v3.24.2.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net earnings (loss) $ 40 $ 152
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization 195 204
Stock-based compensation 19 30
Realized and unrealized (gains) losses on financial instruments, net 17 46
Gain on sale of assets and sale leaseback transactions (1) (119)
Gain on insurance proceeds, net of fire related costs   (228)
Insurance proceeds received for operating expenses and business interruption losses   226
Loss on disposition of Zulily   64
Deferred income tax expense (benefit) (60) 25
Other, net 6 6
Changes in operating assets and liabilities    
Decrease (increase) in accounts receivable 395 403
Decrease (increase) in inventory (84) 131
Decrease (increase) in prepaid expenses and other assets 39 61
(Decrease) increase in trade accounts payable (122) (220)
(Decrease) increase in accrued and other liabilities (151) (313)
Net cash provided (used) by operating activities 293 468
Cash flows from investing activities:    
Capital expenditures (94) (105)
Expenditures for television distribution rights (13) (107)
Cash proceeds from dispositions of investments 6 71
Cash paid for disposal of Zulily   (28)
Proceeds from sale of fixed assets 6 200
Insurance proceeds received for fixed asset loss   54
Payments for settlements of financial instruments   (179)
Proceeds from settlements of financial instruments   167
Other investing activities, net (3) (1)
Net cash provided (used) by investing activities (98) 72
Cash flows from financing activities:    
Borrowings of debt 1,660 1,002
Repayments of debt (1,716) (1,320)
Dividends paid to noncontrolling interest (22) (24)
Dividends paid to common shareholders (4) (7)
Indemnification agreement settlement   25
Other financing activities, net (3) (2)
Net cash provided (used) by financing activities (85) (326)
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash (21) (7)
Net increase (decrease) in cash, cash equivalents and restricted cash 89 207
Cash, cash equivalents and restricted cash at beginning of period 1,136 1,285
Cash, cash equivalents and restricted cash at end of period $ 1,225 $ 1,492

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