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Unaudited Interim Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Activities    
Net earnings (loss) $ 124 $ 93
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities    
Depreciation, amortization and accretion 227 178
Pension and postretirement net periodic benefit cost 1 3
Pension and postretirement contributions (13) (12)
Deferred income taxes, net (6) 1
Gain (Loss) on Disposition of Property Plant Equipment (1) 6
Stock-based compensation 10 14
Undistributed earnings in unconsolidated affiliates (28) 25
Other, net 3 (1)
Operating cash provided by (used in) discontinued operations (8) 1
Changes in operating assets and liabilities    
Trade receivables - third party and affiliates, net (55) (216)
Inventories (19) 45
Other assets 34 99
Trade payables - third party and affiliates (21) (22)
Other liabilities (149) (298)
Net cash provided by (used in) operating activities 101 (96)
Investing Activities    
Capital expenditures on property, plant and equipment (137) (164)
Proceeds from sale of businesses and assets, net 0 9
Other, net (14) (23)
Net cash provided by (used in) investing activities (151) (178)
Financing Activities    
Net change in short-term borrowings with maturities of 3 months or less 10 (300)
Proceeds from short-term borrowings 146 338
Repayments of short-term borrowings (418) 0
Proceeds from long-term debt 111 0
Repayments of long-term debt 6 7
Repayments of long-term debt (6) (7)
Stock option exercises 1 0
Common stock dividends (77) (76)
Distributions/dividends to noncontrolling interests (4) (1)
Other, net (22) (23)
Net cash provided by (used in) financing activities (259) (69)
Exchange rate effects on cash and cash equivalents (13) 2
Net increase (decrease) in cash and cash equivalents (322) (341)
Cash and cash equivalents as of beginning of period 1,805 1,508
Cash and cash equivalents as of end of period $ 1,483 $ 1,167