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Unaudited Interim Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities    
Net earnings (loss) $ 1,370 $ 538
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities    
Asset impairments 2 31
Depreciation, amortization and accretion 278 265
Pension and postretirement net periodic benefit cost (102) (74)
Pension and postretirement contributions (36) (35)
Deferred income taxes, net 9 (90)
(Gain) loss on disposition of businesses and assets, net (7) 1
Stock-based compensation 76 17
Undistributed earnings in unconsolidated affiliates (48) (2)
Other, net 21 15
Operating cash provided by (used in) discontinued operations 14 7
Changes in operating assets and liabilities    
Trade receivables - third party and affiliates, net (402) 196
Inventories (207) 78
Other assets (150) 68
Trade payables - third party and affiliates 259 (57)
Other liabilities 96 111
Net cash provided by (used in) operating activities 1,173 1,069
Investing Activities    
Capital expenditures on property, plant and equipment (304) (279)
Payments to Acquire Businesses, Net of Cash Acquired (15) (100)
Proceeds from sale of businesses and assets, net 22 17
Proceeds from sale of marketable securities 500 0
Other, net (36) (25)
Net cash provided by (used in) investing activities 167 (387)
Financing Activities    
Net change in short-term borrowings with maturities of 3 months or less 17 170
Proceeds from short-term borrowings 0 306
Repayments of short-term borrowings (6) (452)
Proceeds from long-term debt 991 0
Repayments of long-term debt (778) (23)
Purchases of treasury stock, including related fees (803) (272)
Common stock dividends (230) (221)
Distributions to noncontrolling interests (21) (21)
Other, net (41) (25)
Net cash provided by (used in) financing activities (943) (538)
Exchange rate effects on cash and cash equivalents (12) 8
Net increase (decrease) in cash and cash equivalents 385 152
Cash and cash equivalents as of beginning of period 955 463
Cash and cash equivalents as of end of period 1,340 615
Payments for (Proceeds from) Hedge, Financing Activities $ (72) $ 0