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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 1,373 $ 497 $ (10)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 119 111 123
Impairment of long-lived assets 6 16 92
Gain on Acquisition 0 0 (14)
Loss on early debt extinguishment 11 0 0
Deferred taxes 7 2 10
Other adjustments, net 13 18 19
Receivables (14) (53) (21)
Inventories (71) (12) 3
Prepaid expenses 0 (4) (1)
Accounts payable and accrued liabilities 46 30 (4)
Income taxes payable, net of receivables (5) 54 (37)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations 1,484 659 160
Cash Provided by (Used in) Operating Activities, Discontinued Operations 0 0 (1)
Net cash provided by operating activities 1,484 659 159
CASH FLOWS FROM INVESTING ACTIVITIES:      
Property, plant, and equipment additions (254) (77) (163)
Acquisition of businesses, net of cash acquired 0 0 30
Proceeds from Divestiture of Businesses 0 15 0
Cash Surrender Value of Life Insurance 0 10 0
Payments to Acquire Interest in Subsidiaries and Affiliates 0 0 (3)
Other investing activities, net 5 3 (1)
Net cash provided by (used in) investing activities (247) (49) (137)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayment of long term debt (359) (350) (5)
Proceeds from Debt, Maturing in More than Three Months 350 350 0
Payment of cash dividends (66) (65) (65)
Purchase of stock (1,300) (200) (638)
Other financing activities, net (13) (7) (9)
Net cash used in financing activities (1,388) (272) (717)
Effect of exchange rate on cash, cash equivalents, and restricted cash (14) 2 (2)
Net increase (decrease) in cash, cash equivalents, and restricted cash (164) 340 (697)
Cash, cash equivalents, and restricted cash at the beginning of the year 535 195 892
Cash, cash equivalents, and restricted cash at the end of the year 371 535 195
Supplemental Cash Flow Information [Abstract]      
Cash paid for income taxes, net (421) (70) (20)
Tax authority deposit applied to income taxes 0 (32) 0
Cash paid for interest, net (16) (18) (13)
Unpaid capital expenditures $ 46 $ 16 $ 15