XML 20 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities    
Net income (loss) $ 126 $ (125)
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss from discontinued operations 0 37
Depreciation and amortization 160 171
Stock-based compensation expense 48 40
Deferred income taxes (17) 1
Goodwill and Long-Lived Intangible Asset Impairment 0 193
Gain on sale of property, plant and equipment (6) 0
Changes in assets and liabilities:    
Receivables (71) (41)
Inventories (64) (88)
Current payables and accrued expenses (144) (57)
Contract liabilities 76 0
Employee benefit plans (9) (8)
Other assets and liabilities (28) (28)
Net cash provided by operating activities 71 95
Investing activities    
Expenditures for property, plant and equipment (35) (70)
Proceeds from sale of property, plant and equipment 11 0
Additions to capitalized software (103) (86)
Business acquisitions, net (12) 0
Other investing activities, net 5 (3)
Net cash used in investing activities (134) (159)
Financing activities    
Short term borrowings, net 4 2
Payments on term credit facilities (39) (34)
Payments on revolving credit facilities (914) (1,013)
Borrowings on revolving credit facilities 897 1,163
Repurchases of Company common stock 0 (210)
Proceeds from employee stock plans 10 11
Tax withholding payments on behalf of employees (16) (29)
Net cash used in financing activities (58) (110)
Cash flows from discontinued operations    
Net cash used in operating activities (11) (11)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1 (8)
Decrease in cash, cash equivalents, and restricted cash (131) (193)
Cash, cash equivalents and restricted cash at beginning of period 476 543
Cash, cash equivalents and restricted cash at end of period $ 345 $ 350