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Consolidated and Combined 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 (loss) $ 277 $ 139 $ (492)
Adjustments to reconcile net income (loss) to net cash flows from (used in) operating activities:      
Depreciation and amortization 1,418 1,486 1,103
Provision (benefit) for deferred income taxes 51 (98) (232)
Loss (gain) on sale of business 138 (171) 0
Equity in loss of affiliate 0 139 11
Changes in operating assets and liabilities:      
Current receivables (521) (160) (1,304)
Inventories (200) (339) 418
Accounts payable 261 738 290
Progress collections and deferred income 1,147 (27) (293)
Contract and other deferred assets (60) 129 (439)
Other operating items, net (343) (98) 140
Net cash flows from (used in) operating activities 2,168 1,738 (798)
Cash flows from investing activities:      
Expenditures for capital assets (1,240) (995) (665)
Proceeds from disposal of assets 264 458 172
Proceeds from business dispositions 77 453 20
Net cash paid for acquisitions 0 (89) (3,365)
Net cash paid for business interests (176) (530) (10)
Other investing items, net 30 125 (275)
Net cash flows used in investing activities (1,045) (578) (4,123)
Cash flows from financing activities:      
Net repayments of short-term borrowings (542) (376) (663)
Proceeds from the issuance of long-term debt 525 0 3,928
Repayments of long-term debt (570) (684) (177)
Distributions to GE (745) (824) (406)
Repurchase of common units from GE by BHGE LLC (250) (2,486) (477)
Net transfer from Parent 0 0 1,498
Contribution received from GE 0 0 7,400
Other financing items, net 48 (11) (189)
Net cash flows from (used in) financing activities (1,534) (4,381) 10,914
Effect of currency exchange rate changes on cash and cash equivalents (21) (128) 52
Increase (decrease) in cash and cash equivalents (432) (3,349) 6,045
Cash and cash equivalents, beginning of period 3,677 [1] 7,026 981
Cash and cash equivalents, end of period 3,245 [1] 3,677 [1] 7,026
Supplemental cash flows disclosures:      
Income taxes paid, net of refunds 446 424 230
Interest paid $ 285 $ 301 $ 109
[1]
Total assets include $273 million and $896 million of assets held on behalf of GE, of which $162 million and $747 million is cash and cash equivalents and $111 million and $149 million is investment securities at December 31, 2019 and 2018, respectively, and a corresponding amount of liability is reported in short-term borrowings. See "Note 17. Related Party Transactions" for further details.