XML 19 R7.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ 21 $ (23)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 82 71
Amortization of right-of-use assets 12 10
Gain on divestiture of a business (73) 0
Share-based compensation expense 19 25
Benefit for deferred income taxes (2) (9)
Gain on affiliate investment 0 (11)
Amortization of debt issuance costs 3 3
Other (2) 0
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net (56) (13)
Inventories, net 130 21
Other assets and liabilities (14) (77)
Accounts payable and accrued expenses (66) 6
Net cash provided by operating activities 54 3
Cash flows from investing activities:    
Purchases of property and equipment (24) (21)
Payments related to equity investments and business acquisitions, net of cash acquired (13) (25)
Proceeds from Divestiture of Businesses 104 0
Proceeds from sale of property and equipment 4 1
Net cash provided by (used for) investing activities 71 (45)
Cash flows from financing activities:    
Proceeds from revolving credit facility 190 0
Repayments of Long-term Lines of Credit (190) 0
Proceeds from issuance of debt 0 1,220
Principal payments of debt (62) (43)
Debt issuance and amendment costs (5) (24)
Dividend paid to Former Parent 0 (1,174)
Issuance of common shares in connection with share-based compensation plans 4 3
Net transfers from Former Parent 0 165
Proceeds from Issuance of Preferred Stock and Preference Stock 250 0
Payments of Stock Issuance Costs (6) 0
Payments of Ordinary Dividends, Preferred Stock and Preference Stock (2) 0
Acquisition payment (17) 0
Acquisitions of non-controlling interests in subsidiaries 0 (74)
Net cash provided by financing activities 162 73
Effect of exchange rate changes on cash and cash equivalents (3) 1
Net change in cash and cash equivalents 284 32
Cash and cash equivalents, beginning of period 130 23
Cash and cash equivalents, end of period 414 55
Supplemental disclosures of cash flows information:    
Interest 23 22
Income taxes 10 10
Amounts included in the measurement of operating lease liabilities 13 12
Right-of-use assets obtained in exchange for new operating lease liabilities 57 71
Noncash or Part Noncash Divestiture, Amount of Consideration Received $ 15 $ 0