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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 401 $ (2,696)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Impairments and other charges 0 3,220
Depreciation, depletion and amortization 449 599
Deferred Income Tax Expense (Benefit) 0 (353)
Changes in assets and liabilities:    
Receivables (306) 1,079
Accounts payable 323 (744)
Inventories (6) (39)
Other operating activities (231) 175
Total cash flows provided by operating activities 612 823
Cash flows from investing activities:    
Capital expenditures (295) (355)
Proceeds from sales of property, plant and equipment 105 122
Other investing activities (31) (48)
Total cash flows used in investing activities (221) (281)
Cash flows from financing activities:    
Payments on long-term borrowings (192) (1,653)
Proceeds from issuance of long-term debt, net 0 994
Dividends to shareholders (80) (198)
Stock repurchase program 0 (100)
Other financing activities 4 20
Total cash flows used in financing activities (268) (937)
Effect of exchange rate changes on cash (28) (62)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total 95 (457)
Cash and equivalents at beginning of period 2,563 2,268
Cash and equivalents at end of period 2,658 1,811
Cash payments during the period for:    
Interest 261 258
Income taxes $ 123 197
Maximum Percentage Gross Trade Receivables From One Customer 10.00%  
Increase (Decrease) in Employee Related Liabilities $ (18) $ (418)