v3.21.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions |
3 Months Ended |
|
|
Cash flows from operating activities: |
|
|
Net loss |
$ (114)
|
$ (2,049)
|
Adjustments to reconcile net loss to net cash provided by operating activities: |
|
|
Depreciation and amortization |
79
|
105
|
Provision for inventory losses |
24
|
125
|
Deferred income taxes |
(1)
|
(62)
|
Equity loss in unconsolidated affiliates |
4
|
233
|
Goodwill and indefinite-lived intangible asset impairment |
|
1,378
|
Long-lived asset impairment |
|
513
|
Other, net |
25
|
45
|
Change in operating assets and liabilities, net of acquisitions: |
|
|
Receivables |
(5)
|
(27)
|
Inventories |
28
|
47
|
Contract assets |
35
|
(5)
|
Prepaid and other current assets |
33
|
9
|
Accounts payable |
(22)
|
(54)
|
Accrued liabilities |
(62)
|
(142)
|
Contract liabilities |
(5)
|
43
|
Income taxes payable |
(13)
|
(15)
|
Other assets/liabilities, net |
(33)
|
(105)
|
Net cash provided by (used by) operating activities |
(27)
|
39
|
Cash flows from investing activities: |
|
|
Purchases of property, plant and equipment |
(49)
|
(68)
|
Other |
(2)
|
15
|
Net cash used in investing activities |
(51)
|
(53)
|
Cash flows from financing activities: |
|
|
Borrowings against lines of credit and other debt |
17
|
|
Cash dividends paid |
|
(19)
|
Financing leases |
(7)
|
(8)
|
Other |
(13)
|
(16)
|
Net cash used in financing activities |
(3)
|
(43)
|
Effect of exchange rates on cash |
(4)
|
1
|
Decrease in cash and cash equivalents |
(85)
|
(56)
|
Cash and cash equivalents, beginning of period |
1,692
|
1,171
|
Cash and cash equivalents, end of period |
1,607
|
1,115
|
Cash payments during the period for: |
|
|
Interest |
3
|
3
|
Income taxes |
$ 9
|
$ 14
|
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