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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 144 $ 817
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 342 322
Amortization of debt-related costs 4 1
Share-based compensation 16 12
LCM inventory valuation charge 419 0
Equity investments -    
Equity income 0 (64)
Distributions of earnings, net of tax 15 25
Deferred income taxes 68 46
Changes in assets and liabilities that provided (used) cash:    
Accounts receivable 4 (206)
Inventories 121 (3)
Accounts payable (235) 105
Other, net (356) (398)
Net cash provided by operating activities 542 657
Cash flows from investing activities:    
Expenditures for property, plant and equipment (660) (599)
Proceeds from maturities of available-for-sale debt securities 0 308
Proceeds from sales of equity securities 1 162
Other, net (4) (49)
Net cash used in investing activities (663) (178)
Cash flows from financing activities:    
Repurchases of Company ordinary shares (4) (512)
Dividends paid - common stock (351) (372)
Purchase of non-controlling interest (30) (63)
Issuance of long-term debt 500 0
Repayments of long-term debt 0 (1,000)
Issuance of short-term debt 500 2,000
Net proceeds from (repayments of) commercial paper 516 (559)
Payments on forward-starting interest rate swaps that include financing elements (238)  
Other, net (9) (15)
Net cash provided by (used in) financing activities 884 (521)
Effect of exchange rate changes on cash (18) (1)
Increase (decrease) in cash and cash equivalents and restricted cash 745 (43)
Cash and cash equivalents and restricted cash at beginning of period 888 401
Cash and cash equivalents and restricted cash at end of period $ 1,633 $ 358