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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 $ 1,083 $ 1,373 $ 497
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 129 114 107
Impairment of long-lived assets 1 6 16
Gain on Acquisition (157) 0 0
Loss on early debt extinguishment 0 11 0
Deferred taxes 1 7 2
Other adjustments, net 33 11 18
Receivables 22 (14) (53)
Inventories (66) (71) (12)
Prepaid expenses and other current assets (7) 0 (4)
Accounts payable and accrued liabilities 15 46 30
Income taxes payable, net of receivables 6 (5) 54
Net cash provided by operating activities 1,144 1,484 659
CASH FLOWS FROM INVESTING ACTIVITIES:      
Property, plant, and equipment additions (412) (250) (71)
Proceeds from divestiture of businesses 268 0 15
Cash Surrender Value of Life Insurance 0 0 10
Other investing activities, net 0 5 3
Net cash provided by (used in) investing activities (146) (247) (49)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayment of long term debt 0 (359) (350)
Proceeds from Debt, Maturing in More than Three Months 0 350 350
Payment of cash dividends (69) (66) (65)
Purchase of stock (900) (1,300) (200)
Other financing activities, net (13) (13) (7)
Net cash used in financing activities (982) (1,388) (272)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations (5) (14) 2
Net increase (decrease) in cash, cash equivalents, and restricted cash 12 (164) 340
Cash, cash equivalents, and restricted cash at the beginning of the year 371 535 195
Cash, cash equivalents, and restricted cash at the end of the year 383 371 535
Supplemental Cash Flow Information [Abstract]      
Cash paid for income taxes, net (320) (421) (70)
Tax authority deposit applied to income taxes 0 0 (32)
Cash paid for interest, net (14) (16) (18)
Unpaid capital expenditures 48 46 16
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement 82 2 0
Depreciation and amortization 129 114 107
Capital Expenditures 412 250 71
Continued and discontinued operations      
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 132 119 111
CASH FLOWS FROM INVESTING ACTIVITIES:      
Property, plant, and equipment additions (414) (254) (77)
Depreciation and amortization 132 119 111
Capital Expenditures $ 414 $ 254 $ 77