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Consolidated Statements of Cash Flows (Condensed) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities    
Net income $ 733 $ 549
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 346 352
Loss on sale of discontinued businesses 0 89
Loss on debt extinguishment (11) 0
Restructuring and other, net (75) (40)
Pension expense 21 36
Pension contributions 55 (287)
Stock-based compensation 23 27
Working capital changes and other (980) (481)
Net cash provided by operating activities 134 245
Cash flows from investing activities    
Capital expenditures (607) (512)
Net investment hedge 26 25
Proceeds from sale of businesses, net of cash received 182 2,255
Proceeds from sale of property, plant and equipment 15 24
Acquisition of business, net of cash acquired (31) 0
Other 3 (1)
Net cash (used for) / provided by investing activities (412) 1,791
Cash flows from financing activities    
Net change in revolving credit facility and short-term debt 415 (35)
Proceeds from long-term debt 2,954 80
Payments of long-term debt (2,263) (64)
Debt issuance costs (25) 0
Premiums paid to retire debt (4) 0
Foreign exchange derivatives related to debt (8) (13)
Payments of finance leases (2) (2)
Dividends paid to noncontrolling interests (34) (56)
Dividends paid to shareholders (80) (79)
Common stock issued 1 1
Common stock repurchased (722) (745)
Net cash provided by / (used for) financing activities 232 (913)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (95) (34)
Net change in cash, cash equivalents and restricted cash (141) 1,089
Cash, cash equivalents and restricted cash at January 1 593 1,238
Cash, cash equivalents and restricted cash at September 30 $ 452 $ 2,327