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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ (14,000,000) $ (985,000,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 124,000,000 113,000,000
Amortization of right-of-use assets 18,000,000 16,000,000
Plus: Goodwill impairment 0 939,000,000
Operating lease right-of-use asset impairment 8,000,000 0
Gain on divestiture of a business (72,000,000) 0
Share-based compensation expense 30,000,000 35,000,000
Benefit for deferred income taxes (7,000,000) (19,000,000)
Amortization of debt issuance costs 4,000,000 0
Loss on managed exit of a business 8,000,000 0
Other 1,000,000 (2,000,000)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net (77,000,000) (25,000,000)
Inventories, net 99,000,000 (23,000,000)
Other assets and liabilities (42,000,000) (36,000,000)
Accounts payable and accrued expenses (69,000,000) 21,000,000
Net cash provided by operating activities 11,000,000 34,000,000
Cash flows from investing activities:    
Purchases of property and equipment (40,000,000) (30,000,000)
Payments related to equity investments and business acquisitions, net of cash acquired (13,000,000) (26,000,000)
Proceeds from Divestiture of Businesses 104,000,000 0
Proceeds from sale of property and equipment 4,000,000 0
Net cash provided by (used for) investing activities 55,000,000 (56,000,000)
Cash flows from financing activities:    
Proceeds from revolving credit facility 190,000,000 0
Repayments of Long-term Lines of Credit (190,000,000) 0
Proceeds from issuance of debt 0 1,220,000,000
Principal payments of debt (62,000,000) (43,000,000)
Debt issuance and amendment costs (5,000,000) (24,000,000)
Issuance of common shares in connection with share-based compensation plans 6,000,000 3,000,000
Dividend paid to Former Parent 0 (1,174,000,000)
Net transfers from Former Parent 0 165,000,000
Proceeds from issuance of Series A preferred stock 250,000,000 0
Series A preferred stock issuance costs (6,000,000) 0
Series A preferred stock dividend (6,000,000) 0
Acquisition payment (17,000,000) (9,000,000)
Acquisitions of non-controlling interests in subsidiaries 0 (74,000,000)
Net cash provided by financing activities 160,000,000 64,000,000
Effect of exchange rate changes on cash and cash equivalents (1,000,000) 3,000,000
Net change in cash and cash equivalents 225,000,000 45,000,000
Cash and cash equivalents, beginning of period 130,000,000 23,000,000
Cash and cash equivalents, end of period 355,000,000 68,000,000
Supplemental disclosure of cash paid for:    
Interest 32,000,000 35,000,000
Income taxes 17,000,000 16,000,000
Amounts included in the measurement of operating lease liabilities 20,000,000 18,000,000
Supplemental disclosures of non-cash investing and financing activities:    
Conversion of Series A preferred stock 156,000,000 0
Right-of-use assets obtained in exchange for new operating lease liabilities 60,000,000 91,000,000
Deconsolidation of a subsidiary $ 15,000,000 $ 0