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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net income (loss) $ 599 $ (96)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 330 356
Amortization of purchased intangibles 32 26
Loss on disposal of assets 60
Severance charges 77
Severance payments (13) (75)
Translation (gain) loss on Japanese yen-denominated debt (118) 14
Deferred tax provision (benefit) 121 (40)
Customer deposits and incentives 12 125
Translated earnings contract gain (272) (68)
Unrealized translation losses on transactions 59 33
Tax assessment refunds 101
Changes in certain working capital items:    
Trade accounts receivable 109 43
Inventories 44 (67)
Other current assets (26) (10)
Accounts payable and other current liabilities (27) (207)
Other, net (127) (24)
Net cash provided by operating activities 723 248
Cash Flows from Investing Activities:    
Capital expenditures (289) (545)
Proceeds from sale of business 24
Realized (losses) gains on translated earnings contract (3) 11
Other, net (20) (5)
Net cash used in investing activities (288) (539)
Cash Flows from Financing Activities:    
Repayments of short-term borrowings and current portion of long-term debt (25)
Proceeds from issuance of long-term debt, net 200
Proceeds from exercise of stock options 51 7
Repurchases of common stock for treasury (105)
Dividends paid (208) (192)
Other, net (8) (4)
Net cash used in financing activities (190) (94)
Effect of exchange rates on cash (49) (24)
Net increase (decrease) in cash and cash equivalents 196 (409)
Cash and cash equivalents at beginning of period 2,672 2,434
Cash and cash equivalents at end of period $ 2,868 $ 2,025