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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 251 $ 230
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 53 51
Amortization of intangible assets 23 23
Unrealized loss on marketable securities 11  
Stock-based compensation 9 8
Deferred income taxes 9 29
Technology-related investments gain (6)  
Loss on intercompany foreign exchange 3 1
Other 5 1
Changes in assets and liabilities:    
Accounts receivable (70) (73)
Inventories (29) (26)
Accounts payable 17 2
Other assets and liabilities (47) 25
Net cash provided by operating activities 229 271
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions of long-lived assets (50) (69)
Business acquisitions (23)  
Proceeds from technology-related investments 6  
Investment in equity method investee (1)  
Net cash used for investing activities (68) (69)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchases of common stock (115) (226)
Borrowings on revolving credit facility 95  
Payments on revolving credit facility (95)  
Dividend payments (41) (42)
Taxes paid related to net share settlement of equity awards (4) (3)
Payments on long-term debt (3) (3)
Proceeds from exercise of stock options 1 3
Payments of acquisition-related contingent liability   (3)
Net cash used for financing activities (162) (274)
Effect of exchange rate changes on cash (4)  
Net decrease in cash and cash equivalents (5) (72)
Cash and cash equivalents at beginning of period 127 310
Cash and cash equivalents at end of period 122 238
Supplemental disclosures:    
Interest paid 57 38
Income taxes paid $ 59 $ 45