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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net income (loss) $ (41) $ 8
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 81 151
Stock-based compensation expense 13 32
Deferred income taxes 6 6
Loss (gain) on disposal of property, plant and equipment and other assets 0 2
(Gain) loss on divestiture (7) (3)
Changes in assets and liabilities, net of effects of business acquired:    
Receivables 17 65
Inventories 0 (45)
Current payables and accrued expenses (61) 20
Contract liabilities 61 95
Employee benefit plans (3) (16)
Other assets and liabilities (101) (4)
Net cash provided by (used in) operating activities (35) 311
Investing activities    
Expenditures for property, plant and equipment (8) (19)
Additions to capitalized software (53) (64)
Business acquisitions, net of cash acquired 0 (6)
Proceeds from divestiture 7 3
Net cash provided by (used in) investing activities (54) (86)
Financing activities    
Payments on term credit facilities (4) (26)
Payments on revolving credit facilities (122) (448)
Borrowings on revolving credit facilities 220 318
Cash dividend paid for Series A preferred shares dividends (4) (4)
Proceeds from employee stock plans 0 6
Tax withholding payments on behalf of employees (8) (16)
Principal payments for finance lease obligations (2) (5)
Net cash provided by (used in) financing activities 80 (175)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (7) (10)
Increase (decrease) in cash, cash equivalents, and restricted cash (16) 40
Cash, cash equivalents and restricted cash at beginning of period 285 740
Cash, cash equivalents and restricted cash at end of period $ 269 $ 780