XML 18 R8.htm IDEA: XBRL DOCUMENT v3.24.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net loss $ (482) $ (204)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 99 99
Amortization of intangible assets 162 159
Goodwill and intangible asset impairments 510 307
Deferred income taxes (20) (107)
Stock-based compensation expense 35 33
Other non-cash expense 36 29
Changes in operating assets and liabilities:    
Accounts and notes receivable-trade, net 19 (31)
Inventories, net 2 (45)
Prepaid expenses and other current assets 61 (52)
Other noncurrent assets (6) (4)
Accounts payable (6) (10)
Accrued liabilities (17) 16
Income taxes (15) (6)
Other noncurrent liabilities (4) 33
Net cash provided by operating activities 374 217
Cash flows from investing activities:    
Capital expenditures (129) (109)
Cash received on derivative contracts 0 39
Cash paid on derivative contracts (12) 0
Other investing activities 1 1
Net cash used in investing activities (140) (69)
Cash flows from financing activities:    
Cash paid for treasury stock (250) (150)
Proceeds on short-term borrowings 99 68
Cash dividends paid (95) (86)
Proceeds from long-term borrowings 0 2
Repayments on long-term borrowings (8) (6)
Other financing activities, net (10) (7)
Net cash used in financing activities (264) (179)
Effect of exchange rate changes on cash and cash equivalents (8) (25)
Net decrease in cash and cash equivalents (38) (56)
Cash and cash equivalents at beginning of period 334 365
Cash and cash equivalents at end of period $ 296 $ 309