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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 101 $ 97
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 19 14
Provision for inventory 5 5
Impairment and other charges 0 10
Stock-based compensation 11 7
Other, net 14 (2)
Change in operating assets and liabilities, net of effects of acquisitions:    
Receivables 2 (110)
Inventories (35) (122)
Prepaid and other current assets (1) (4)
Accounts payable, accrued liabilities and other, net (33) 99
Net cash provided by (used in) operating activities 83 (6)
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (33) (21)
Purchases of property, plant and equipment (15) (7)
Other, net 1 2
Net cash provided by (used in) investing activities (47) (26)
Cash flows from financing activities:    
Repurchases of common stock (49) (4)
Payments relating to finance leases and other, net (5) (1)
Net cash provided by (used in) financing activities (54) (5)
Effect of exchange rates on cash and cash equivalents 0 (9)
Net change in cash and cash equivalents (18) (46)
Cash and cash equivalents, beginning of period 212 313
Cash and cash equivalents, end of period $ 194 $ 267