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	$ 47	$ 97
Accounts receivable	720	660
Inventory	690	642
Total current assets	1,457	1,399
Property, plant, and equipment	1,585	1,556
Less accumulated depreciation	818	675
Net property,plant, and equipment	767	881
Total assets	$ 2,224	$ 2,280
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 276	$ 168
Accrued liabilities	188	162
Income taxes payable	93	80
Total current liabilities	557	410
Bonds payable	455	680
Total liabilities	1,012	1,090
Stockholders' equity:
Common stock	185	185
Retained earnings	1,027	1,005
Total stockholders' equity	1,212	1,190
Total liabilities and stockholders' equity	$ 2,224	$ 2,280

Burgess Company Income Statement (dollars in millions)
Sales	$ 3,940
Cost of goods sold	2,700
Gross margin	1,240
Selling and administrative expenses	896
Net operating income	344
Nonoperating items:
Gain on sale of equipment	2
Income before taxes	346
Income taxes	128
Net income	$ 218

Burgess also provided the following information:

1. The company sold equipment that had an original cost of $28 million and accumulated depreciation of $15 million. The cash proceeds from the sale were $15 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.)