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Consolidated Statements of Cash Flows (Condensed) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 246 $ 245
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 115 127
Restructuring and other (1) 2
Pension expense 8 12
Pension contributions 20 (5)
Stock-based compensation 10 11
Working capital changes and other (699) (777)
Net cash used for operating activities (301) (385)
Cash flows from investing activities    
Capital expenditures (117) (135)
Acquisition of business, net of cash acquired (23) 0
Net investment hedge 13 13
Proceeds from sale of discontinued operations, net of cash disposed 6 0
Proceeds from sale of property, plant and equipment 12 2
Other (8) 0
Net cash used for investing activities (117) (120)
Cash flows from financing activities    
Net change in revolving credit facility and short-term debt 158 (13)
Proceeds from long-term debt 601 36
Payments of long-term debt (42) (26)
Bond issuance costs (7) 0
Foreign exchange derivatives related to debt 0 (4)
Payments of finance leases (1) (1)
Dividends paid to noncontrolling interests (11) (9)
Dividends paid to shareholders (27) (27)
Common stock issued 0 1
Common stock repurchased (350) (12)
Net cash provided by / (used for) financing activities 321 (55)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (36) (11)
Net change in cash, cash equivalents and restricted cash (133) (571)
Cash, cash equivalents and restricted cash at January 1 593 1,238
Cash, cash equivalents and restricted cash at March 31 $ 460 $ 667