XML 20 R7.htm IDEA: XBRL DOCUMENT v3.24.3
Unaudited Interim Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities    
Net earnings (loss) $ 397 $ 1,263
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities    
Asset impairments 39 [1] 9
Depreciation, amortization and accretion 634 544
Pension and postretirement net periodic benefit cost 4 10
Pension and postretirement contributions (39) (37)
Deferred income taxes, net 12 (282)
Gain (Loss) on Disposition of Property Plant Equipment (11) 498
Stock-based compensation 23 36
Undistributed earnings in unconsolidated affiliates (33) 20
Other, net 13 2
Operating cash provided by (used in) discontinued operations (6) (5)
Changes in operating assets and liabilities    
Trade receivables - third party and affiliates, net (109) (16)
Inventories (177) 373
Other assets 50 219
Trade payables - third party and affiliates (33) (171)
Other liabilities (314) (398)
Net cash provided by (used in) operating activities 472 1,069
Investing Activities    
Capital expenditures on property, plant and equipment (330) (440)
Acquisitions, net of cash acquired 0 (52)
Proceeds from sale of businesses and assets, net 0 (480)
Settlement of cross-currency swap agreement 17 0
Other, net (29) (58)
Net cash provided by (used in) investing activities (342) 34
Financing Activities    
Net change in short-term borrowings with maturities of 3 months or less 133 (278)
Proceeds from short-term borrowings 160 452
Repayments of short-term borrowings (418) (603)
Proceeds from long-term debt 299 3,001
Repayments of long-term debt 1,019 3,497
Repayments of long-term debt (1,019) (3,497)
Stock option exercises 1 0
Common stock dividends (230) (228)
Distributions/dividends to noncontrolling interests (25) (11)
Other, net (25) (52)
Net cash provided by (used in) financing activities (1,124) (1,216)
Exchange rate effects on cash and cash equivalents 2 (38)
Net increase (decrease) in cash and cash equivalents (992) (151)
Cash and cash equivalents as of beginning of period 1,805 1,508
Cash and cash equivalents as of end of period $ 813 $ 1,357
[1] Primarily related to an impairment loss on certain trade names, primarily Zytel®, arising from the Company's annual indefinite-lived intangible assets impairment assessment (Note 5).