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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:      
Net income $ 1,906 $ 512 $ 960
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,352 1,399 1,390
Amortization of purchased intangibles 129 121 113
Loss on disposal of assets 57 138 123
Severance (reversals) charges (13) 148 63
Severance payments (26) (147) (28)
Share-based compensation expense 190 207 56
Equity in (earnings) losses of affiliated companies (35) 25 (17)
Translation (gain) loss on Japanese yen-denominated debt (180) 86 3
Dividends received from affiliated companies 8 1 106
Deferred tax provision (benefit) 16 (20) (191)
Pension plan contributions (24) (221) (2)
Translated earnings contract (gain) loss (354) 38 (248)
Unrealized translation loss (gain) on transactions 77 (133) 33
Asbestos claim payments   (130) (50)
Tax assessment refunds   101  
Asset impairment 217
Transaction-related gain, net   (498)  
Gain on investment   (107)  
Changes in assets and liabilities:      
Trade accounts receivable (54) (274) 48
Inventories (103) 423 (298)
Other current assets (224) (25) (300)
Accounts payable and other current liabilities 806 139 31
Customer deposits and incentives 97 238 89
Deferred income (116) (46)  
Other, net (97) (12) 150
Net cash provided by operating activities 3,412 2,180 2,031
Cash Flows from Investing Activities:      
Capital expenditures (1,637) (1,377) (1,978)
Proceeds from sale or disposal of assets 17 37  
Proceeds from sale of business 103    
Proceeds from and investment in unconsolidated entities, net 84 (28) (26)
Sale of equipment for related party     78
Realized gains on translated earnings contracts 67 12 55
Other, net (53) 46 (20)
Net cash used in investing activities (1,419) (1,310) (1,891)
Cash Flows from Financing Activities:      
Repayments of short-term borrowings (144) (100)  
Repayments of long-term debt (716) (121) (300)
Proceeds from issuance of long-term debt 22 243 1,831
Payment for redemption of preferred stock (507)    
Payments of employee withholding tax on stock awards (61) (11) (17)
Proceeds from exercise of stock options 97 124 58
Purchases of common stock for treasury (274) (105) (940)
Dividends paid (871) (787) (742)
Other, net 2 28 63
Net cash used in financing activities (2,452) (729) (47)
Effect of exchange rates on cash (65) 97 (14)
Net (decrease) increase in cash and cash equivalents (524) 238 79
Cash and cash equivalents at beginning of year 2,672 2,434 2,355
Cash and cash equivalents at end of year $ 2,148 $ 2,672 $ 2,434