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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Repayments of Long-term Debt $ 0.0 $ (350.0) $ (359.0) $ (350.0)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 497.0 31.0 817.0 64.0
Adjustments to net income:        
Depreciation and amortization 29.0 28.0 58.0 56.0
Impairment of Long-Lived Assets Held-for-use 0.0 8.0 0.0 15.0
Deferred Income Tax Expense (Benefit) 3.0 5.0 7.0 1.0
Gain (Loss) on Extinguishment of Debt 0.0 0.0 11.0 0.0
Other adjustments, net 7.0 15.0 10.0 10.0
Receivables (50.0) 4.0 (124.0) (27.0)
Prepaid expenses and other current assets (9.0) (4.0) (6.0) (5.0)
Inventories (3.0) 38.0 (53.0) 2.0
Accounts payable and accrued liabilities 39.0 (6.0) 37.0 (22.0)
Income taxes payable, net of receivables 56.0 (10.0) (16.0) (26.0)
Net cash provided by operating activities 457.0 129.0 772.0 120.0
CASH FLOWS FROM INVESTING ACTIVITIES:        
Property, plant, and equipment additions (32.0) (15.0) (65.0) (39.0)
Proceeds from Divestiture of Businesses 0.0 14.0 0.0 14.0
Proceeds from Life Insurance Policy 0.0 10.0 0.0 10.0
Other investing activities 1.0 3.0 3.0 3.0
Net cash used in investing activities (31.0) 12.0 (63.0) (12.0)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from Issuance of Long-term Debt 0.0 0.0 350.0 350.0
Payment of cash dividend (16.0) (17.0) (33.0) (33.0)
Purchase of stock (465.0) 0.0 (588.0) 0.0
Other financing activities (2.0) (1.0) (12.0) (6.0)
Net cash (used in) provided by financing activities (484.0) (368.0) (642.0) (39.0)
EFFECT OF EXCHANGE RATE ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH 2.0 (2.0) 0.0 (5.0)
Net (decrease) increase in cash, cash equivalents and restricted cash (55.0) (229.0) 68.0 64.0
Cash, cash equivalents and restricted cash at beginning of period 658.0 488.0 535.0 195.0
Cash, cash equivalents and restricted cash at end of period 603.0 259.0 603.0 259.0
Income Taxes Paid, Net 200.0 0.0 221.0 29.0
Interest Paid, Including Capitalized Interest, Operating and Investing Activities 0.0 2.0 9.0 12.0
Supplemental Cash Flow Information [Abstract]        
Income Taxes Paid, Net 200.0 0.0 221.0 29.0
Interest Paid, Including Capitalized Interest, Operating and Investing Activities 0.0 2.0 9.0 12.0
Capital Expenditures Incurred but Not yet Paid $ 26.0 $ 11.0 $ 26.0 $ 11.0