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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 129 $ 120
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 27 25
Unrealized loss on marketable securities 15  
Amortization of intangible assets 11 12
Technology-related investments gain (6)  
Deferred income taxes 5 14
Stock-based compensation 3 3
Other 2  
Changes in assets and liabilities:    
Accounts receivable (44) (66)
Inventories (6) (14)
Accounts payable 43 3
Other assets and liabilities (16) 34
Net cash provided by operating activities 163 131
CASH FLOWS FROM INVESTING ACTIVITIES:    
Business acquisitions (23)  
Additions of long-lived assets (20) (24)
Proceeds from technology-related investments 6  
Investment in equity method investee (1)  
Net cash used for investing activities (38) (24)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings on revolving credit facility 95  
Payments on revolving credit facility (95)  
Repurchases of common stock (81) (96)
Dividend payments (20) (21)
Taxes paid related to net share settlement of equity awards (3) (3)
Payments on long-term debt (2) (2)
Proceeds from exercise of stock options   1
Net cash used for financing activities (106) (121)
Effect of exchange rate changes on cash (1) (1)
Net increase (decrease) in cash and cash equivalents 18 (15)
Cash and cash equivalents at beginning of period 127 310
Cash and cash equivalents at end of period 145 295
Supplemental disclosures:    
Interest paid 26 7
Income taxes paid $ 1 $ 1