Webber Company Reported the Following Information for 20X2 (In Millions)

Essay

Webber Company reported the following information for 20X2 (in millions). Identify where these items would be classified on the statement of cash flows (operating, investing, or financing) and whether they would be added or deducted in those sections. $$\begin{array} { | l | r | } \hline & 20X 2 \\\hline \text { Interest payments } & \$ 585 \\\hline \text { Proceeds from the issuance of notes } & \$ 3,833 \\\hline \text { Borrowings under a revolving line of credit } & \$ 462 \\\hline \text { Debt retirements } & \$ 2,794 \\\hline \text { Gain on early retirement of debt } & \$ 350 \\\hline\end{array}$$