XML 17 R5.htm IDEA: XBRL DOCUMENT v3.21.1
Statement of Consolidated Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
CASH FROM OPERATIONS      
Net income $ 219 $ 139  
Adjustments to reconcile net income to cash from operations:      
Provision for depreciation, depletion, and amortization 182 170  
Deferred income taxes 18 23  
Equity earnings, net of dividends (11)    
Restructuring and other charges, net (D) 7 2  
Net gain from investing activities – asset sales (Q) (27) (177)  
Net periodic pension benefit cost (L) 12 33  
Stock-based compensation 8 8  
Provision for bad debt expense   2  
Other (1) 4  
Changes in assets and liabilities, excluding effects of divestitures and foreign currency translation adjustments:      
(Increase) in receivables (212) (70)  
(Increase) Decrease in inventories (68) 41  
Decrease in prepaid expenses and other current assets 57 11  
(Decrease) in accounts payable, trade (64) (121)  
Increase (Decrease) in accrued expenses 3 (85)  
(Decrease) in taxes, including income taxes (1) (11)  
Pension contributions (L) (63) (48)  
(Increase) Decrease in noncurrent assets (22) 32  
(Decrease) in noncurrent liabilities (31) (43)  
CASH PROVIDED FROM (USED FOR) OPERATIONS 6 (90)  
FINANCING ACTIVITIES      
Additions to debt (original maturities greater than three months) 495    
Proceeds from the exercise of employee stock options 4    
Financial contributions for the divestiture of businesses (D) (6) (12)  
Distributions to noncontrolling interest (62) (31)  
Other (3) (1)  
CASH PROVIDED FROM (USED FOR) FINANCING ACTIVITIES 428 (44)  
INVESTING ACTIVITIES      
Capital expenditures (75) (91)  
Proceeds from the sale of assets 591 199  
Additions to investments (2) (1)  
CASH PROVIDED FROM INVESTING ACTIVITIES 514 107  
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (11) (24)  
Net change in cash and cash equivalents and restricted cash 937 (51)  
Cash and cash equivalents and restricted cash at beginning of year 1,610 883 $ 883
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 2,547 $ 832 $ 1,610