Change in other payables 107 107 54
Net change in operating assets and liabilities (723) (303) 108
Interest paid, net (106) (89) (107)
Income taxes paid, net of refund (1,107) (193) (31)
Net cash provided by operating activities 2,025 1,065 804
Cash flows from investing activities      
Proceeds (payments) from deposits, net (36) 355 34
Business combinations (18) (365) (27)
Purchases of property, plant and equipment and intangible assets (747) (611) (626)
Proceeds from divestiture of assets and businesses, net of transaction expenses 33 39 29
Other 14 3 7
Net cash used in investing activities (754) (579) (583)
Cash flows from financing activities      
Dividends paid to the Company's shareholders (1,166) (276) (118)
Receipt of long-term debt 1,045 1,230 1,175
Repayments of long-term debt (1,181) (1,120) (1,133)
Repayments of short-term debt (21) (58) (52)
Receipts (payments) from transactions in derivatives 20 (17) 24
Other 0 (3) (1)
Net cash used in financing activities (1,303) (244) (105)
Net change in cash and cash equivalents (32) 242 116
Cash and cash equivalents as of the beginning of the year 473 214 95
Net effect of currency translation on cash and cash equivalents (24) 17 3
Cash and cash equivalents as of the end of the year $ 417 $ 473 $ 214