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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash provided by operating activities    
Net income $ 387 $ 57
Non-cash charges to net income:    
Depreciation and amortization 160 155
Mechanical stores expense 42 40
Impairment on disposition of assets   340
Deferred income taxes (3) (25)
Other non-cash charges 41 4
Changes in working capital:    
Accounts receivable and prepaid expenses (276) (126)
Inventories (401) (226)
Accounts payable and accrued liabilities 99 94
Margin accounts (11) (34)
Other 42 (20)
Cash provided by operating activities 80 259
Cash used for investing activities    
Capital expenditures and mechanical stores purchases (203) (203)
Proceeds from disposal of manufacturing facilities and properties 7 17
Payments for acquisitions, net of cash acquired of $- and $2, respectively (7) (40)
Other 1 (12)
Cash used for investing activities (202) (238)
Cash provided by (used for) financing activities    
Proceeds from borrowings 376 804
Payments on debt (342) (1,194)
Commercial paper borrowings, net 372 350
Repurchases of common stock, net (112) (68)
Purchases of non-controlling interests (40)  
Issuances of common stock for share-based compensation, net of settlements 1 10
Dividends paid, including to non-controlling interests (133) (138)
Cash provided by (used for) financing activities 122 (236)
Effects of foreign exchange rate changes on cash (34) (16)
Decrease in cash and cash equivalents (34) (231)
Cash and cash equivalents, beginning of period 328 665
Cash and cash equivalents, end of period $ 294 $ 434