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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net (loss) / income $ (411) $ 688 $ 625
Adjustments to reconcile net (loss) / income to net cash provided by operating activities:      
Depreciation and amortization 463 481 490
Restructuring and other (26) 34 (26)
Loss from disposal of discontinued operations 101 0 0
Goodwill impairment 0 0 25
Pension expense 1,567 92 66
Pension contributions (236) (27) (23)
Stock-based compensation 33 32 29
Loss from early extinguishments of debt 68 0 27
Deferred income taxes (248) 33 (35)
Changes in assets and liabilities:      
Receivables (590) (186) 60
Inventories (609) (2) 61
Accounts payable and accrued liabilities 873 121 (87)
Other, net (80) 49 (49)
Net cash provided by operating activities 905 1,315 1,163
Cash flows from investing activities      
Capital expenditures (816) (587) (432)
Proceeds from sale of discontinued operations, net of cash disposed 2,255 0 0
Proceeds from sale of property, plant and equipment 44 16 39
Net investment hedges 25 28 23
Other (1) 8 (4)
Net cash provided by / (used for) investing activities 1,507 (535) (374)
Cash flows from financing activities      
Net change in revolving credit facility and short-term debt 12 29 (10)
Proceeds from long-term debt 144 110 2,216
Payments of long-term debt (1,834) (269) (2,845)
Premiums paid to retire debt (64) 0 0
Debt issuance costs 0 0 (18)
Foreign exchange derivatives related to debt (25) 43 (16)
Finance lease payments (2) (3) (15)
Dividends paid to noncontrolling interests (122) (87) (101)
Contribution from noncontrolling interests 0 2 6
Dividends paid to shareholders (105) 0 0
Common stock issued 2 2 4
Common stock repurchased (950) (66) (7)
Net cash used for financing activities (2,944) (239) (786)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (113) 34 1
Net change in cash, cash equivalents and restricted cash (645) 575 4
Cash, cash equivalents and restricted cash at January 1 1,238 663 659
Cash, cash equivalents and restricted cash at December 31 $ 593 $ 1,238 $ 663