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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income (loss) including noncontrolling interest $ 309 $ 10 $ (47)
Adjustments to reconcile net income (loss) including noncontrolling interest to net cash provided by operating activities:      
Share-based compensation 8 5 4
Depreciation and amortization 164 169 167
Closure costs, impairment and other related charges 144 53 18
Inventory write-downs related to closures 29 25 13
Deferred income taxes 192 51 58
Net pension contributions and other postretirement benefit payments (91) (87) (125)
Net gain on disposition of assets 0 (11) (2)
Gain on translation of foreign currency denominated deferred income taxes (9) (15) (42)
Loss on translation of foreign currency denominated pension and other postretirement benefit obligations 10 17 43
Net planned major maintenance (payments) amortization (17) 6 13
Changes in working capital:      
Accounts receivable (31) 80 88
Inventories (77) 44 (27)
Other current assets 0 (12) 0
Accounts payable and other 1 2 (92)
Other, net 16 (3) 16
Net cash provided by operating activities 648 334 85
Cash flows from investing activities:      
Cash invested in fixed assets (112) (78) (113)
Acquisition of business, net of cash acquired 0 (172) 0
Disposition of assets 1 14 3
Increase in countervailing and anti-dumping duty cash deposits on softwood lumber (154) (81) (59)
Decrease in countervailing duty cash deposits on uncoated groundwood and supercalendered paper 0 0 7
Proceeds from insurance settlement 0 15 0
Other investing activities, net 3 5 0
Net cash used in investing activities (262) (297) (162)
Cash flows from financing activities:      
Net (repayments) borrowings under revolving credit facilities 0 (71) 71
Issuance of long-term debt 300 0 0
Payment of special dividend (79) 0 0
Proceeds from long-term debt 0 180 0
Repayments of debt (558) (1) (271)
Purchases of treasury stock (48) (30) (24)
Payments of financing fees (8) 0 (4)
Other financing activities, net 1 0 0
Net cash (used in) provided by financing activities (392) 78 (228)
Effect of exchange rate changes on cash and cash equivalents, and restricted cash (1) 2 2
Net (decrease) increase in cash and cash equivalents, and restricted cash (7) 117 (303)
Cash and cash equivalents, and restricted cash:      
Beginning of year 159 42 345
End of year 152 159 42
Cash and cash equivalents, and restricted cash at year end:      
Cash and cash equivalents 112 113 3
Restricted cash (included in “Other current assets”) 0 4 0
Restricted cash (included in “Other assets”) 40 42 39
Cash paid (received) during the year for:      
Interest, including capitalized interest 20 32 26
Income taxes $ 3 $ (1) $ (11)