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CONSOLIDATED AND COMBINED INTERIM STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 177 $ 1,137
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Deferred income taxes 4 (908)
Depreciation 55 53
Amortization of deferred issuance costs 5  
Foreign exchange loss 32 10
Stock compensation expense 14 16
Pension expense 4 7
Other 7 6
Changes in assets and liabilities:    
Accounts, notes and other receivables (29) (42)
Receivables from related parties   57
Inventories (33) (7)
Other assets 7 (2)
Accounts payable 18 (6)
Payables to related parties   (50)
Accrued liabilities (48) (57)
Obligations payable to Honeywell (84)  
Asbestos related liabilities   1
Other liabilities (4) 25
Net cash provided by operating activities 125 240
Cash flows from investing activities:    
Expenditures for property, plant and equipment (74) (66)
Increase in marketable securities   (21)
Decrease in marketable securities   312
Other 12  
Net cash (used for) provided by investing activities (62) 225
Cash flows from financing activities:    
Net increase (decrease) in Invested deficit   (1,493)
Proceeds from revolving credit facility 550 1,631
Payments of revolving credit facility (550)  
Payments of long-term debt (62)  
Payments related to related party notes payable   (493)
Net change related to cash pooling and short-term notes   (201)
Net cash used for financing activities (62) (556)
Effect of foreign exchange rate changes on cash and cash equivalents (7) (12)
Net decrease in cash and cash equivalents (6) (103)
Cash and cash equivalents at beginning of period 196 300
Cash and cash equivalents at end of period $ 190 $ 197