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Statement of Consolidated Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net income $ 131 $ 80
Adjustments to reconcile net income to cash provided from (used for) operations:    
Depreciation and amortization 66 68
Deferred income taxes 28 10
Restructuring and other charges 2 9
Net loss from investing activities—asset sales 3 3
Net periodic pension cost 6 4
Stock-based compensation 11 6
Other 22 14
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:    
Increase in receivables (123) (144)
(Increase) decrease in inventories (87) 20
Decrease in prepaid expenses and other current assets 5 23
Increase in accounts payable, trade 68 26
Decrease in accrued expenses (54) (92)
Increase in taxes, including income taxes 6 12
Pension contributions (11) (29)
Increase in noncurrent assets (1) (2)
Decrease in noncurrent liabilities (17) (14)
Cash provided from (used for) operations 55 (6)
Financing Activities    
Net change in short-term borrowings (original maturities of three months or less) (3) (2)
Payments on debt (original maturities greater than three months) 0 (361)
Debt issuance costs 0 (1)
Repurchase of common stock (175) 0
Proceeds from exercise of employee stock options 7 8
Dividends paid to shareholders (9) (1)
Other (14) (11)
Cash used for financing activities (194) (368)
Investing Activities    
Capital expenditures (62) (55)
Proceeds from the sale of assets and businesses 1 0
Cash receipts from sold receivables 0 57
Other 0 1
Cash (used for) provided from investing activities (61) 3
Effect of exchange rate changes on cash, cash equivalents and restricted cash 0 (1)
Net change in cash, cash equivalents and restricted cash (200) (372)
Cash, cash equivalents and restricted cash at beginning of period 722 1,611
Cash, cash equivalents and restricted cash at end of period $ 522 $ 1,239