Table 3: Condensed consolidated statement of cash flows (unaudited)
| ($ in millions) | Three months ended | Full-year | |||||||||||||||||
|
December 31,
2021 |
October 3,
2021 |
December 31,
2020 | 2021 | 2020 | |||||||||||||||
| Cash flows from operating activities: | |||||||||||||||||||
| Net income (loss) | $ | 610 | $ | 526 | $ | 320 | $ | 1,906 | $ | 80 | |||||||||
| Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities: | |||||||||||||||||||
| Depreciation and amortization | 310 | 306 | 316 | 1,262 | 1,988 | ||||||||||||||
| Stock-based compensation | 88 | 81 | 89 | 353 | 384 | ||||||||||||||
| Amortization of discount (premium) on debt, net | — | — | — | 1 | (1 | ) | |||||||||||||
| Amortization of debt issuance costs | 2 | 2 | 2 | 7 | 9 | ||||||||||||||
| Net (gain) loss on sale of assets | (1 | ) | — | (4 | ) | (1 | ) | (115 | ) | ||||||||||
| (Gain) loss on extinguishment of debt | 22 | — | 60 | 22 | 60 | ||||||||||||||
| Results relating to equity-accounted investees | 2 | (3 | ) | 1 | 2 | 4 | |||||||||||||
| (Gain) loss on equity securities, net | 4 | (4 | ) | (21 | ) | 2 | (21 | ) | |||||||||||
| Deferred tax expense (benefit) | (26 | ) | (6 | ) | (75 | ) | (20 | ) | (349 | ) | |||||||||
| Changes in operating assets and liabilities: | |||||||||||||||||||
| (Increase) decrease in receivables and other current assets | 38 | 16 | (50 | ) | (176 | ) | (51 | ) | |||||||||||
| (Increase) decrease in inventories | (16 | ) | (57 | ) | 34 | (159 | ) | 163 | |||||||||||
| Increase (decrease) in accounts payable and other liabilities | 6 | 118 | 333 | 248 | 319 | ||||||||||||||
| (Increase) decrease in other non-current assets | (244 | ) | (46 | ) | 23 | (350 | ) | 7 | |||||||||||
| Exchange differences | (2 | ) | (3 | ) | 10 | (5 | ) | 16 | |||||||||||
| Other items | (8 | ) | (6 | ) | (9 | ) | (15 | ) | (11 | ) | |||||||||
| Net cash provided by (used for) operating activities | 785 | 924 | 1,029 | 3,077 | 2,482 | ||||||||||||||
| Cash flows from investing activities: | |||||||||||||||||||
| Purchase of identified intangible assets | (33 | ) | (27 | ) | (35 | ) | (132 | ) | (130 | ) | |||||||||
| Capital expenditures on property, plant and equipment | (266 | ) | (201 | ) | (104 | ) | (767 | ) | (392 | ) | |||||||||
| Purchase of equipment leased to others | (19 | ) | (14 | ) | — | (33 | ) | — | |||||||||||
| Insurance recoveries received for equipment damage | 3 | 7 | — | 10 | — | ||||||||||||||
| Proceeds from the disposals of property, plant and equipment | — | 1 | 1 | 1 | 4 | ||||||||||||||
| Purchase of interests in businesses, net of cash acquired | (6 | ) | (16 | ) | (13 | ) | (23 | ) | (34 | ) | |||||||||
| Proceeds from sale of interests in businesses, net of cash divested | — | — | — | — | 161 | ||||||||||||||
| Purchase of investments | (2 | ) | — | (15 | ) | (8 | ) | (30 | ) | ||||||||||
| Proceeds from the sale of investments | — | — | 2 | 8 | 2 | ||||||||||||||
| Proceeds from return of equity investments | 7 | 2 | 1 | 10 | 1 | ||||||||||||||
| Net cash provided by (used for) investing activities | (316 | ) | (248 | ) | (163 | ) | (934 | ) | (418 | ) | |||||||||
| Cash flows from financing activities: | |||||||||||||||||||
| Repurchase of long-term debt | (1,021 | ) | — | (1,809 | ) | (1,021 | ) | (1,809 | ) | ||||||||||
| Proceeds from the issuance of long-term debt | 2,000 | — | — | 4,000 | 2,000 | ||||||||||||||
| Cash paid for debt issuance costs | (25 | ) | — | — | (47 | ) | (15 | ) | |||||||||||
| Dividends paid to non-controlling interests | — | — | (1 | ) | — | (35 | ) | ||||||||||||
| Dividends paid to common stockholders | (150 | ) | (152 | ) | (105 | ) | (562 | ) | (420 | ) | |||||||||
| Proceeds from issuance of common stock through stock plans | 2 | 29 | 8 | 62 | 72 | ||||||||||||||
| Purchase of treasury shares and restricted stock unit withholdings | (750 | ) | (1,157 | ) | (257 | ) | (4,015 | ) | (627 | ) | |||||||||
| Other, net | (1 | ) | — | (1 | ) | (2 | ) | (1 | ) | ||||||||||
| Net cash provided by (used for) financing activities | 55 | (1,280 | ) | (2,165 | ) | (1,585 | ) | (835 | ) | ||||||||||
| Effect of changes in exchange rates on cash positions | 3 | (3 | ) | 8 | (3 | ) | 1 | ||||||||||||
| Increase (decrease) in cash and cash equivalents | 527 | (607 | ) | (1,291 | ) | 555 | 1,230 | ||||||||||||
| Cash and cash equivalents at beginning of period | 2,303 | 2,910 | 3,566 | 2,275 | 1,045 | ||||||||||||||
| Cash and cash equivalents at end of period | 2,830 | 2,303 | 2,275 | 2,830 | 2,275 | ||||||||||||||
| Net cash paid during the period for: | |||||||||||||||||||
| Interest | 140 | 56 | 125 | 356 | 336 | ||||||||||||||
| Income taxes, net of refunds | 103 | 89 | 45 | 353 | 148 | ||||||||||||||
| Net gain (loss) on sale of assets: | |||||||||||||||||||
| Cash proceeds from the sale of assets | 1 | — | 2 | 1 | 165 | ||||||||||||||
| Book value of these assets | — | — | 2 | — | (50 | ) | |||||||||||||
| Non-cash investing activities: | |||||||||||||||||||
| Non-cash capital expenditures | 243 | 224 | 119 | 243 | 119 | ||||||||||||||
