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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
1 Months Ended 11 Months Ended 12 Months Ended
Dec. 31, 2019
Dec. 13, 2019
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:        
Net Income (Loss) $ (24,000,000) $ 3,684,000,000 $ (429,000,000) $ (1,899,000,000)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (Used in) Operating Activities:        
Depreciation and Amortization 34,000,000 447,000,000 440,000,000 503,000,000
Bond Redemption Premium and Loss on Extinguishment of Debt and Termination of ABL Credit Agreement 0 0 170,000,000 15,000,000
Gain on Settlement of Liabilities Subject to Compromise 0 (4,297,000,000) 0 0
Reorganization Items 0 (1,161,000,000) 0 0
Goodwill and Long-Lived Assets Impairment 0 750,000,000 0 1,053,000,000
Inventory Charges 0 159,000,000 62,000,000 210,000,000
Asset Write-Downs and Other Charges 0 145,000,000 0 60,000,000
Employee Share-Based Compensation Expense 0 46,000,000 25,000,000 0
Gain (Loss) on Disposition of Other Assets 0 0 (22,000,000) 2,000,000
Gain (Loss) on Disposition of Business 0 112,000,000 0 0
Deferred Income Tax Provision (Benefit) 0 25,000,000 (10,000,000) (5,000,000)
Change in Operating Assets and Liabilities, Net:        
Accounts Receivable 36,000,000 (135,000,000) (6,000,000) 378,000,000
Inventories 18,000,000 (215,000,000) (18,000,000) 64,000,000
Accounts Payable (79,000,000) (72,000,000) 56,000,000 (250,000,000)
Other Assets and Liabilities, Net 76,000,000 (11,000,000) 54,000,000 79,000,000
Net Cash Provided by (Used in) Operating Activities 61,000,000 (747,000,000) 322,000,000 210,000,000
Cash Flows From Investing Activities:        
Capital Expenditures for Property, Plant and Equipment (20,000,000) (250,000,000) (85,000,000) (154,000,000)
Proceeds from Divestiture of Businesses and Investments 7,000,000 328,000,000 0 11,000,000
Proceeds from Sale of Property, Plant, and Equipment 0 84,000,000 41,000,000 22,000,000
Proceeds from Sale and Maturity of Held-to-maturity Securities 0 0 0 50,000,000
Payments for (Proceeds from) Other Investing Activities (1,000,000) (13,000,000) (39,000,000) (4,000,000)
Net Cash Provided by (Used in) Investing Activities (14,000,000) 149,000,000 (83,000,000) (75,000,000)
Cash Flows From Financing Activities:        
Borrowings of Long-term Debt 0 1,600,000,000 2,073,000,000 453,000,000
Repayments of Long-term Debt (1,000,000) (318,000,000) (2,313,000,000) (9,000,000)
Bond Redemption Premium 0 0 (131,000,000) 0
Repayments of Short-term Debt, Net (1,000,000) (347,000,000) (4,000,000) (27,000,000)
Borrowings on Debtor in Possession (“DIP”) Credit Agreement 0 1,529,000,000 0 0
Repayment on DIP Credit Agreement upon Emergence 0 (1,529,000,000) 0 0
DIP Financing Fees and Payments on Backstop Agreement 0 (137,000,000) 0 0
Deferred Consideration Payment 0 0 0 (24,000,000)
Other Financing Activities, Net 0 (49,000,000) (28,000,000) (45,000,000)
Net Cash Provided by (Used in) Financing Activities, Total (2,000,000) 749,000,000 (403,000,000) 348,000,000
Effect of Exchange Rate Changes on Cash and Cash Equivalents 1,000,000 1,000,000 (8,000,000) 2,000,000
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 46,000,000 152,000,000 (172,000,000) 485,000,000
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 754,000,000 602,000,000 1,285,000,000 800,000,000
Cash, Cash Equivalents and Restricted Cash at End of Period 800,000,000 754,000,000 1,113,000,000 1,285,000,000
Supplemental Cash Flow Information [Abstract]        
Interest Paid, Excluding Capitalized Interest, Operating Activities 0 272,000,000 269,000,000 232,000,000
Income Taxes Paid, Net $ 2,000,000 $ 89,000,000 $ 62,000,000 $ 79,000,000