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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 503 $ 390
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 81 82
Amortization of intangible assets 33 35
Deferred income taxes (22) 1
Stock-based compensation 17 14
Technology-related investments gain (3) (6)
Unrealized (gain) loss on marketable securities (1) 20
Loss on intercompany foreign exchange 0 5
Other 4 5
Changes in assets and liabilities:    
Accounts receivable (12) (89)
Inventories (60) (28)
Accounts payable 34 36
Other assets and liabilities (28) (32)
Net cash provided by operating activities 546 433
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions of long-lived assets (73) (75)
Proceeds from technology-related investments 2 6
Business acquisitions 0 (23)
Investment in equity method investee 0 (1)
Net cash used for investing activities (71) (93)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchases of common stock (157) (216)
Dividend payments (63) (61)
Proceeds from exercise of stock options 27 1
Taxes paid related to net share settlement of equity awards (7) (4)
Payments on long-term debt (5) (5)
Payments on revolving credit facility 0 (95)
Borrowings on revolving credit facility 0 95
Net cash used for financing activities (205) (285)
Effect of exchange rate changes on cash (1) (2)
Net increase in cash and cash equivalents 269 53
Cash and cash equivalents at beginning of period 232 127
Cash and cash equivalents at end of period 501 180
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Income taxes paid (164) (85)
Interest paid (95) (84)
Interest received from interest rate swaps 8 0
Non-cash investing activities:    
Capital expenditures in liabilities $ 19 $ 23