XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows provided by (used in) operating activities    
Net Income (Loss) Attributable to Parent $ 98 $ (195)
Loss from discontinued operations, net of taxes (5) (71)
Net income (loss) from continuing operations 103 (124)
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 148 143
Non-cash asset impairments 0 16
Deferred Income Tax Expense (Benefit) (3) 5
Loss on sale of assets and dispositions 2 7
Unrealized foreign currency losses (gains) 8 (1)
Non-cash stock based compensation expense 23 13
Other non-cash adjustments 0 (1)
Net change in assets and liabilities:    
Accounts receivable (93) (55)
Inventories (139) 31
Accounts payable 34 (14)
Income taxes payable 38 (8)
Other assets, current and non-current (2) (27)
Other liabilities, current and long-term (13) (22)
Net cash provided by (used in) operating activities from continuing operations 106 (37)
Net cash (used in) provided by operating activities from discontinued operations (1) 12
Net Cash Provided by (Used in) Operating Activities 105 (25)
Cash flows provided by (used in) investing activities    
Capital expenditures (80) (78)
Proceeds from disposition of Held for Sale Business (see Note 4) 304 0
Proceeds from sale of assets and other dispositions 11 2
Net cash provided by (used in) investing activities from continuing operations 235 (76)
Net cash used in investing activities from discontinued operations (6) (13)
Net cash provided by (used in) investing activities 229 (89)
Cash flows (used in) provided by financing activities    
Net short-term debt borrowings (8) (12)
Borrowings of long-term debt 131 209
Repayments of long-term debt (301) (167)
Return of Capital from parent 0 (10)
Long-term debt and credit facility financing fees 1 0
Net cash (used in) provided by financing activities (179) 20
Effect of exchange rates on cash and cash equivalents, including restricted cash 0 (2)
Change in cash and cash equivalents, including restricted cash and cash classified within current assets held for sale 155 (96)
Increase (Decrease) in cash classified as held for sale (5) 0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance 204 254
Cash, cash equivalents and restricted cash at end of period 354 158
Supplemental disclosures of cash flow information    
Interest, net 80 88
Income taxes, net of cash refunds $ 21 $ 12