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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2019
Jun. 30, 2019
Sep. 30, 2018
Cash flows provided by (used in) operating activities      
Net (loss) income $ (43) $ 2,895 $ (52)
Adjustments to reconcile net income to net cash used in operating activities:      
Depreciation and amortization 55 52 85
Non-cash asset impairments 0 0 30
Non-cash reorganization items, net 0 (3,293) 0
Deferred Income Tax Expense (Benefit) (8) 156 0
Loss on sale of assets 0 (3) 3
Gain on disposition 0 0 (44)
Amortization of deferred financing fees 0 0 13
Unrealized foreign currency losses (gains) 6 7 12
DIP financing fees included in net loss 0   0
Financing fees included in net loss   136  
Other non-cash adjustments 3 (2) 0
Net change in assets and liabilities:      
Accounts receivable 22 88 (25)
Inventories 29 19 (91)
Accounts payable (67) (28) 10
Income taxes payable 0 18 4
Other assets, current and non-current 10 7 (20)
Other liabilities, current and long-term 18 11 26
Net cash provided by (used in) operating activities 25 (173) (49)
Cash flows provided by (used in) investing activities      
Capital expenditures (22) (43) (62)
Proceeds from disposition, net 0 0 49
Proceeds from sale of assets, net 0 1 1
Net cash (used in) provided by investing activities (22) (42) (12)
Cash flows (used in) provided by financing activities      
Net short-term debt borrowings (6) (4) 6
Borrowings of long-term debt 91 2,313 425
Repayments of long-term debt (100) 2,261 (343)
Proceeds from the Rights Offerings 0 300 0
Long-term debt and credit facility financing fees (2) (136) (1)
Net cash (used in) provided by financing activities (17) 212 87
Effect of exchange rates on cash and cash equivalents, including restricted cash (3) 0 (4)
Change in cash and cash equivalents, including restricted cash (17) (3) 22
Cash, cash equivalents and restricted cash at beginning of period 125 128 115
Cash, cash equivalents and restricted cash at end of period 108   137
Supplemental disclosures of cash flow information      
Interest, net 3 71 219
Income taxes, net of cash refunds 4 10 12
Cash paid for reorganization items $ 0 $ 188 $ 0