v3.23.2
Statement of Combined Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net income $ 84 $ 157
Adjustments to reconcile net income to cash provided from operations:    
Depreciation and amortization 105 122
Deferred income taxes 23 26
Restructuring and other charges 9 7
Non-service costs — Pension and OPEB 34 34
Stock-based compensation 18 13
Other 23 (12)
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:    
(Increase) in receivables (84) (141)
Decrease (Increase) in inventories 82 (304)
(Increase) in prepaid expenses and other current assets (40) (19)
(Decrease) Increase in accounts payable, trade (43) 196
(Decrease) in accrued expenses (37) (17)
(Decrease) Increase in taxes, including income taxes (26) 5
Pension contributions (19) (13)
Decrease in noncurrent assets 9 1
Increase in noncurrent liabilities 12 4
Cash provided from operations 150 59
Financing Activities    
Proceeds from (Repayments of) Short-term Debt, Maturing in Three Months or Less 0 50
Repurchases of common stock (J) (1) (53)
Other (12) (11)
Cash used for financing activities (13) (14)
Investing Activities    
Capital expenditures (139) (128)
Payments for (Proceeds from) Other Investing Activities 7 1
Cash used for investing activities (132) (127)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 0 (1)
Net change in cash and cash equivalents and restricted cash 5 (83)
Cash and cash equivalents and restricted cash at beginning of year 261 335
Cash and cash equivalents and restricted cash at end of period $ 266 $ 252