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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Statement of Cash Flows [Abstract]      
Net income $ 254 $ 401 $ 549
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 117 117 117
Amortization 134 140 144
Deferred income taxes (31) (77) (47)
Share-based compensation 26 29 30
Restructuring and asset impairment charges 75 63 22
Goodwill, Impairment Loss 58 148 0
Gain from sale of businesses 0 (1) 0
Other, net 46 9 9
Payments for restructuring (36) (30) (21)
Contributions to post-retirement benefit plans (27) (19) (41)
Changes in assets and liabilities (net of acquisitions):      
Changes in receivables 109 (23) (103)
Changes in inventories (5) 47 (97)
Changes in accounts payable (39) 29 51
Changes in accrued liabilities 101 15 (6)
Changes in accrued taxes 20 (13) 0
Net changes in other assets and liabilities 22 4 (21)
Net Cash — Operating activities 824 839 586
Investing Activities      
Capital expenditures (183) (226) (237)
Acquisitions of businesses and assets, net of cash acquired 0 (18) (433)
Proceeds from sale of businesses 0 0 22
Cash received from investments 200 11 11
Cash paid for investments (200) (7) (11)
Proceeds from Derivative Instrument, Investing Activities 12 9 0
Other, net 2 0 5
Net Cash — Investing activities (169) (231) (643)
Financing Activities      
Short-term debt issued, net 359 281 335
Short-term debt repaid, net (640) (254) (52)
Long-term debt issued, net 985 0 1
Long-term debt repaid, net 0 0 (120)
Repurchase of common stock (61) (40) (59)
Proceeds from exercise of employee stock options 20 13 7
Dividends paid (188) (174) (152)
Other, net (2) (3) 0
Net Cash — Financing activities 473 (177) (40)
Effect of exchange rate changes on cash 23 (3) (21)
Net change in cash and cash equivalents 1,151 428 (118)
Cash and cash equivalents at beginning of year 724 296 414
Cash and cash equivalents at end of year 1,875 724 296
Cash paid during the year for:      
Interest 77 77 78
Income taxes (net of refunds received) $ 41 $ 107 $ 75