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Statement of Consolidated Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
CASH FROM OPERATIONS          
Net income (loss) $ 370 $ (20) $ 939 $ (31)  
Adjustments to reconcile net income to cash from operations:          
Provision for depreciation, depletion, and amortization 156 161 499 483  
Deferred income taxes     61 (12)  
Equity earnings, net of dividends     (84) 19  
Restructuring and other charges, net (D) 33 5 73 44  
Net gain from investing activities – asset sales (Q)     (132) (174)  
Net periodic pension benefit cost (L)     36 103  
Stock-based compensation     26 24  
Provision for bad debt expense     1 2  
Premium paid on early redemption of debt     43    
Other     44 11  
Changes in assets and liabilities, excluding effects of divestitures and foreign currency translation adjustments:          
(Increase) Decrease in receivables     (408) 26  
(Increase) Decrease in inventories     (373) 221  
Decrease in prepaid expenses and other current assets     39 21  
Increase (Decrease) in accounts payable, trade     153 (87)  
(Decrease) in accrued expenses       (166)  
Increase in taxes, including income taxes     143 95  
Pension contributions (L)     (575) (83)  
(Increase) in noncurrent assets     (47) (64)  
(Decrease) in noncurrent liabilities     (83) (76)  
CASH PROVIDED FROM OPERATIONS     355 356  
FINANCING ACTIVITIES          
Additions to debt (original maturities greater than three months)     495 739  
Payments on debt (original maturities greater than three months)     (1,294)    
Proceeds from the exercise of employee stock options     19    
Financial contributions for the divestiture of businesses (D)     (14) (30)  
Contributions from noncontrolling interest     8 24  
Distributions to noncontrolling interest     (177) (152)  
Other     (3) (4)  
CASH (USED FOR) PROVIDED FROM FINANCING ACTIVITIES     (966) 577  
INVESTING ACTIVITIES          
Capital expenditures     (237) (242)  
Proceeds from the sale of assets     715 198  
Additions to investments     (7) (6)  
CASH PROVIDED FROM (USED FOR) INVESTING ACTIVITIES     471 (50)  
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH     (11) (27)  
Net change in cash and cash equivalents and restricted cash     (151) 856  
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 $ 1,459 $ 1,739 $ 1,459 $ 1,739 $ 1,610