XML 21 R7.htm IDEA: XBRL DOCUMENT v3.22.2
Unaudited Interim Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net earnings (loss) $ 940 $ 863
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities    
Asset impairments 0 2
Depreciation, amortization and accretion 213 184
Pension and postretirement net periodic benefit cost (42) (68)
Pension and postretirement contributions (23) (24)
Deferred income taxes, net 15 10
(Gain) loss on disposition of businesses and assets, net (8) 6
Stock-based compensation 31 54
Undistributed earnings in unconsolidated affiliates (10) (13)
Other, net 5 7
Operating cash provided by (used in) discontinued operations (19) 3
Changes in operating assets and liabilities    
Trade receivables - third party and affiliates, net (216) (437)
Inventories (251) (150)
Other assets 22 (143)
Trade payables - third party and affiliates 169 242
Other liabilities (15) 7
Net cash provided by (used in) operating activities 811 543
Investing Activities    
Capital expenditures on property, plant and equipment (261) (202)
Acquisitions, net of cash acquired (14) 0
Proceeds from sale of businesses and assets, net 16 1
Proceeds from sale of marketable securities 0 500
Other, net (26) (24)
Net cash provided by (used in) investing activities (285) 275
Financing Activities    
Net change in short-term borrowings with maturities of 3 months or less 19 412
Repayments of short-term borrowings 0 (6)
Repayments of long-term debt (14) (415)
Purchases of treasury stock, including related fees (17) (517)
Common stock dividends (147) (154)
Distributions to noncontrolling interests (7) (13)
Issuance cost of bridge facility (63) 0
Other, net (25) (22)
Net cash provided by (used in) financing activities (254) (715)
Exchange rate effects on cash and cash equivalents (25) (4)
Net increase (decrease) in cash and cash equivalents 247 99
Cash and cash equivalents as of beginning of period 536 955
Cash and cash equivalents as of end of period $ 783 $ 1,054