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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities    
Net income (loss) $ (10) $ (269)
Adjustments to reconcile net loss to net cash provided by operations:    
Depreciation and amortization 14 15
Amortization of intangibles 18 20
Equity-based compensation expense 10 8
Deferred income tax benefit (7) (10)
Amortization of debt issuance costs 1 0
Increase (decrease) in LIFO reserve 47 (20)
Goodwill and intangible asset impairment 0 242
Lease impairment and abandonment 0 15
Inventory-related charges 0 34
Provision for credit losses 0 3
Other 3 3
Changes in operating assets and liabilities:    
Accounts receivable (81) 110
Inventories (15) 102
Other current assets (11) (3)
Accounts payable 68 (63)
Accrued expenses and other current liabilities (21) (9)
Net cash provided by operations 16 178
Investing activities    
Purchases of property, plant and equipment (6) (8)
Other investing activities 2 1
Net cash used in investing activities (4) (7)
Financing activities    
Payments on revolving credit facilities (262) (655)
Proceeds from revolving credit facilities 290 519
Payments on long-term obligations (87) (5)
Debt issuance costs paid (3) 0
Dividends paid on preferred stock (18) (18)
Repurchases of shares to satisfy tax withholdings (2) (3)
Net cash used in financing activities (82) (162)
(Decrease) increase in cash (70) 9
Effect of foreign exchange rate on cash (2) (1)
Cash -- beginning of period 119 32
Cash -- end of period 47 40
Supplemental disclosures of cash flow information:    
Cash paid for interest 16 21
Cash paid for income taxes $ 16 $ 3