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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net income (loss) $ 1,158 $ 1,769 $ 701
Depreciation and Amortization 1,223 1,243 1,177
Provision for (Benefit from) Deferred Income Tax (286) 174 (330)
Net periodic pension and OPEB benefit, net (142) (1,292) (340)
Pension and OPEB contributions 182 247 269
Net gain on sales of property, businesses, consolidated companies, and investments (18) (21) 3
Restructuring and asset related charges- net 363 289 335
Other net loss 305 156 290
Accounts and Notes Receivable (997) (113) 187
Inventories (1,715) (422) 104
Accounts Payable 807 524 (118)
Deferred Revenue 194 574 71
Other Assets and Liabilities, Net 162 93 253
Cash provided by (used for) operating activities 872 2,727 2,064
Capital expenditures (605) (573) (475)
Proceeds from the sale of property, businesses, and consolidated companies, net of cash divested 73 75 83
Escrow funding associated with acquisitions (36) 0 0
Investments in and loans to nonconsolidated affiliates (12) (4) (1)
Purchases of investments (344) (204) (995)
Proceeds from Sale and Maturities of Investments 295 345 721
Other investing activities - net (3) (1) (7)
Cash provided by (used for) investing activities (632) (362) (674)
Net Change in borrowings (less than 90 days) (13) 13 0
Proceeds from Debt 1,358 419 2,439
Payments on Debt (1,140) (421) (1,441)
Repurchase of Common Stock (1,000) (950) (275)
Proceeds from Exercise of Stock Options 88 100 56
Dividends Paid to stockholders (418) (397) (388)
Payment for acquisition of subsidiary's interest from the non-controlling interest 0 0 (60)
Other financing activities (55) (30) (28)
Cash provided by (used for) financing activities (1,180) (1,266) 303
Effect of exchange rate changes on cash, cash equivalents and restricted cash equivalents (278) (136) 7
Increase (decrease) on cash, cash equivalents and restricted cash (1,218) 963 1,700
Cash, cash equivalents and restricted cash equivalents at beginning of period 4,836 [1] 3,873 [1] 2,173
Cash, cash equivalents and restricted cash equivalents at end of period [1] 3,618 4,836 3,873
Interest, net of amounts capitalized 75 30 36
Income Taxes 467 341 229
EIDP      
Net income (loss) 1,124 1,731 625
Depreciation and Amortization 1,223 1,243 1,177
Provision for (Benefit from) Deferred Income Tax (286) 174 (330)
Net periodic pension and OPEB benefit, net (142) (1,292) (340)
Pension and OPEB contributions 182 247 269
Net gain on sales of property, businesses, consolidated companies, and investments (18) (21) 3
Restructuring and asset related charges- net 363 289 335
Other net loss 305 156 290
Accounts and Notes Receivable (997) (113) 187
Inventories (1,715) (422) 104
Accounts Payable 807 524 (118)
Deferred Revenue 194 574 71
Other Assets and Liabilities, Net 163 93 251
Cash provided by (used for) operating activities 839 2,689 1,986
Capital expenditures (605) (573) (475)
Proceeds from the sale of property, businesses, and consolidated companies, net of cash divested 73 75 83
Escrow funding associated with acquisitions (36) 0 0
Investments in and loans to nonconsolidated affiliates (12) (4) (1)
Purchases of investments (344) (204) (995)
Proceeds from Sale and Maturities of Investments 295 345 721
Other investing activities - net (3) (1) (7)
Cash provided by (used for) investing activities (632) (362) (674)
Net Change in borrowings (less than 90 days) (13) 13 0
Proceeds from Related Party Debt 48 52 103
Repayments of Related Party Debt (1,422) (1,349) (665)
Proceeds from Debt 1,358 419 2,439
Payments on Debt (1,140) (421) (1,441)
Proceeds from Exercise of Stock Options 88 100 56
Payment for acquisition of subsidiary's interest from the non-controlling interest 0 0 (60)
Other financing activities (66) (42) (51)
Cash provided by (used for) financing activities (1,147) (1,228) 381
Effect of exchange rate changes on cash, cash equivalents and restricted cash equivalents (278) (136) 7
Increase (decrease) on cash, cash equivalents and restricted cash (1,218) 963 1,700
Cash, cash equivalents and restricted cash equivalents at beginning of period 4,836 3,873 2,173
Cash, cash equivalents and restricted cash equivalents at end of period 3,618 4,836 3,873
Interest, net of amounts capitalized [2] 75 30 36
Income Taxes 467 341 229
Total company [Member]      
Restructuring and asset related charges- net 363 289 335
Total company [Member] | EIDP      
Restructuring and asset related charges- net $ 363 $ 289 $ 335
[1] See page F-24 for reconciliation of cash and cash equivalents and restricted cash equivalents presented in the Consolidated Balance Sheets to total cash, cash equivalents and restricted cash equivalents presented in the Consolidated Statements of Cash Flows.
[2] Reflects interest, net of amounts capitalized, paid to external parties. For information associated with interest paid on related party debt refer to EIDP's Note 2 - Related Party Transactions, of the EIDP Consolidated Financial Statements.