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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income (loss) $ 37 $ (1,812)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 175 208
Goodwill and intangible asset impairments 0 1,827
Unrealized loss (gain) on derivatives not designated as hedging instruments 0 20
Amortization of debt issuance costs and original issue discount 16 15
Loss on extinguishment of debt 47 0
Stock-based compensation 26 31
Provision for excess and obsolete inventory 25 30
Deferred income taxes (95) (120)
Other 4 1
Changes in operating assets and liabilities    
Accounts receivable (11) 80
Inventories 13 (94)
Other current and non-current assets 23 (11)
Accounts payable (30) (108)
Accrued compensation (48) (35)
Income taxes payable 33 (56)
Other current and non-current liabilities (26) 2
Net cash provided by (used in) operating activities 189 (22)
Cash flows from investing activities:    
Proceeds from sale of long-lived assets 1 1
Purchases of property, plant and equipment (45) (35)
Net cash used in investing activities (44) (34)
Cash flows from financing activities:    
Proceeds from borrowings 2,161 1
Payments of borrowings (2,075) (45)
Purchase of capped calls related to Convertible Notes (167) 0
Payments of deferred financing fees (33) 0
Dividend payments (30) (29)
Net (payments) proceeds related to employee stock awards (11) (5)
Other financing activities (4) 0
Net cash used in financing activities (159) (78)
Effect of exchange rate changes on cash and cash equivalents (11) (18)
Decrease in cash and cash equivalents (25) (152)
Cash and cash equivalents at beginning of period 875 909
Cash and cash equivalents at end of period $ 850 $ 757