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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities:    
Net Income $ 123 $ 81
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 85 80
Foreign Exchange Losses 15 29
Inventory Charges 6 11
Gain on Disposition of Assets (7) (5)
Deferred Income Tax Provision 14 18
Share-Based Compensation 13 9
Changes in Accounts Receivable, Inventory, and Accounts Payable:    
Accounts Receivable (112) (96)
Inventories (53) (45)
Accounts Payable 99 64
Other Changes, Net (52) (62)
Net Cash Provided by Operating Activities 131 84
Cash Flows From Investing Activities:    
Capital Expenditures for Property, Plant and Equipment (59) (64)
Proceeds from Disposition of Assets 10 7
Business Acquisitions, Net of Cash Acquired (36) (4)
Proceeds from Sale of Investments 41 0
Other Investing Activities (10) (3)
Net Cash Used in Investing Activities (54) (64)
Cash Flows From Financing Activities:    
Repayments of Long-term Debt (172) (66)
Distributions to Noncontrolling Interests 0 (6)
Tax Remittance on Equity Awards Vested (8) (52)
Other Financing Activities (7) (3)
Net Cash Used in Financing Activities (187) (127)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (16) (22)
Net Decrease in Cash, Cash Equivalents and Restricted Cash (126) (129)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 1,063 1,112
Cash, Cash Equivalents and Restricted Cash at End of Period 937 983
Supplemental Cash Flow Information:    
Interest Paid 8 18
Income Taxes Paid, Net of Refunds 35 29
844,702 Shares of Common Stock Issued for Acquisitions $ 75 $ 0