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Consolidated Statements of Cash Flows (Condensed) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income $ 575 $ 418
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 231 239
Loss on classification as held for sale 0 70
Restructuring and other (74) (23)
Pension expense 16 25
Pension contributions 33 (11)
Stock-based compensation 16 17
Working capital changes and other (601) (566)
Net cash provided by operating activities 196 169
Cash flows from investing activities    
Capital expenditures (310) (325)
Net investment hedge 13 13
Proceeds from sale of businesses, net of cash received 182 0
Acquisition of business, net of cash acquired (31) 0
Proceeds from sale of property, plant and equipment 15 2
Other 1 (1)
Net cash used for investing activities (130) (311)
Cash flows from financing activities    
Net change in revolving credit facility and short-term debt 122 (40)
Proceeds from long-term debt 603 35
Payments of long-term debt (75) (36)
Bond issuance costs (7) 0
Foreign exchange derivatives related to debt (4) (8)
Payments of finance leases (1) (1)
Dividends paid to noncontrolling interests (24) (24)
Dividends paid to shareholders (53) (53)
Common stock issued 1 1
Common stock repurchased (600) (297)
Net cash used for financing activities (38) (423)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (95) (9)
Net change in cash, cash equivalents and restricted cash (67) (574)
Cash, cash equivalents and restricted cash at January 1 593 1,238
Cash, cash equivalents and restricted cash at June 30 $ 526 $ 664