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CONDENSED CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Mar. 31, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Cash flows from operating activities:              
Net earnings $ 91   $ 335   $ 123 $ 289  
Gain from discontinued operations (7)       (7)    
Non-cash charges              
Depreciation and amortization         349 363  
Pension expense         24 30  
Charge related to Paddock support agreement liability   $ 154     154    
Brazil indirect tax credit         (69)    
Restructuring, asset impairment and related charges 12   5   20 72  
Pension settlement charges         5 8  
Gain on sale of ANZ business     (280)     (280)  
Cash payments              
Pension contributions         (33) (32)  
Cash paid for restructuring activities (5)   (10)   (14) (32)  
Change in components of working capital         (139) (402)  
Other, net (a)         36 112  
Cash provided by continuing operating activities         449 128  
Cash provided by discontinued operating activities         7    
Cash provided by operating activities         456 128  
Cash flows from investing activities:              
Cash payments for property, plant and equipment         (268) (246)  
Cash proceeds on disposal of other businesses and misc. assets         8 2  
Cash proceeds on sale of ANZ businesses, net of transaction costs         58 441  
Deconsolidation of Paddock       $ (47)   (47)  
Other           1  
Cash provided by (utilized in) investing activities         (202) 151  
Cash flows from financing activities:              
Changes in borrowings, net         (119) (300)  
Payment of finance fees           (50)  
Shares repurchased         (30)    
Dividends paid           (8)  
Net cash proceeds (payments) for hedging activity         (10) (8)  
Sale leaseback proceeds in conjunction with ANZ sale           155  
Distributions to non-controlling interests         (10) (5)  
Other, net         (2) (3)  
Cash utilized in financing activities         (171) (219)  
Effect of exchange rate fluctuations on cash         (18) (5)  
Change in cash         65 55  
Cash at beginning of period   $ 563   $ 551 563 551 $ 551
Cash at end of period $ 628   $ 606   $ 628 $ 606 $ 563