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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income (loss) $ 1,595 $ 1,468 $ (2,942)
Adjustments to reconcile net income (loss) to cash flows from operating activities:      
Impairments and other charges 366 12 3,799
Cash impact of impairments and other charges - severance payments 0 (47) (350)
Depreciation, depletion and amortization 940 904 1,058
Deferred income tax provision (benefit), continuing operations 70 (486) (444)
Changes in assets and liabilities:      
Receivables (1,151) (500) 1,394
Accounts payable 852 795 (934)
Inventories (642) (10) 340
Other operating activities 212 (225) (40)
Total cash flows provided by operating activities 2,242 1,911 1,881
Cash flows from investing activities:      
Capital expenditures (1,011) (799) (728)
Proceeds from sales of property, plant and equipment 200 257 286
Other investing activities (156) (79) (44)
Total cash flows used in investing activities (967) (534) (486)
Cash flows from financing activities:      
Dividends to shareholders (435) (161) (278)
Proceeds from issuance of common stock 229 79 87
Stock repurchase program (250) 0 (100)
Payments on long-term borrowings (1,242) (700) (1,654)
Other financing activities (100) (56) (56)
Total cash flows used in financing activities (1,798) (838) (1,007)
Cash and equivalents at beginning of year 3,044 2,563 2,268
Cash and equivalents at end of year 2,346 3,044 2,563
Cash payments (receipts) during the period for:      
Interest 487 517 509
Income taxes 354 214 300
Proceeds from Issuance of Long-term Debt 0 0 994
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total (698) 481 295
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations (175) (58) (93)
Structured Real Estate Transaction      
Cash flows from investing activities:      
Proceeds from Sale of Real Estate Held-for-investment $ 0 $ 87 $ 0