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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities:    
Net Income (Loss) $ 223 $ (1,317)
Adjustments to Reconcile Net Income (Loss) to Cash Flows from Operating Activities:    
Depreciation and Amortization 645 665
Amortization and Write-Off of Debt Issuance Costs 10 9
Goodwill and Other Asset Impairments 0 330
Provision for Deferred Income Taxes (Note 6) (69) 10
Net Pension Curtailments and Settlements 30 19
Net Rationalization Charges (Note 4) 81 133
Rationalization Payments (162) (144)
Net (Gains) Losses on Asset Sales (Note 5) (10) 2
Operating Lease Expense 223 217
Operating Lease Payments (207) (193)
Pension Contributions and Direct Payments (71) (40)
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:    
Accounts Receivable (963) (502)
Inventories (797) 655
Accounts Payable — Trade 696 (425)
Compensation and Benefits 134 95
Other Current Liabilities 22 75
Other Assets and Liabilities 89 172
Total Cash Flows from Operating Activities (2) (239)
Cash Flows from Investing Activities:    
Acquisition of Cooper Tire, net of cash and restricted cash acquired (1,856) 0
Capital Expenditures (666) (487)
Asset Dispositions 9 0
Short Term Securities Acquired (83) (56)
Short Term Securities Redeemed 91 71
Notes Receivable 6 (35)
Other Transactions 8 (8)
Total Cash Flows from Investing Activities (2,491) (515)
Cash Flows from Financing Activities:    
Short Term Debt and Overdrafts Incurred 849 1,555
Short Term Debt and Overdrafts Paid (725) (1,339)
Long Term Debt Incurred 7,526 5,942
Long Term Debt Paid (5,393) (5,149)
Common Stock Issued 9 0
Common Stock Dividends Paid (Note 14) 0 (37)
Transactions with Minority Interests in Subsidiaries (13) (3)
Debt Related Costs and Other Transactions (98) (14)
Total Cash Flows from Financing Activities 2,155 955
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (28) (46)
Net Change in Cash, Cash Equivalents and Restricted Cash (366) 155
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period 1,624 974
Cash, Cash Equivalents and Restricted Cash at End of the Period 1,258 1,129
Cooper Tire [Member]    
Adjustments to Reconcile Net Income (Loss) to Cash Flows from Operating Activities:    
Amortization of Inventory Fair Value Adjustment Related to the Cooper Tire Acquisition 110 0
Transaction and Other Costs Related to the Cooper Tire Acquisition 55 0
Cash Payments for Transaction and Other Costs Related to the Cooper Tire Acquisition $ (41) $ 0