XML 32 R8.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows From Operating Activities:      
Net Income (Loss) $ 51 $ (429) $ (1,899)
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:      
Depreciation and Amortization 349 440 503
Bond Redemption Premium and Loss on Extinguishment of Debt and Termination of ABL Credit Agreement 5 170 15
Goodwill and Long-Lived Assets Impairment 0 0 1,053
Inventory Charges 36 62 210
Asset Write-Downs and Other Charges 5 0 60
Employee Share-Based Compensation Expense 25 25 0
Loss (Gain) on Disposition of Assets (41) (22) 2
Deferred Income Tax Provision (Benefit) 4 (10) (5)
Change in Operating Assets and Liabilities, Net:      
Accounts Receivable (193) (6) 378
Inventories (56) (18) 64
Accounts Payable 84 56 (250)
Other Assets and Liabilities, Net 80 54 79
Net Cash Provided by Operating Activities 349 322 210
Cash Flows From Investing Activities:      
Capital Expenditures for Property, Plant and Equipment (132) (85) (154)
Proceeds from Divestiture of Businesses and Investments 0 0 11
Proceeds from Disposition of Assets 82 41 22
Proceeds from Bond Maturities 0 0 50
Other Investing Activities (4) (39) (4)
Net Cash Used in Investing Activities (54) (83) (75)
Cash Flows From Financing Activities:      
Borrowings of Long-term Debt 0 2,073 453
Repayments of Long-term Debt (198) (2,313) (9)
Bond Redemption Premium (5) (131) 0
Repayments of Short-term Debt, Net 0 (4) (27)
Deferred Consideration Payment 0 0 (24)
Dividends to Noncontrolling Interests (30) (21) (28)
Other Financing Activities (15) (7) (17)
Net Cash Provided by (Used in) Financing Activities, Total (248) (403) 348
Effect of Exchange Rate Changes on Cash and Cash Equivalents (48) (8) 2
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (1) (172) 485
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 1,113 1,285 800
Cash, Cash Equivalents and Restricted Cash at End of Period 1,112 1,113 1,285
Supplemental Cash Flow Information      
Interest Paid 220 269 232
Income Taxes Paid, Net of Refunds $ 86 $ 62 $ 79