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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 200 $ 68
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and impairment 145 184
Net periodic benefit cost 3 2
Amortization of debt discount and deferred financing costs 2 1
Net gain on disposal of property, plant and equipment (1) 0
Net loss on disposal of businesses 6 0
Equity in (income) loss of affiliated companies (19) (2)
Net foreign exchange (gain) loss 1 7
Share-based compensation 14 6
Other, net (28) 11
Loss from hyperinflationary accounting for Argentine subsidiaries 6 19
Deferred income taxes, net (3) (37)
Dividends received from affiliated companies 3 0
Changes in operating assets and liabilities, excluding effect of acquisitions, divestitures, and currency (439) (348)
Net cash (used in) provided by operating activities (110) (89)
Net cash (used in) provided by operating activities    
Purchase of property, plant and equipment and other intangible assets (114) (115)
Proceeds from divestiture 138 397
Proceeds from sales of property, plant and equipment and other intangible assets 3 2
Net cash (used in) provided by investing activities 27 284
Net cash (used in) provided by investing activities    
Proceeds from issuance of shares 5 1
Purchase of treasury shares 0 (10)
Proceeds from (purchase of) non-controlling interest 1 0
Proceeds from issuance of long-term debt 1 229
Repayment of long-term debt (122) (1,360)
Net borrowing/(repayment) of commercial paper 350 1,054
Net borrowing/(repayment) of short-term debt 30 (161)
Repayment of lease liabilities (1) 0
Share buyback/cancellations 0 (58)
Dividends paid (188) (1)
Net cash (used in) provided by financing activities 76 (306)
Effect of exchange rates on cash and cash equivalents 21 (11)
Net increase (decrease) in cash and cash equivalents 14 (122)
Cash and cash equivalents balance at beginning of year 743 602
Cash and cash equivalents balance at end of period 757 480
Interest paid, net of amounts capitalized 22 45
Income taxes paid 107 54
Supplemental non-cash disclosures relating to investing and financing activities:    
Purchase of property and equipment, accrued but unpaid $ 58 $ 59