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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net income $ 38 $ 79
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 29 29
Amortization 35 35
Share-based compensation 8 9
Restructuring and asset impairment charges 2 11
Gain from sale of business 0 (1)
Other, net 4 1
Payments for restructuring (8) (4)
Changes in assets and liabilities (net of acquisitions):    
Changes in receivables 23 7
Changes in inventories (54) (25)
Changes in accounts payable (68) (17)
Other, net (11) (41)
Net Cash – Operating activities (2) 83
Investing Activities    
Capital expenditures (51) (69)
Acquisitions of businesses, net of cash acquired 0 (5)
Other, net 3 (3)
Net Cash – Investing activities (48) (77)
Financing Activities    
Short-term debt issued, net 193 50
Short-term debt repaid (3) 0
Repurchase of common stock (60) (39)
Proceeds from exercise of employee stock options 5 4
Dividends paid (48) (44)
Net Cash – Financing activities 87 (29)
Effect of exchange rate changes on cash (22) 2
Net change in cash and cash equivalents 15 (21)
Cash and cash equivalents at beginning of year 724 296
Cash and cash equivalents at end of period 739 275
Cash paid during the period for:    
Interest 12 13
Income taxes (net of refunds received) $ 8 $ 18