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Statement of Consolidated Cash Flows (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FROM OPERATIONS    
Net (loss) income $ (11) $ (351)
Adjustments to reconcile net loss to cash from operations:    
Depreciation, depletion, and amortization 322 346
Deferred income taxes (6) 64
Equity earnings, net of dividends 15 14
Restructuring and other charges, net (D) 39 483
Net gain from investing activities – asset sales (Q) (176) (1)
Net periodic pension benefit cost (L) 67 60
Stock-based compensation 17 21
Provision for bad debt expense 2 20
Other 5 24
Changes in assets and liabilities, excluding effects of divestitures and foreign currency translation adjustments:    
Decrease in receivables 124 94
Decrease in inventories 184 53
Decrease in prepaid expenses and other current assets 13 68
(Decrease) in accounts payable, trade (183) (144)
(Decrease) in accrued expenses (120) (51)
Increase (Decrease) in taxes, including income taxes 7 (342)
Pension contributions (L) (59) (55)
Decrease (Increase) in noncurrent assets 19 (32)
(Decrease) in noncurrent liabilities (61) (21)
CASH PROVIDED FROM OPERATIONS 198 250
FINANCING ACTIVITIES    
Proceeds from the exercise of employee stock options   1
Financial contributions for the divestiture of businesses (D) (24)  
Contributions from noncontrolling interest 16 21
Distributions to noncontrolling interest (106) (286)
Other (1) (6)
CASH USED FOR FINANCING ACTIVITIES (115) (270)
INVESTING ACTIVITIES    
Capital expenditures (168) (158)
Proceeds from the sale of assets 199 11
Additions to investments (3) (111)
CASH PROVIDED FROM (USED FOR) INVESTING ACTIVITIES 28 (258)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (26) (1)
Net change in cash and cash equivalents and restricted cash 85 (279)
Cash and cash equivalents and restricted cash at beginning of year 883 1,116
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 968 $ 837