XML 21 R6.htm IDEA: XBRL DOCUMENT v3.20.4
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 $ 497 $ (10) $ 395
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 111 123 120
Impairment of long-lived assets 16 92 11
Gain on Acquisition 0 (14) 0
Deferred taxes 2 10 27
Pension contributions 0 (1) (41)
Other adjustments, net 18 20 24
Receivables (53) (21) 3
Inventories (12) 3 (2)
Prepaid expenses (4) (1) 0
Accounts payable and accrued liabilities 30 (4) (21)
Income taxes payable, net of receivables 54 (37) 2
Net Cash Provided by (Used in) Operating Activities, Continuing Operations 659 160 518
Cash Provided by (Used in) Operating Activities, Discontinued Operations 0 (1) (7)
Net cash provided by operating activities 659 159 511
CASH FLOWS FROM INVESTING ACTIVITIES:      
Property, plant, and equipment additions (77) (163) (214)
Acquisition of businesses, net of cash acquired 0 30 0
Receipt of proceeds from note receivable from asset sales 0 0 22
Proceeds from Divestiture of Businesses 15 0 0
Cash Surrender Value of Life Insurance 10 0 0
Payments to Acquire Interest in Subsidiaries and Affiliates 0 (3) (45)
Other investing activities, net 3 (1) (1)
Net cash provided by (used in) investing activities (49) (137) (238)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayment of long term debt (350) (5) (25)
Proceeds from Debt, Maturing in More than Three Months 350 0 0
Payment of cash dividends (65) (65) (74)
Purchase of stock (200) (638) (212)
Other financing activities, net (7) (9) (6)
Net cash used in financing activities (272) (717) (317)
Effect of exchange rate on cash, cash equivalents, and restricted cash 2 (2) (5)
Net increase (decrease) in cash, cash equivalents, and restricted cash 340 (697) (49)
Cash, cash equivalents, and restricted cash at the beginning of the year 195 892 941
Cash, cash equivalents, and restricted cash at the end of the year 535 195 892
Supplemental Cash Flow Information [Abstract]      
Cash paid for income taxes, net (70) (20) (90)
Tax authority deposit applied to income taxes (32) 0 0
Cash paid for interest, net (18) (13) (1)
Unpaid capital expenditures $ 16 $ 15 $ 22