Annual report pursuant to Section 13 and 15(d)

NET CHANGE IN OPERATING ASSETS AND LIABILITIES (Tables)

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NET CHANGE IN OPERATING ASSETS AND LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2021
Increase (Decrease) in Operating Capital [Abstract]  
Net change in operating assets and liabilities
Net cash provided by (used in) operating activities attributable to the net change in operating assets and liabilities was composed of the following (in millions):
Year Ended December 31, 2021 2020 2019
(Increase) decrease in trade accounts receivable1
$ (225) $ 882  $ (158)
(Increase) decrease in inventories (135) 99  (183)
(Increase) decrease in prepaid expenses and other current assets (241) 78  (87)
Increase (decrease) in accounts payable and accrued expenses2
2,843  (860) 1,318 
Increase (decrease) in accrued income taxes3
(566) (16) 96 
Increase (decrease) in other noncurrent liabilities4
(351) 507  (620)
Net change in operating assets and liabilities $ 1,325  $ 690  $ 366 
1The increase in trade accounts receivable in 2021 was primarily due to improved business performance. The decrease in trade accounts receivable in 2020 was primarily due to the impact of the COVID-19 pandemic and the start of a trade accounts receivable factoring program. Refer to Note 1 for additional information on the factoring program.
2The increase in accounts payable and accrued expenses in 2021 was primarily driven by an increase in trade accounts payable, higher marketing accruals, BodyArmor acquisition-related accruals and higher annual incentive accruals. The decrease in accounts payable and accrued expenses in 2020 was primarily driven by the impact of the COVID-19 pandemic and lower annual incentive accruals. Refer to Note 2 for information regarding the BodyArmor acquisition.
3The decrease in accrued income taxes in 2021 was primarily driven by increased tax payments in 2021. Refer to Note 14.
4The increase in other noncurrent liabilities in 2020 was primarily due to the increase in income tax reserves related to the litigation with the IRS. Refer to Note 11