XML 45 R6.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities    
Net income (loss) $ 18 $ 203
Adjustments to reconcile net income (loss) to cash provided (used) by operating activities:    
Goodwill impairment charge 69 0
Depreciation and amortization 503 180
Deferred income taxes (115) (21)
Stock-based compensation 20 12
Restructuring charges, asset impairments, and other, net of cash paid 12 8
Change in pension and other postretirement benefit plans (49) 3
Equity in earnings of nonconsolidated affiliates (34) 0
Cash dividends received from nonconsolidated affiliates 45 0
Changes in operating assets and liabilities:    
Receivables (457) (260)
Inventories 112 (115)
Payables and accrued expenses 99 154
Accrued interest and accrued income taxes (12) (5)
Other assets and liabilities (147) (122)
Net cash provided (used) by operating activities 64 37
Investing Activities    
Proceeds from sale of assets 8 6
Net proceeds from sale of business 22 0
Cash payments for property, plant, and equipment (541) (255)
Acquisition of business, net of cash acquired (158) 0
Proceeds from deferred purchase price of factored receivables 203 102
Other 0 (2)
Net cash used by investing activities (466) (149)
Financing Activities    
Proceeds from term loans and notes 171 12
Repayments of term loans and notes (278) (35)
Borrowings on revolving lines of credit 6,804 4,051
Payments on revolving lines of credit (6,548) (4,074)
Issuance (repurchase) of common shares (2) (2)
Cash dividends (20) (39)
Net increase (decrease) in bank overdrafts (12) (5)
Net increase (decrease) in short-term borrowings secured by accounts receivable (3) 150
Other 1 (2)
Distributions to noncontrolling interest partners (20) (44)
Net cash provided by (used by) financing activities 93 12
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 2 (15)
Decrease in cash, cash equivalents and restricted cash (307) (115)
Cash, cash equivalents and restricted cash, beginning of period 702 318
Cash, cash equivalents and restricted cash, end of period 395 203
Supplemental Cash Flow Information    
Cash paid during the period for interest 230 65
Cash paid during the period for income taxes, net of refunds 139 79
Non-cash Investing Activities    
Period end balance of accounts payable for property, plant, and equipment 118 52
Deferred purchase price of receivables factored in the period $ 208 $ 105