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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities    
Net income $ 157 $ 75
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 99 89
Other, net 19 11
Change in operating working capital:    
Net change in operating assets and liabilities (89) (19)
Net cash provided by operating activities 186 156
Investing activities    
Expenditures for property, plant and equipment (94) (89)
Proceeds from sale of property, plant and equipment 1 1
Net cash used in investing activities (93) (88)
Financing activities    
Net increase (decrease) in short-term debt 47 (27)
Issuance of long-term debt   500
Decrease in long-term debt (26)  
Dividends paid   (54)
Common stock options exercised 1 0
Net cash provided by financing activities 22 419
Effect of exchange rate changes on cash and cash equivalents (39) (24)
Increase in cash and cash equivalents 76 463
Cash and cash equivalents at beginning of period 1,178 445
Cash and cash equivalents at end of period $ 1,254 $ 907