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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net (loss) income $ (109) $ 197
Adjustments to reconcile net (loss) income to net cash from operating activities    
Depreciation, amortization and net lease activity 379 360
Stock compensation expense 39 31
Accretion of debt 8 9
Deferred tax expense 3 12
Debt extinguishment loss 0 5
Unrealized (gain) loss on foreign currency option and forward contracts (1) 9
Gains on sales of property and equipment (39) (40)
Other 42 23
Changes in assets and liabilities    
Accounts receivable 186 (289)
Other assets (84) (23)
Accounts payable (277) (81)
Accrued expenses and other liabilities 247 (49)
Net cash provided by operating activities 394 164
Investing activities    
Payment for purchases of property and equipment (255) (236)
Proceeds from sale of property and equipment 77 85
Cash collected on deferred purchase price receivable 0 137
Other 6 0
Net cash used in investing activities (172) (14)
Financing activities    
Proceeds from issuance of debt 1,161 1,758
Proceeds from borrowings related to securitization program 109 0
Proceeds from borrowings on ABL facility 620 1,355
Repayment of borrowings on ABL facility (20) (1,355)
Repayment of debt and finance leases (40) (565)
Payment for debt issuance costs (21) (27)
Repurchase of common stock (114) (1,347)
Change in bank overdrafts 23 30
Payment for tax withholdings for restricted shares (18) (5)
Other 1 3
Net cash provided by (used in) financing activities 1,701 (153)
Effect of exchange rates on cash, cash equivalents and restricted cash (15) (2)
Net increase (decrease) in cash, cash equivalents and restricted cash 1,908 (5)
Cash, cash equivalents and restricted cash, beginning of period 387 514
Cash, cash equivalents and restricted cash, end of period 2,295 509
Supplemental disclosure of cash flow information    
Leased assets obtained in exchange for new operating lease liabilities 371 327
Leased assets obtained in exchange for new finance lease liabilities 17 30
Cash paid for interest 149 125
Cash paid for income taxes $ 10 $ 58