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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 165 $ 207
Adjustments to Reconcile Net Income to Net Cash (Used In) Provided by Operating Activities:    
Depreciation and Amortization 148 139
Deferred Income Taxes (16) 30
Amount of Postretirement Expense Less Than Funding 1 1
Asset Impairment Charges 0 4
Other, Net 14 16
Changes in Operating Assets and Liabilities (309) (337)
Net Cash Provided by Operating Activities 3 60 Close
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital Spending (324) (189)
Packaging Machinery Spending (7) (7)
Acquisition of Businesses, Net of Cash Acquired 0 (100)
Beneficial Interest on Sold Receivables 48 30
Beneficial Interest Obtained in Exchange for Proceeds (28) (6)
Other, Net 0 (1)
Net Cash Used in Investing Activities (311) (273) Close
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchase of Common Stock 0 (28)
Payments on Debt (10) (5)
Proceeds from Issuance of Debt 250 0
Borrowings under Revolving Credit Facilities 1,106 1,832
Payments on Revolving Credit Facilities (1,006) (1,569)
Repurchase of Common Stock related to Share-Based Payments (22) (20)
Dividends Paid (31) (31)
Other, Net 0 (2)
Net Cash Provided by Financing Activities 287 177 Close
Decrease in cash and cash equivalents, including cash classified within Assets Held for Sale (21) (36)
Less Cash reclassified to Assets Held for Sale 0 2
Effect of Exchange Rate Changes on Cash (5) 1 Close
Net Decrease in Cash and Cash Equivalents (26) (37) Close
Cash and Cash Equivalents at Beginning of Period 162 150
Cash and Cash Equivalents at End of Period 136 113
Non-cash Investing Activities:    
Beneficial Interest Obtained in Exchange for Trade Receivables 33 32
Right-of-Use Assets Obtained in Exchange for New Operating Lease Liabilities $ 35 $ 26