XML 19 R8.htm IDEA: XBRL DOCUMENT v3.24.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating activities:        
Net income (loss) $ (874) $ (906) $ (1,294) $ (1,159)
Adjustments to reconcile net income (loss) to net cash provided by operations:        
Depreciation and amortization 259 300 531 604
Impairment of goodwill 400 700 400 700
Impairment of long-lived assets and assets held for sale 130 74 809 262
Net change in operating assets and liabilities (10) 212 (507) (137)
Deferred income taxes – net and uncertain tax positions (424) (44) (613) (150)
Stock-based compensation 32 30 60 62
Other items 592 (12) 594 23
Net loss (gain) from investments and from sale of long-lived assets (1) (30) (1) (26)
Net cash provided by (used in) operating activities 103 324 (21) 179
Investing activities:        
Beneficial interest collected in exchange for securitized trade receivables 317 371 612 694
Purchases of property, plant and equipment and intangible assets (97) (119) (221) (258)
Proceeds from sale of business and long-lived assets 1 56 1 58
Acquisition of businesses, net of cash acquired 0 0 (15) 0
Purchases of investments and other assets (43) (2) (55) (6)
Other investing activities 0 (4) 0 (5)
Net cash provided by (used in) investing activities 178 302 322 483
Financing activities:        
Purchase of shares from non-controlling interests 0 0 (64) 0
Dividends paid to non-controlling interests 0 0 (78) 0
Repayment of senior notes and loans and other long term liabilities (956) 0 (956) (3,152)
Proceeds from senior notes, net of issuance costs 0 0 0 2,451
Other financing activities (10) (55) (19) (60)
Net cash provided by (used in) financing activities (966) (55) (1,117) (761)
Translation adjustment on cash and cash equivalents (49) (77) (153) (65)
Net change in cash, cash equivalents and restricted cash (733) 494 (969) (164)
Balance of cash, cash equivalents and restricted cash at beginning of period 2,991 2,176 3,227 2,834
Balance of cash, cash equivalents and restricted cash at end of period 2,258 2,670 2,258 2,670
Reconciliation of cash, cash equivalents and restricted cash reported in the consolidated balance sheets:        
Cash and cash equivalents 2,258 2,669 2,258 2,669
Restricted cash included in other current assets . . 0 1 0 1
Total cash, cash equivalents and restricted cash shown in the statement of cash flows 2,258 2,670 2,258 2,670
Non-cash financing and investing activities:        
Beneficial interest obtained in exchange for securitized accounts receivables $ 320 $ 380 $ 632 $ 714