Cash flow Statement (Annual, GAAP
in millions $) |
(Dec 31 2023) 12 Months |
(Dec 31 2022) 12 Months |
(Dec 31 2021) 12 Months |
(Dec 31 2020) 12 Months |
(Dec 31 2019) 12 Months |
Income |
956.40 |
- |
- |
-945.70 |
246.20 |
Depreciation & amortization |
682.80 |
684.80 |
786.10 |
922.00 |
859.00 |
Amortization of Other Assets |
5.70 |
7.70 |
6.70 |
8.10 |
13.60 |
Equity in earnings from joint ventures
|
- |
- |
- |
- |
- |
Goodwill, Impairment Loss |
- |
845.00 |
- |
- |
- |
Accounting changes |
- |
- |
- |
- |
- |
Increase (Decrease) in Inventories |
21.70 |
-64.60 |
-143.90 |
-46.20 |
-17.70 |
Derivatives |
- |
- |
- |
- |
- |
Business Combination Step Acquisition Equity InterestIn Acquiree Remeasurement Gain |
- |
- |
- |
- |
- |
Share-based Compensation |
44.90 |
33.60 |
32.10 |
24.20 |
3.40 |
Income (Loss) from Equity Method Investments |
-12.00 |
-4.70 |
- |
- |
- |
Minority interest |
- |
- |
- |
- |
- |
Loss Gain On Sale Or Impairment Of Properties And Intangibles |
- |
18.60 |
9.10 |
1,553.50 |
614.70 |
Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments |
- |
- |
- |
- |
- |
Equity Income Loss In Equity Method Investment |
- |
- |
- |
- |
- |
Distributions From Equity Method Investment |
- |
- |
- |
- |
- |
Pension Expense Cash Flow |
- |
- |
- |
- |
-10.10 |
Loss Gain On Sale Or Impairment Of Property Plant Equipment And Intangibles |
181.90 |
-186.50 |
1,008.50 |
-945.70 |
- |
Unrealized Gain Loss On Foreign Currency Fluctuations And Derivative Instruments |
88.30 |
- |
- |
- |
- |
Income taxes |
- |
- |
- |
- |
- |
Losses/ -gains on investments net |
- |
- |
- |
- |
- |
Increase (Decrease) in Receivables |
-0.70 |
-108.50 |
-137.60 |
160.80 |
38.50 |
Increase (Decrease) in Accounts Payable, Trade |
50.20 |
-16.10 |
285.50 |
-50.10 |
-53.00 |
Accrued liabilities |
- |
- |
- |
- |
- |
Post-retirement benefits expense |
- |
- |
- |
- |
- |
Prepaid expenses |
- |
- |
- |
- |
- |
Other Working Capital |
9.20 |
6.00 |
-40.10 |
11.60 |
19.70 |
Other assets & liabilities |
- |
- |
- |
- |
- |
Other net |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Operating Activities |
50.60 |
286.70 |
-232.90 |
1,003.20 |
183.00 |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Operating Activities |
2,079.00 |
1,502.00 |
1,573.50 |
1,695.70 |
1,897.30 |
Capital Expenditures |
-671.50 |
-661.40 |
-522.60 |
-574.80 |
-593.80 |
Sale of Capital Items |
10.90 |
32.20 |
26.00 |
158.80 |
115.90 |
Short-term investments - liq. |
- |
- |
- |
- |
- |
Short-term investments - acq. |
- |
- |
- |
- |
- |
Proceeds from sales of other investments |
- |
- |
- |
- |
- |
Proceeds From Sales Of Businesses And Other Assets |
- |
- |
- |
- |
- |
Payments Of Discontinued Operations Related Liabilities |
- |
- |
- |
- |
- |
Payments To Invest In Equity Method Investment |
- |
- |
- |
- |
- |
Return Of Capital From Equity Method Investment |
- |
- |
- |
- |
- |
Payments On Settlements Of Debt Related Derivatives |
- |
- |
- |
- |
- |
Derivative instruments |
- |
- |
- |
- |
- |
Payments to Acquire Loans Receivable |
- |
- |
- |
- |
- |
Proceeds from sale of investments |
- |
- |
- |
- |
- |
Purchases of Investments |
- |
- |
- |
- |
- |
Purchases of non-current assets |
- |
- |
- |
- |
- |
Payments to Acquire Businesses, Net of Cash Acquired |
-63.70 |
- |
- |
- |
- |
Payments to Acquire Equity Method Investments |
- |
- |
- |
- |
- |
Proceeds from Divestiture of Businesses |
- |
- |
- |
- |
- |
Proceeds from sale of assets |
- |
- |
- |
- |
- |
Proceeds from Collection of Loans Receivable |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Investing Activities |
-117.40 |
4.10 |
-13.30 |
2.40 |
44.60 |
Other Net |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Investing Activities |
-841.70 |
-625.10 |
-509.90 |
-413.60 |
-433.30 |
Short-term debt Net |
- |
- |
- |
- |
- |
Other borrowing transactions |
- |
- |
- |
- |
- |
Long-term debt - borrowings |
-397.80 |
-502.10 |
-1,006.60 |
-917.40 |
-1,583.20 |
Long-term debt - repayments |
- |
- |
- |
- |
- |
Noncontrolling interest |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Comm. Stock |
-197.90 |
-48.40 |
4.60 |
4.10 |
1.60 |
Exercise of stock options |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Pref. Stock |
- |
- |
- |
- |
- |
Discontinued Operations |
- |
- |
- |
- |
- |
Other financing activities net |
- |
- |
- |
- |
- |
Other net |
-31.00 |
-6.00 |
-23.80 |
-31.80 |
3.70 |
Payments For Repurchase Of Treasury Stock |
- |
- |
- |
- |
- |
Proceeds From Repayments Of Revolving Credit Facilities |
- |
-3.70 |
1.40 |
- |
-4.70 |
Payments To Acquire Noncontrolling Interest |
- |
- |
- |
- |
- |
Payments of Ordinary Dividends, Noncontrolling Interest |
- |
- |
- |
- |
- |
Dividends paid |
-354.70 |
-329.30 |
-147.80 |
-125.30 |
-424.40 |
Net Cash flow from
Financing Activities |
-981.40 |
-889.50 |
-1,172.20 |
-1,070.40 |
-2,007.00 |
Effect of exchange rate on cash flow |
13.00 |
-24.80 |
-24.10 |
35.00 |
8.50 |
Discontinued operations |
- |
- |
- |
- |
- |
Free
Cash Flow |
1,418.40 |
872.80 |
1,076.90 |
1,279.70 |
1,419.40 |
Total Cash Flow |
268.90 |
-37.40 |
-108.60 |
211.70 |
-543.00 |
Cash & cash equiv. at beg.
of the Year |
- |
- |
- |
- |
1,057.90 |
Cash & cash equivalents at
end of period |
- |
- |
- |
- |
- |
Cash Interests paid |
- |
- |
- |
- |
- |
Cash Income taxes paid |
-244.80 |
-76.60 |
-227.00 |
-127.00 |
-57.00 |