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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating activities:    
Net income $ 160 $ 529
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 353 333
Operating lease expense 57 64
Equity losses of affiliates 33 6
Cash distributions received from affiliates 5 7
Other, net 24 (130)
Deferred income taxes and taxes payable 17 79
Change in operating assets and liabilities, net of acquisitions:    
Receivables and other assets (351) (222)
Inventories, net (11) 6
Accounts payable and other liabilities (126) (242)
Net cash provided by operating activities 161 430
Investing activities:    
Capital expenditures (217) (208)
Acquisitions, net of cash acquired (15) (21)
Investments in equity affiliates and other (92) (46)
Proceeds from property, plant and equipment and other asset dispositions 8 (2)
Other, net (21) 28
Net cash used in investing activities (337) (249)
Financing activities:    
Borrowings 407 495
Repayment of borrowings (462) (500)
Repurchase of shares (178) (43)
Dividends paid (89) (86)
Other, net 10 (64)
Net cash used in financing activities (312) (198)
Net change in cash and cash equivalents (488) (17)
Cash and cash equivalents, beginning of period 1,822 2,236
Exchange movement on opening cash balance (6) (35)
Cash and cash equivalents, end of period $ 1,328 $ 2,184