v3.23.1
Statement of Combined Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net income $ 25 $ 42
Adjustments to reconcile net income to cash used for operations:    
Depreciation and amortization 53 60
Deferred income taxes 20 (4)
Restructuring and other charges 0 5
Non-service costs — Pension and OPEB 17 16
Stock-based compensation 6 5
Other 22 12
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:    
(Increase) in receivables (107) (110)
(Increase) in inventories (34) (206)
(Increase) in prepaid expenses and other current assets (24) (10)
Increase in accounts payable, trade 5 116
(Decrease) in accrued expenses (9) (28)
(Decrease) Increase in taxes, including income taxes (22) 1
Pension contributions (10) (4)
Decrease in noncurrent assets 8 1
Increase in noncurrent liabilities 11 1
Cash used for operations (39) (103)
Financing Activities    
Proceeds from (Repayments of) Short-term Debt, Maturing in Three Months or Less 50 100
Repurchases of common stock (J) (1) (16)
Other 0 (12)
Cash provided from financing activities 49 72
Investing Activities    
Capital expenditures (82) (95)
Payments for (Proceeds from) Other Investing Activities 7 1
Cash used for investing activities (75) (94)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 1 0
Net change in cash and cash equivalents and restricted cash (64) (125)
Cash and cash equivalents and restricted cash at beginning of year 261 335
Cash and cash equivalents and restricted cash at end of period $ 197 $ 210