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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net earnings (loss) $ 23 $ (29)
Adjustments to reconcile net earnings (loss) to cash flows from operating activities    
Depreciation and amortization 66 64
Deferred income taxes and tax uncertainties (NOTE 7) 2 (4)
Impairment of long-lived assets (NOTE 10)   6
Net loss on disposition of discontinued operations (NOTE 3)   32
Stock-based compensation expense   2
Other (4) 2
Changes in assets and liabilities, excluding the effect of sale of business    
Receivables (21) (68)
Inventories (6) 32
Prepaid expenses 15 3
Trade and other payables (21) (6)
Income and other taxes 5 4
Difference between employer pension and other post-retirement contributions and pension and other post-retirement expense (7) (3)
Other assets and other liabilities (3) (2)
Cash flows from operating activities 49 33
Investing activities    
Additions to property, plant and equipment (83) (51)
Proceeds from disposals of property, plant and equipment 14  
Proceeds from sale of business, net of cash disposed (NOTE 3)   897
Cash flows (used for) provided from investing activities (69) 846
Financing activities    
Stock repurchase   (223)
Net change in bank indebtedness   4
Borrowings under revolving credit facility 35  
Issuance of long-term debt, net of debt issue costs 127  
Repayments of long-term debt (372) (294)
Other (2) (3)
Cash flows used for financing activities (212) (516)
Net (decrease) increase in cash and cash equivalents (232) 363
Impact of foreign exchange on cash   (1)
Cash and cash equivalents at beginning of period 286 309
Cash and cash equivalents at end of period 54 671
Supplemental cash flow information    
Interest 27 18
Income taxes $ 2 $ (7)