XML 18 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net earnings (loss) $ (46) $ 154
Loss from discontinued operations   1
Non-cash charges    
Depreciation and amortization 247 253
Pension expense 20 16
Restructuring, asset impairment and related charges 67 32
Pension settlement charges 8 2
Cash payments    
Pension contributions (21) (19)
Asbestos-related payments   (103)
Cash paid for restructuring activities (22) (29)
Change in components of working capital (415) (939)
Other, net (a) 28 (30)
Cash utilized in continuing operating activities (134) (662)
Cash utilized in discontinued operating activities   (1)
Total cash utilized in operating activities (134) (663)
Cash flows from investing activities:    
Cash payments for property, plant and equipment (189) (233)
Acquisitions, net of cash acquired   (157)
Contributions and advances to joint ventures   (22)
Net cash proceeds on disposal of assets 2 1
Deconsolidation of Paddock (47)  
Other 1 1
Cash utilized in investing activities (233) (410)
Cash flows from financing activities:    
Changes in borrowings, net 922 970
Payment of finance fees (45) (8)
Treasury shares repurchased   (38)
Dividends paid (8) (16)
Net cash proceeds for hedging activity 42 28
Distributions to non-controlling interests (4) (7)
Other, net (3) (3)
Cash provided by financing activities 904 926
Effect of exchange rate fluctuations on cash (21) 6
Increase (Decrease) in cash 516 (141)
Cash at beginning of period 551 512
Cash at end of period $ 1,067 $ 371