v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings/(loss) $ 0 $ 93,000,000
Adjustments to reconcile earnings/(loss) from operations to net cash from operations:    
Depreciation and amortization 99,000,000 81,000,000
Non-cash foreign currency transaction (gain)/loss, net 27,000,000 9,000,000
Amortization and write-off of debt financing costs 2,000,000 2,000,000
Asset impairments charges and (gain)/loss on sale of assets (2,000,000) 3,000,000
Payments for (Proceeds from) Businesses and Interest in Affiliates [1] 0 (1,000,000)
Debt Call Premium Fees 0 4,000,000
Derivative, Gain (Loss) on Derivative, Net 0 (2,000,000)
Share issuances related to stock-based compensation 19,000,000 21,000,000
Provision/(benefit) for deferred income taxes (4,000,000) (8,000,000)
Provision for bad debts and inventory 28,000,000 10,000,000
Change in operating assets and liabilities:    
Decrease/(increase) in trade receivables 31,000,000 185,000,000
Decrease/(increase) in inventories (85,000,000) (63,000,000)
Increase/(decrease) in accounts payable (52,000,000) (6,000,000)
Other assets/accrued liabilities, net — current and non-current (155,000,000) (165,000,000)
Net Cash Provided by (Used in) Operating Activities, Total (92,000,000) 163,000,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment and other productive assets (149,000,000) (154,000,000)
Proceeds from Sale and Maturity of Marketable Securities 24,000,000 20,000,000
Proceeds from Sale of Property, Plant, and Equipment 6,000,000 0
Settlement on sale of subsidiaries, net 0 3,000,000
Payment for acquisitions, net of cash acquired 0 (26,000,000)
Payments to Acquire Investments   4,000,000
Proceeds from Sale and Maturity of Other Investments 3,000,000  
Net cash (used in) investing activities (116,000,000) (167,000,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Issuance of Debt 75,000,000 1,096,000,000
Payments related to long-term obligations (7,000,000) (3,000,000)
Payments of Debt Issuance Costs 0 (15,000,000)
Dividends and Interest Paid 0 (4,000,000)
Proceeds from Tax Withholding Obligations 2,000,000  
Cash paid, in lieu of equity, for tax withholding   (4,000,000)
Proceeds from (Repurchase of) Equity [Abstract]    
Proceeds from Stock Options Exercised 1,000,000 8,000,000
Proceeds from (Payments for) Other Financing Activities 3,000,000 4,000,000
Net cash (used in)/provided by financing activities 74,000,000 1,082,000,000
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (34,000,000) (5,000,000)
NET INCREASE/(DECREASE) IN CASH AND EQUIVALENTS (168,000,000) 1,073,000,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 281,000,000 1,969,000,000
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 449,000,000  
CASH AND EQUIVALENTS AT END OF PERIOD 281,000,000  
SUPPLEMENTARY CASH FLOW INFORMATION:    
Interest paid 46,000,000 40,000,000
Income taxes paid, net $ 11,000,000 $ 15,000,000
[1] Gain on sale of subsidiary for the three months ended September 30, 2021 was due to the sale of the facility in Woodstock, Illinois and the associated business