Consolidated and Combined Statements of Cash Flows - USD ($) $ in Millions |
12 Months Ended |
Dec. 31, 2019 |
Dec. 31, 2018 |
Dec. 31, 2017 |
| Cash flows from operating activities: |
|
|
|
|
|
| Net income (loss) |
$ 271
|
|
$ 283
|
|
$ (391)
|
| Adjustments to reconcile net income (loss) to net cash flows from (used in) operating activities: |
|
|
|
|
|
| Depreciation and amortization |
1,418
|
|
1,486
|
|
1,103
|
| Provision (benefit) for deferred income taxes |
51
|
|
(249)
|
|
(333)
|
| Loss (gain) on sale of business |
138
|
|
(171)
|
|
0
|
| Equity in loss of affiliate |
0
|
|
139
|
|
11
|
| Changes in operating assets and liabilities: |
|
|
|
|
|
| Current receivables |
(583)
|
|
(204)
|
|
(1,190)
|
| Inventories |
(200)
|
|
(339)
|
|
418
|
| Accounts payable |
249
|
|
794
|
|
303
|
| Progress collections and deferred income |
1,147
|
|
(27)
|
|
(293)
|
| Contract and other deferred assets |
(60)
|
|
129
|
|
(439)
|
| Other operating items, net |
(305)
|
|
(79)
|
|
12
|
| Net cash flows from (used in) operating activities |
2,126
|
|
1,762
|
|
(799)
|
| Cash flows from investing activities: |
|
|
|
|
|
| Expenditures for capital assets |
(1,240)
|
|
(995)
|
|
(665)
|
| Proceeds from disposal of assets |
264
|
|
458
|
|
172
|
| Proceeds from business dispositions |
77
|
|
453
|
|
20
|
| Net cash paid for acquisitions |
0
|
|
(89)
|
|
(3,365)
|
| Net cash paid for business interests |
(176)
|
|
(530)
|
|
(10)
|
| Other investing items, net |
30
|
|
125
|
|
(275)
|
| Net cash flows used in investing activities |
(1,045)
|
|
(578)
|
|
(4,123)
|
| Cash flows from financing activities: |
|
|
|
|
|
| Net repayments of short-term borrowings |
(542)
|
|
(376)
|
|
(663)
|
| Proceeds from the issuance of long-term debt |
525
|
|
0
|
|
3,928
|
| Repayments of long-term debt |
(570)
|
|
(684)
|
|
(177)
|
| Dividends paid |
(395)
|
|
(315)
|
|
(155)
|
| Distributions to GE |
(350)
|
|
(495)
|
|
(251)
|
| Repurchase of Class A common stock |
0
|
|
(387)
|
|
(174)
|
| Repurchase of common units from GE by BHGE LLC |
(250)
|
|
(2,099)
|
|
(303)
|
| Net transfer from Parent |
0
|
|
0
|
|
1,498
|
| Contribution received from GE |
0
|
|
0
|
|
7,400
|
| Other financing items, net |
48
|
|
(7)
|
|
(184)
|
| Net cash flows from (used in) financing activities |
(1,534)
|
|
(4,363)
|
|
10,919
|
| Effect of currency exchange rate changes on cash and cash equivalents |
(21)
|
|
(128)
|
|
52
|
| Increase (decrease) in cash and cash equivalents |
(474)
|
|
(3,307)
|
|
6,049
|
| Cash and cash equivalents, beginning of period |
3,723
|
[1] |
7,030
|
|
981
|
| Cash and cash equivalents, end of period |
3,249
|
[1] |
3,723
|
[1] |
7,030
|
| Supplemental cash flows disclosures: |
|
|
|
|
|
| Income taxes paid, net of refunds |
438
|
|
424
|
|
230
|
| Interest paid |
$ 285
|
|
$ 301
|
|
$ 109
|
|
|