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Statement of Combined Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities    
Net income $ (359) $ (45)
Adjustments to reconcile net loss to cash (used for) provided from operations:    
Depreciation and amortization 186 191
Deferred income taxes (111) 28
Restructuring and other charges 612 61
Non-service costs — Pension and OPEB 55 61
Stock-based compensation 15 18
Amortization of debt issuance costs 0 23
Other 21 (2)
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:    
(Increase) in receivables (307) (250)
(Increase) Decrease in inventories (488) 197
(Increase) in prepaid expenses and other current assets (7) (24)
Increase (Decrease) in accounts payable, trade 388 (165)
(Decrease) in accrued expenses (55) (153)
Increase in taxes, including income taxes 15 75
Pension contributions (456) (44)
(Increase) Decrease in noncurrent assets (5) 28
(Decrease) Increase in noncurrent liabilities (7) 19
Cash (used for) provided from operations (503) 18
Financing Activities    
Net transfers from former parent company 0 216
Payments for Separation Transaction   (728)
Additions to debt (original maturities greater than three months) 319 2,400
Debt issuance costs (5) (57)
Payments on debt (original maturities greater than three months) (N) 0 (1,100)
Repurchases of common stock (J) (106) 0
Other (18) 4
Cash provided from financing activities 190 735
Investing Activities    
Capital expenditures (123) (126)
Proceeds from the sale of assets and businesses (O) (2) 102
Cash used for investing activities (125) (24)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 0 1
Net change in cash and cash equivalents and restricted cash (438) 730
Cash and cash equivalents and restricted cash at beginning of year 787 72
Cash and cash equivalents and restricted cash at end of period $ 349 $ 802