XML 23 R7.htm IDEA: XBRL DOCUMENT v3.24.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net Income $ 260 $ 171
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 171 161
Foreign Exchange Losses 23 58
Loss on Blue Chip Swap Securities 10 57
Inventory Charges 15 11
Gain on Disposition of Assets (32) (7)
Deferred Income Tax Provision (Benefit) 27 (53)
Share-Based Compensation 25 17
Changes in Accounts Receivable, Inventory, Accounts Payable and Accrued Salaries and Benefits:    
Accounts Receivable (73) (83)
Inventories (92) (75)
Accounts Payable 79 68
Accrued Salaries and Benefits (88) (72)
Other Changes, Net (44) 32
Net Cash Provided by Operating Activities 281 285
Cash Flows From Investing Activities:    
Capital Expenditures for Property, Plant and Equipment (121) (100)
Proceeds from Disposition of Assets 18 14
Purchases of Blue Chip Swap Securities (50) (110)
Proceeds from Sales of Blue Chip Swap Securities 40 53
Business Acquisitions, Net of Cash Acquired (36) (4)
Proceeds from Sale of Investments 41 33
Other Investing Activities (7) (8)
Net Cash Used in Investing Activities (115) (122)
Cash Flows From Financing Activities:    
Repayments of Long-term Debt (259) (230)
Distributions to Noncontrolling Interests (9) (6)
Tax Remittance on Equity Awards Vested (9) (54)
Other Financing Activities (12) (7)
Net Cash Used in Financing Activities (289) (297)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (20) (56)
Net Decrease in Cash, Cash Equivalents and Restricted Cash (143) (190)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 1,063 1,112
Cash, Cash Equivalents and Restricted Cash at End of Period 920 922
Supplemental Cash Flow Information:    
Interest Paid 81 95
Income Taxes Paid, Net of Refunds 89 64
Supplemental Noncash Information:    
844,702 Shares of Common Stock Issued for Acquisitions $ 75 $ 0