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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Operating activities:    
Net income $ 529 $ 308
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 333 331
Operating lease expense 64 64
Equity losses of affiliates 6 4
Cash distributions received from affiliates 7 7
Other, net (130) (71)
Deferred income taxes and taxes payable 79 21
Change in operating assets and liabilities, net of acquisitions:    
Receivables and other assets (222) (172)
Inventories, net 6 27
Accounts payable and other liabilities (242) (36)
Net cash provided by operating activities 430 483
Investing activities:    
Capital expenditures (208) (173)
Acquisitions, net of cash acquired (21) (90)
Investments in equity affiliates and other (46) (11)
Proceeds from property, plant and equipment and other asset dispositions (2) 3
Other, net 28 (5)
Net cash used in investing activities (249) (276)
Financing activities:    
Borrowings 495 146
Repayment of borrowings (500) (248)
Repurchase of shares (43) 0
Dividends paid (86) (80)
Other, net (64) (37)
Net cash used in financing activities (198) (219)
Net change in cash and cash equivalents (17) (12)
Cash and cash equivalents, beginning of period 2,236 1,517
Exchange movement on opening cash balance (35) 57
Cash and cash equivalents, end of period $ 2,184 $ 1,562