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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net income $ 565 $ 412 $ 327
Adjustments to reconcile net income to net cash provided by operations:      
Depreciation and amortization 491 473 401
Stock-based compensation expense 46 20 50
Below market intangible amortization (50) (88) (82)
Deferred income taxes 88 29 (27)
(Gain) Loss on disposal of property, plant and equipment (4) 10 16
Changes in operating assets and liabilities, net of acquisitions      
Accounts receivable and unbilled accounts receivable (76) 315 (6)
Inventories (41) 181 256
Accounts payable 109 (269) (144)
Accrued income taxes (4) 57 11
Accrued liabilities and customer deposits 84 (91) (12)
Other assets and liabilities (135) (265) 226
Net cash provided by operating activities 1,073 784 1,016
Investing Activities      
Purchase of property, plant and equipment (130) (136) (186)
Proceeds from disposal of property, plant and equipment 25 21 4
Acquisitions of business, net of cash acquired (435) (40) (2,996)
Net cash used for investing activities (540) (155) (3,178)
Financing Activities      
Proceeds from debt, net of issuance costs 5,391 3,878 3,982
Payments of debt (5,552) (4,077) (3,424)
Repurchase of stock (300) (207) 0
Payment of contingent consideration on acquisitions (99) (115) (10)
Cash dividends (92) (93) (82)
Other financing activities (1) (5) (5)
Net cash (used for) provided by financing activities (653) (619) 461
Effect of changes in currency exchange rates (6) (15) (37)
Decrease in cash (126) (5) (1,738)
Cash and cash equivalents, beginning of year 599 604 2,342
Cash and cash equivalents, end of year $ 473 $ 599 $ 604