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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities    
Net income (loss) $ 28 $ 8
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Loss (income) from discontinued operations 1 (5)
Depreciation and amortization 306 299
Stock-based compensation expense 68 69
Deferred income taxes 16 6
Impairment of other assets 1 0
Loss (gain) on disposal of property, plant and equipment and other assets 1 2
(Gain) loss on divestiture (8) 0
Changes in assets and liabilities, net of effects of business acquired:    
Receivables 91 (209)
Inventories 21 (202)
Current payables and accrued expenses (104) 58
Contract liabilities 25 34
Employee benefit plans (24) 6
Other assets and liabilities 122 52
Net cash provided by operating activities 544 118
Investing activities    
Expenditures for property, plant and equipment (70) (32)
Proceeds from sale of property, plant and equipment and other assets 8 3
Additions to capitalized software (134) (142)
Business acquisitions, net of cash acquired (6) (1)
Proceeds from divestiture, net 8 0
Other investing activities, net 0 (5)
Net cash used in investing activities (194) (177)
Financing activities    
Short term borrowings, net 0 2
Payments on term credit facilities (50) (4)
Payments on revolving credit facilities (927) (599)
Borrowings on revolving credit facilities 732 637
Payments on other financing arrangements (2) 0
Cash dividend paid for Series A preferred shares dividends (8) (8)
Proceeds from employee stock plans 14 14
Tax withholding payments on behalf of employees (16) (36)
Net change in client funds obligations 0 (3)
Principal payments for finance lease obligations (9) (8)
Other financing activities 0 (2)
Net cash provided by (used in) financing activities (266) (7)
Cash flows from discontinued operations    
Net cash provided by (used in) operating activities of discontinued operations (6) 0
Effect of exchange rate changes on cash, cash equivalents and restricted cash (8) (19)
Increase (decrease) in cash, cash equivalents, and restricted cash 70 (85)
Cash, cash equivalents and restricted cash at beginning of period 740 749
Cash, cash equivalents and restricted cash at end of period $ 810 $ 664