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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities:    
Net income $ 58 $ 66
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 171 179
Operating lease expense 24 30
Equity losses of affiliates 2 4
Cash distributions received from affiliates 2 1
Impairment charges 21 0
Other, net 35 18
Deferred income taxes and taxes payable 19 (4)
Change in operating assets and liabilities, net of acquisitions:    
Receivables and other assets (129) (96)
Inventories, net (55) (61)
Accounts payable and other liabilities (203) (168)
Net cash used in operating activities (55) (31) Close
Investing activities:    
Capital expenditures (124) (104)
Acquisitions, net of cash acquired (20) (3)
Investments in equity affiliates and other (15) (8)
Proceeds from property, plant and equipment and other asset dispositions 0 4
Other, net 0 (19)
Net cash used in investing activities (159) (130) Close
Financing activities:    
Borrowings 925 328
Repayment of borrowings (933) (337)
Repurchase of shares (29) (127)
Dividends paid (28) (31)
Other, net 0 18
Net cash used in financing activities (65) (149) Close
Net change in cash and cash equivalents (279) (310) Close
Cash and cash equivalents, beginning of period 1,833 1,822
Exchange movement on opening cash balance (25) (54)
Cash and cash equivalents, end of period $ 1,529 $ 1,458