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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows – Operating Activities    
Net income - including noncontrolling interests $ 193 $ 436
Depreciation and amortization 317 252
Non-cash operating lease cost 230 204
Closures and impairment expenses 16 11
Investment loss [1] 17 4
Equity income from investments in unconsolidated affiliates   (27)
Distributions of income received from unconsolidated affiliates   21
Deferred income taxes (7) 29
Share-based compensation expense 21 25
Changes in accounts receivable (17) (5)
Changes in inventories 59 22
Changes in prepaid expenses, other current assets and VAT assets 24 8
Changes in accounts payable and other current liabilities (51) 16
Changes in income taxes payable 6 1
Changes in non-current operating lease liabilities (198) (204)
Other, net (1) (20)
Net Cash Provided by Operating Activities 609 773
Cash Flows – Investing Activities    
Capital spending (347) (303)
Purchases of short-term investments (2,145) (2,824)
Purchases of long-term time deposits   (25)
Maturities of short-term investments 2,461 2,801
Acquisition of business, net of cash acquired (23)  
Acquisition of equity investment   (261)
Other, net 2 1
Net Cash Used in Investing Activities (52) (611)
Cash Flows – Financing Activities    
Repurchase of shares of common stock (400)  
Cash dividends paid on common stock (101) (101)
Dividends paid to noncontrolling interests (23) (14)
Contribution from noncontrolling interests 18  
Payment of acquisition related holdback (6)  
Other, net (1) (4)
Net Cash Used in Financing Activities (513) (119)
Effect of Exchange Rates on Cash, Cash Equivalents and Restricted Cash (33) 8
Net Increase in Cash, Cash Equivalents and Restricted Cash 11 51
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 1,136 1,158
Cash, Cash Equivalents and Restricted Cash - End of Period 1,147 1,209
Supplemental Cash Flow Data    
Cash paid for income tax 93 150
Non-cash Investing and Financing Activities    
Capital expenditures included in accounts payable and other current liabilities $ 141 $ 185
[1] Amounts have not been allocated to any segment for performance reporting purposes.