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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows – Operating Activities    
Net income - including noncontrolling interests $ 243 $ 66
Depreciation and amortization 128 109
Non-cash operating lease cost 101 88
Closures and impairment (income) expenses (2) 8
Investment loss [1] 12 8
Equity income from investments in unconsolidated affiliates (17) (20)
Distributions of income received from unconsolidated affiliates 11 8
Deferred income taxes 15 2
Share-based compensation expense 10 7
Changes in accounts receivable (3) 9
Changes in inventories 52 57
Changes in prepaid expenses and other current assets 20 10
Changes in accounts payable and other current liabilities (175) (192)
Changes in income taxes payable 51 5
Changes in non-current operating lease liabilities (104) (102)
Other, net (11) (3)
Net Cash Provided by Operating Activities 331 60
Cash Flows – Investing Activities    
Capital spending (165) (87)
Purchases of short-term investments (1,180) (275)
Maturities of short-term investments 1,258 390
Prepayment for investment   (27)
Investment in equity securities (261)  
Other, net 1 1
Net Cash (Used in) Provided by Investing Activities (347) 2
Cash Flows – Financing Activities    
Repurchase of shares of common stock   (8)
Cash dividends paid on common stock (50) (45)
Dividends paid to noncontrolling interests (1)  
Other, net (4) 1
Net Cash Used in Financing Activities (55) (52)
Effect of Exchange Rates on Cash, Cash Equivalents and Restricted Cash (3) (8)
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (74) 2
Cash, Cash Equivalents and Restricted Cash - Beginning of Period 1,158 1,055
Cash, Cash Equivalents and Restricted Cash - End of Period 1,084 1,057
Supplemental Cash Flow Data    
Cash paid for income tax 40 25
Non-cash Investing and Financing Activities    
Capital expenditures included in accounts payables and other current liabilities $ 151 $ 111
[1] Amounts have not been allocated to any segment for performance reporting purposes.