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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Operating activities:      
Net (loss) income $ (1,545) $ 228 $ (1,444)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 644 659 472
Operating lease expense 160 0 0
Equity losses of affiliates 47 17 1,006
Cash distributions received from affiliates 7 32 5
Impairment charges 1,690 96 280
Other, net (9) (33) 324
Deferred income taxes and taxes payable (51) 0 202
Change in operating assets and liabilities, net of acquisitions:      
Receivables and other assets (1,470) 134 (128)
Inventories, net 9 (58) (14)
Accounts payable and other liabilities 1,298 (147) 54
Net cash provided by operating activities 780 928 757
Investing activities:      
Capital expenditures (438) (572) (364)
Acquisitions, net of cash acquired (32) (188) (77)
Investments in equity affiliates and other (8) (4) (18)
Other investments 11 (34) (33)
Proceeds from property, plant and equipment and other asset dispositions 36 103 138
Other, net 4 18 33
Net cash used in investing activities (427) (677) (321)
Financing activities:      
Borrowings 926 681 95
Repayment of borrowings (1,226) (1,116) (213)
Dividends paid (158) (161) (158)
Other, net (14) (14) (122)
Net cash used in financing activities (472) (610) (398)
Net change in cash and cash equivalents (119) (359) 38
Cash and cash equivalents, beginning of year 1,643 2,034 2,016
Exchange movement on opening cash balance (7) (32) (20)
Cash and cash equivalents, end of year $ 1,517 $ 1,643 $ 2,034