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CONDENSED CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net earnings (loss) $ 289 $ (413)
Loss from discontinued operations   1
Non-cash charges    
Depreciation and amortization 363 380
Pension expense 30 24
Restructuring, asset impairment and related charges 72 56
Pension settlement charges 8 13
Goodwill impairment charge   595
Gain on sale of ANZ business (280)  
Cash payments    
Pension contributions (32) (29)
Asbestos-related payments   (135)
Cash paid for restructuring activities (32) (41)
Change in components of working capital (402) (661)
Other, net (a) 112 (36)
Cash provided by (utilized in) continuing operating activities 128 (246)
Cash utilized in discontinued operating activities   (1)
Total cash provided by (utilized in) operating activities 128 (247)
Cash flows from investing activities:    
Cash payments for property, plant and equipment (246) (333)
Acquisitions, net of cash acquired   (157)
Contributions and advances to joint ventures   (22)
Cash proceeds on disposal of assets 2 2
Cash proceeds on sale of ANZ businesses, net of transaction costs 441  
Deconsolidation of Paddock (47)  
Other 1 5
Cash provided by (utilized in) investing activities 151 (505)
Cash flows from financing activities:    
Changes in borrowings, net (300) 593
Payment of finance fees (50) (31)
Treasury shares repurchased   (38)
Dividends paid (8) (24)
Net cash proceeds (payments) for hedging activity (8) 28
Sale leaseback proceeds in conjunction with ANZ sale 155  
Distributions to noncontrolling interests (5) (7)
Other, net (3) (3)
Cash provided by (utilized in) financing activities (219) 518
Effect of exchange rate fluctuations on cash (5) (5)
Increase (Decrease) in cash 55 (239)
Cash at beginning of period 551 512
Cash at end of period $ 606 $ 273