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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income (loss) $ (2,942) $ (1,129) $ 1,657
Adjustments to reconcile net income (loss) to cash flows from operating activities:      
Impairments and other charges 3,799 2,506 265
Cash impact of impairments and other charges - severance payments (350) (144) 0
Depreciation, depletion and amortization 1,058 1,625 1,606
Deferred income tax provision (benefit), continuing operations (444) (396) (267)
Changes in assets and liabilities:      
Receivables 1,394 636 (186)
Accounts payable (934) (595) 483
Inventories 340 (202) (681)
Other operating activities 120 182 349
Total cash flows provided by operating activities 1,881 2,445 3,157
Cash flows from investing activities:      
Capital expenditures (728) (1,530) (2,026)
Proceeds from sales of property, plant and equipment 286 190 218
Payments to acquire businesses, net of cash acquired 0 0 (187)
Other investing activities (44) (105) 2
Total cash flows used in investing activities (486) (1,445) (1,993)
Cash flows from financing activities:      
Dividends to shareholders (278) (630) (630)
Proceeds from issuance of common stock 87 118 195
Stock repurchase program (100) (100) (400)
Payments on long-term borrowings (1,654) (13) (445)
Other financing activities (56) (70) (139)
Total cash flows used in financing activities (1,007) (695) (1,419)
Effect of exchange rate changes on cash (93) (45) (74)
Cash and equivalents at beginning of year 2,268 2,008 2,337
Cash and equivalents at end of year 2,563 2,268 2,008
Cash payments (receipts) during the period for:      
Interest 509 534 556
Income taxes 300 363 178
Increase (Decrease) in Employee Related Liabilities (160) (38) (69)
Proceeds from Issuance of Long-term Debt 994 0 0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $ 295 $ 260 $ (329)