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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 273 $ 269
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 56 49
Unrealized loss on derivatives not designated as hedging instruments 7 7
Gain on sale of long-lived assets (7)  
Stock-based compensation 21 19
Provision for excess and obsolete inventory 7 9
Deferred income taxes (2) 10
Other 2  
Changes in operating assets and liabilities:    
Trade accounts receivable (53) (43)
Inventories (133) (38)
Other current and non-current assets 5 7
Accounts payable 15 38
Current and non-current accrued compensation (49) (18)
Income taxes payable (11) (42)
Other current and non-current liabilities 15 25
Net cash provided by operating activities 146 292
Cash flows from investing activities:    
Purchases of investments (1) (397)
Maturities of investments 76 205
Sales of investments   135
Proceeds from sale of long-lived assets 7  
Purchases of property, plant and equipment (83) (43)
Net cash used in investing activities (1) (100)
Cash flows from financing activities:    
Proceeds from borrowings 6 1
Payments of borrowings (8) (11)
Dividend payments (24) (23)
Net payments related to employee stock awards (5) (8)
Net cash used in financing activities (31) (41)
Effect of exchange rate changes on cash and cash equivalents (15) (4)
Increase in cash and cash equivalents 99 147
Cash and cash equivalents at beginning of period 966 608
Cash and cash equivalents at end of period $ 1,065 $ 755