XML 16 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities    
Net income $ 68 $ 38
Depreciation 88 85
Amortization 7 4
Amortization of deferred financing charges 2 2
Earnings of affiliates, net of dividends received (14) (2)
Stock compensation expense 5 4
Deferred income taxes (6) (35)
Pension expense, net 1
Impairment of goodwill 51
Change in working capital (133) (183)
Other, net 10 (16)
Net cash provided by (used in) operating activities 27 (51)
Investing activities    
Purchases of property, plant and equipment (53) (63)
Acquisition of businesses, net of cash acquired (17) (8)
Purchases of marketable securities (11) (12)
Proceeds from sales and maturities of marketable securities 6 6
Settlements of undesignated derivatives (3)
Other, net 2 (5)
Net cash used in investing activities (73) (85)
Financing activities    
Net change in short-term debt (1) 298
Proceeds from long-term debt 2 4
Repayment of long-term debt (1) (1)
Deferred financing payments (2)
Dividends paid to common stockholders (14) (15)
Distributions to noncontrolling interests (1)
Contributions from noncontrolling interests 1 2
Other, net (1) (4)
Net cash provided by (used in) financing activities (16) 283
Net increase (decrease) in cash, cash equivalents and restricted cash (62) 147
Cash, cash equivalents and restricted cash – beginning of period 567 518
Effect of exchange rate changes on cash balances (12) (29)
Cash, cash equivalents and restricted cash – end of period (Note 5) 493 636
Non-cash investing activity    
Purchases of property, plant and equipment held in accounts payable $ 56 $ 73