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Unaudited Interim Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities    
Net earnings (loss) $ 863 $ 329
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities    
Asset impairments 2 29
Depreciation, amortization and accretion 184 175
Pension and postretirement net periodic benefit cost (68) (49)
Pension and postretirement contributions (24) (23)
Deferred income taxes, net 10 (15)
(Gain) loss on disposition of businesses and assets, net 6 1
Stock-based compensation 54 20
Undistributed earnings in unconsolidated affiliates (13) 17
Other, net 7 10
Operating cash provided by (used in) discontinued operations 3 6
Changes in operating assets and liabilities    
Trade receivables - third party and affiliates, net (437) 167
Inventories (150) 27
Other assets (143) 84
Trade payables - third party and affiliates 242 (150)
Other liabilities 7 10
Net cash provided by (used in) operating activities 543 638
Investing Activities    
Capital expenditures on property, plant and equipment (202) (207)
Payments to Acquire Businesses, Net of Cash Acquired 0 (88)
Proceeds from sale of businesses and assets, net 1 3
Proceeds from sale of marketable securities 500 0
Other, net (24) (17)
Net cash provided by (used in) investing activities 275 (309)
Financing Activities    
Net change in short-term borrowings with maturities of 3 months or less 412 (136)
Proceeds from short-term borrowings 0 306
Repayments of short-term borrowings (6) (50)
Repayments of long-term debt (415) (16)
Purchases of treasury stock, including related fees (517) (167)
Common stock dividends (154) (148)
Distributions to noncontrolling interests (13) (13)
Other, net (22) (24)
Net cash provided by (used in) financing activities (715) (248)
Exchange rate effects on cash and cash equivalents (4) (5)
Net increase (decrease) in cash and cash equivalents 99 76
Cash and cash equivalents as of beginning of period 955 463
Cash and cash equivalents as of end of period $ 1,054 $ 539