A comparative balance sheet and an income statement for Burgess Company are given below:

Burgess Company Comparative Balance Sheet (dollars in millions)
	Ending Balance			Beginning Balance
Assets
Current assets:
Cash and cash equivalents	$	58		$	119
Accounts receivable		830			759
Inventory		745			686
Total current assets		1,633			1,564
Property, plant, and equipment		1,695			1,655
Less accumulated depreciation		884			708
Net property, plant, and equipment		811			947
Total assets	$	2,444		$	2,511
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	298		$	179
Accrued liabilities		199			151
Income taxes payable		115			91
Total current liabilities		612			421
Bonds payable		510			790
Total liabilities		1,122			1,211
Stockholders' equity:
Common stock		240			240
Retained earnings		1,082			1,060
Total stockholders' equity		1,322			1,300
Total liabilities and stockholders' equity	$	2,444		$	2,511

Burgess Company Income Statement (dollars in millions)
Sales	$	4,270
Cost of goods sold		2,920
Gross margin		1,350
Selling and administrative expenses		918
Net operating income		432
Nonoperating items:
Gain on sale of equipment		2
Income before taxes		434
Income taxes		150
Net income	$	284

Burgess also provided the following information:

1. The company sold equipment that had an original cost of $50 million and accumulated depreciation of $26 million. The cash proceeds from the sale were $26 million. The gain on the sale was $2 million.

2. The company did not issue any new bonds during the year.

3. The company paid a cash dividend during the year.

4. The company did not complete any common stock transactions during the year.

Required:

Using the indirect method, prepare a statement of cash flows for the year. (Enter your answers in millions not in dollars. List any deduction in cash and cash outflows as negative amounts.)