XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities    
Net earnings (loss) $ 29 $ 10
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 14 13
Deferred income taxes 12 2
Other 4 3
Changes in assets and liabilities:    
Accounts receivable 15 18
Contract assets (126) (36)
Inventories (15) (50)
Prepaid expenses 7 3
Other current assets (2) 1
Other noncurrent assets 5 5
Defined benefit obligations (8) (1)
Other current liabilities (16) (42)
Other noncurrent liabilities (5) 0
Accounts payable (135) (209)
Contract liabilities (28) (13)
Net cash used in operating activities (249) (296)
Investing activities    
Capital expenditures (13) (13)
Repayments received (net of advances) on related party note receivable 115 96
Net cash provided by investing activities 102 83
Financing activities    
Net (decrease) increase in third party borrowings (maturities of 90 days or less) (8) (27)
Repayment of related party debt (250) (230)
Borrowings from related parties 375 425
Other (1) 4
Net cash provided by financing activities 116 172
Effect of exchange rate changes on cash and cash equivalents 0 0
Net (decrease) increase in cash and cash equivalents (31) (41)
Cash and cash equivalents at beginning of year 61 85
Cash and cash equivalents at end of period $ 30 $ 44