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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net (loss) income $ (24) $ 91
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 95 64
Provision for severance benefits 45 39
Equity-based compensation 88 70
Non-cash operating lease expense 103 84
Deferred income taxes 47 0
Other 42 29
Change in operating assets and liabilities, net of acquisition:    
Accounts receivable, net (14) 56
Inventories (33) (61)
Other assets (55) 60
Accounts payable (31) 162
Accrued expenses (30) (47)
Other liabilities (21) (46)
Net cash provided by operating activities 212 501
Investing activities    
Purchases of property and equipment (107) (95)
Proceeds from sale of property and equipment 2 1
Net cash acquired in acquisition 68 0
Other investing activities (80) 11
Net cash used in investing activities (117) (83)
Financing activities    
Proceeds from issuance of common stock, equity-based compensation plan 1 3
Proceeds from short-term borrowings and long-term debt 14 32
Repayment of short-term borrowings and long-term debt (17) (1)
Other financing activities 54 44
Net cash provided by financing activities 52 78
Effect of exchange rate changes on cash and cash equivalents, and restricted cash (170) (59)
Net (decrease) increase in cash and cash equivalents, and restricted cash (23) 437
Cash and cash equivalents, and restricted cash, as of beginning of period 5,597 3,687
Cash and cash equivalents, and restricted cash, as of end of period $ 5,574 $ 4,124