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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ 15 $ (42)
Adjustments to reconcile (loss) net income to net cash provided by operating activities:    
Depreciation and amortization 88 107
Unrealized loss on derivatives not designated as hedging instruments 3 13
Amortization of debt issuance costs and original issue discount 8 8
Loss on extinguishment of debt 9 0
Stock-based compensation 15 18
Provision for excess and obsolete inventory 11 18
Deferred income taxes (36) (10)
Other 2 0
Changes in operating assets and liabilities, net of effects of business acquired    
Accounts receivable 16 150
Inventories (1) (96)
Other current and non-current assets (5) (14)
Accounts payable (32) (55)
Accrued compensation (30) (34)
Income taxes payable 16 (49)
Other current and non-current liabilities (12) 23
Net cash provided by operating activities 67 37
Cash flows from investing activities:    
Purchases of property, plant and equipment (18) (17)
Net cash used in investing activities (18) (17)
Cash flows from financing activities:    
Proceeds from borrowings 761 2
Payments of borrowings (806) (23)
Payments of deferred financing fees (2) 0
Dividend payments (15) (15)
Net payments related to employee stock awards (9) (6)
Other financing activities (1) (1)
Net cash used in financing activities (72) (43)
Effect of exchange rate changes on cash and cash equivalents (7) (6)
Decrease in cash and cash equivalents (30) (29)
Cash and cash equivalents at beginning of period 875 909
Cash and cash equivalents at end of period $ 845 $ 880