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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ (10) $ 395 $ 390
Depreciation and amortization 123 120 123
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Impairment of long-lived assets 92 11 9
Gain on Acquisition (14) 0 0
Deferred taxes 10 27 1
Pension contributions (1) (41) (13)
Other adjustments, net 20 24 24
Receivables (21) 3 (35)
Inventories 3 (2) (23)
Prepaid expenses (1) 0 (2)
Accounts payable and accrued liabilities (4) (21) 23
Income taxes payable, net of receivables (37) 2 (21)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations 160 518 476
Cash Provided by (Used in) Operating Activities, Discontinued Operations (1) (7) (2)
Net cash provided by operating activities 159 511 474
CASH FLOWS FROM INVESTING ACTIVITIES:      
Property, plant, and equipment additions (163) (214) (149)
Acquisition of businesses, net of cash acquired 30 0 (21)
Receipt of proceeds from note receivable from asset sales 0 22 0
Payment of long-tern deposit 0 0 (32)
Investment in unconsolidated affiliates (3) (45) 0
Other investing activities, net (1) (1) 3
Net cash provided by (used in) investing activities (137) (238) (199)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayment of long term debt (5) (25) (3)
Payment of cash dividends (65) (74) 0
Purchase of stock (638) (212) 0
Other financing activities, net (9) (6) (6)
Net cash used in financing activities (717) (317) (9)
EFFECT OF EXCHANGE RATE ON CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (2) (5) 3
Net increase (decrease) in cash, cash equivalents, and restricted cash (697) (49) 269
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 195 892 941
Income Taxes Paid, Net (20) (90) (143)
interest paid net of cash received $ (13) $ (1) $ (12)