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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 9 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Sep. 30, 2019
Operating Activities              
Net income $ 269 $ 102 $ 794 $ 403 $ 371 $ 1,197  
Adjustments to reconcile net income from operations to net cash flows provided by operating activities, net of acquisitions and dispositions              
Depreciation and amortization         159 167  
Deferred income tax provision         135 (57)  
Stock compensation costs         35 22  
Equity method investment net earnings (57)   (80)   (86) (120)  
Distributions from equity method investments         49 46  
Impairment charge on minority-owned joint venture investments         72   $ 0
Changes in operating assets and liabilities              
Accounts receivable, net         27 (206)  
Contract assets, current         (140) (43)  
Inventories, net         (325) (340)  
Other assets, current         32 16  
Accounts payable and accrued liabilities         152 (173)  
Contract liabilities, current         37 (16)  
Pension contributions         (27) (27)  
Other operating activities, net         65 (95)  
Net cash flows provided by operating activities         556 371  
Investing Activities              
Capital expenditures         (94) (89)  
(Payment) receipt from settlement of derivative contracts         (23) 1  
Other investing activities, net         14 8  
Net cash flows used in investing activities         (103) (80)  
Financing Activities              
(Decrease) increase in short-term borrowings, net         (17) 45  
Issuance of long-term debt         11,734 77  
Repayment of long-term debt         (36) (37)  
Dividends paid to non-controlling interest         (8) (3)  
Net transfers to UTC         (10,359) (548)  
Other financing activities, net         1 (26)  
Net cash flows provided by (used in) financing activities         1,315 (492)  
Effect of Exchange Rate on Cash and Cash Equivalents [Abstract]              
Effect of foreign exchange rate changes on cash and cash equivalents         (17) 7  
Net increase (decrease) in cash and cash equivalents and restricted cash         1,751 (194)  
Cash, cash equivalents and restricted cash, beginning of period   $ 957   $ 1,134 957 1,134 $ 1,134
Cash, cash equivalents and restricted cash, end of period 2,708   940   2,708 940  
Less: restricted cash 4   4   4 4  
Cash and cash equivalents, end of period $ 2,704   $ 936   $ 2,704 $ 936