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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Dec. 31, 2019
Jun. 30, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows provided by (used in) operating activities        
Net (loss) income $ (88) $ 2,895 $ (163) $ (234)
Adjustments to reconcile net income to net cash used in operating activities:        
Depreciation, Depletion and Amortization (110) (52) (113) (115)
Non-cash asset impairments and accelerated depreciation 0 0 32 27
Non-cash reorganization items, net 0 (3,293) 0 0
Deferred tax (benefit) expense (12) 156 12 (3)
Gain on dispositions (see Note 15) 0 0 44 0
Gain (Loss) on Disposition of Assets (6) (3) (6) 1
Amortization of deferred financing fees 0 0 49 16
Loss on extinguishment of debt 0 0 0 (3)
Unrealized foreign currency (gains) losses 1 7 (2) (3)
Unrealized losses (gains) on pension and postretirement benefit plan liabilities 5 0 (13) (4)
Financing fees included in net loss 0 136 0 0
Other non-cash adjustments (3) (2) (2) (5)
Net change in assets and liabilities:        
Accounts receivable (136) 88 (24) 50
Inventories (17) 19 31 10
Accounts and drafts payable (20) (28) (1) 19
Income taxes payable (3) 18 8 9
Other assets, current and non-current (28) 7 15 (1)
Other liabilities, current and long-term 12 11 0 (39)
Net cash provided by (used in) operating activities 224 (173) (23) (153)
Interest Costs Capitalized 0 0 0 (1)
Cash flows (used in) provided by investing activities        
Capital expenditures (58) (43) (90) (117)
Proceeds from the dispositions, net 0 0 49 0
Proceeds from Sale of Property, Plant, and Equipment 0 1 1 8
Net cash (used in) provided by investing activities (58) (42) (40) (110)
Cash flows used in financing activities        
Net short-term debt (repayments) borrowings (24) (4) 10 21
Borrowings of long-term debt 118 2,313 540 1,429
Repayments of long-term debt (130) (2,261) (468) (1,251)
Long-term debt and credit facility financing fees (2) (136) (1) (25)
Net cash (used in) provided by financing activities (38) 212 81 174
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1 0 (5) 8
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 129 (3) 13 (81)
Cash, cash equivalents and restricted cash at beginning of period 125 128 115 196
Cash, cash equivalents and restricted cash at end of period 254   128 115
Supplemental disclosures of cash flow information        
Interest, net 22 71 318 302
Income taxes, net of cash refunds 10 10 17 13
Cash paid for reorganization items 0 188 0 0
Proceeds from rights offering $ 0 $ 300 $ 0 $ 0