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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities of continuing operations    
Net income (loss) $ 219 $ (11)
Net income (loss) from discontinued operations, net of taxes 22 68
Income (loss) from continuing operations 197 (79)
Adjustments to reconcile net income (loss) from continuing operations to net cash from operating activities    
Depreciation and amortization expense 357 351
Stock compensation expense 29 36
Accretion of debt 15 14
Deferred tax (benefit) expense 5 12
Debt extinguishment loss 54 0
Unrealized (gain) loss on foreign currency option and forward contracts 1 (1)
Gains on sales of property and equipment (36) (67)
Other 4 45
Changes in assets and liabilities    
Accounts receivable (371) (165)
Other assets (1) (54)
Accounts payable 133 (29)
Accrued expenses and other liabilities 171 229
Net cash provided by operating activities from continuing operations 558 292
Cash flows from investing activities of continuing operations    
Payment for purchases of property and equipment (212) (220)
Proceeds from sale of property and equipment 72 137
Other (3) 5
Net cash used in investing activities from continuing operations (143) (78)
Cash flows from financing activities of continuing operations    
Proceeds from issuance of debt 0 1,155
Proceeds from (repayment of) borrowings related to securitization program (24) 25
Repurchase of debt (2,769) 0
Proceeds from borrowings on ABL facility 0 820
Repayment of borrowings on ABL facility (200) (620)
Repayment of debt and finance leases (63) (50)
Payment for debt issuance costs (5) (21)
Purchase of noncontrolling interests 0 0
Issuance (repurchase) of common stock 384 (114)
Change in bank overdrafts 33 19
Payment for tax withholdings for restricted shares (25) (21)
Distribution from GXO 794 0
Other (5) 2
Net cash provided by (used in) financing activities from continuing operations (1,880) 1,195
Cash flows from discontinued operations    
Operating activities of discontinued operations 68 398
Investing activities of discontinued operations (95) (145)
Financing activities of discontinued operations (302) (12)
Net cash provided by (used in) discontinued operations (329) 241
Effect of exchange rates on cash, cash equivalents and restricted cash (7) (2)
Net increase (decrease) in cash, cash equivalents and restricted cash (1,801) 1,648
Cash, cash equivalents and restricted cash, beginning of period 2,065 387
Cash, cash equivalents and restricted cash, end of period 264 2,035
Less: Cash, cash equivalents and restricted cash of discontinued operations, end of period 0 404
Cash, cash equivalents and restricted cash of discontinued operations, end of period 264 1,631
Supplemental disclosure of cash flow information    
Leased assets obtained in exchange for new operating lease liabilities, including related to an acquisition in 2021 140 188
Leased assets obtained in exchange for new finance lease liabilities 54 9
Cash paid for interest 195 209
Cash paid for income taxes $ 74 $ 3