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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 531 $ 442 $ 299
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of property, plant and equipment 109 104 96
Amortization of intangible assets 46 46 52
Unrealized loss (gain) on marketable securities 22 (4) 0
Stock-based compensation 18 14 17
Loss on intercompany foreign exchange 6 0 2
Technology-related investments gain (6) (3) 0
Amortization of deferred financing costs 4 4 4
Deferred income taxes (4) 64 69
Expenses related to long-term debt refinancing 0 0 19
Other 2 0 1
Changes in assets and liabilities:      
Accounts receivable (70) (78) 28
Inventories (25) (26) 21
Accounts payable 15 24 (4)
Other assets and liabilities 9 48 (43)
Net cash provided by operating activities 657 635 561
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions of long-lived assets (167) (175) (115)
Business acquisitions (23) 0 4
Proceeds from technology-related investments 6 4 0
Proceeds from sale of assets 2 0 0
Investment in equity method investee (1) 0 0
Investment in marketable securities 0 (41) 0
Loans to third parties 0 (12) 0
Repayments from loans to third parties 0 12 0
Net cash used for investing activities (183) (212) (111)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repurchases of common stock (278) (513) (225)
Repayments on revolving credit facility (95) 0 (800)
Borrowings on revolving credit facility 95 0 800
Dividend payments (80) (81) (78)
Payments on long-term debt (7) (7) (1,019)
Taxes paid related to net share settlement of equity awards (4) (3) (2)
Proceeds from exercise of stock options 2 3 2
Payment of acquisition-related contingent liability 0 (3) (3)
Issuance of long-term debt 0 0 1,000
Debt financing fees 0 0 (10)
Net cash used for financing activities (367) (604) (335)
Effect of exchange rate changes on cash (2) (2) 3
Net increase (decrease) in cash and cash equivalents 105 (183) 118
Cash and cash equivalents at beginning of period 127 310 192
Cash and cash equivalents at end of period 232 127 310
Cash paid during period for:      
Income taxes 102 60 26
Interest 117 103 136
Non-cash investing activities:      
Capital expenditures in liabilities $ 11 $ 9 $ 11