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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Consolidated net income $ 514 $ 421
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 482 472
Deferred income tax expense (benefit) (11) (14)
Interest accretion on landfill and environmental remediation liabilities 28 26
Provision for bad debts 10 11
Equity-based compensation expense 25 23
Net gain on disposal of assets (4) (9)
(Gain) loss from divestitures, asset impairments and other, net 17 17
Equity in net losses of unconsolidated entities, net of dividends 15 9
Change in operating assets and liabilities, net of effects of acquisitions and divestitures:    
Receivables 93 199
Other current assets (20) (1)
Other assets 19 7
Accounts payable and accrued liabilities 101 (2)
Deferred revenues and other liabilities (11) (39)
Net cash provided by operating activities 1,258 1,120
Cash flows from investing activities:    
Acquisitions of businesses, net of cash acquired (9) (7)
Capital expenditures (418) (270)
Proceeds from divestitures of businesses and other assets, net of cash divested 5 15
Other, net (150) (72)
Net cash used in investing activities (572) (334)
Cash flows from financing activities:    
New borrowings 2,362  
Debt repayments (2,471) (329)
Common stock repurchase program (250) (250)
Cash dividends (275) (247)
Exercise of common stock options 9 17
Tax payments associated with equity-based compensation transactions (34) (28)
Other, net 24 7
Net cash used in financing activities (635) (830)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents 1 2
Increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents 52 (42)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 194 648
Cash, cash equivalents and restricted cash and cash equivalents at end of period $ 246 $ 606