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Supplemental Guarantor Condensed Consolidating Financial Statements (Tables)
 6 Months Ended
Jun. 30, 2013
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Statement of Comprehensive Income (Loss)
STATEMENT OF COMPREHENSIVE INCOME (LOSS)
 
For the Three Months Ended June 30, 2013
 
Guarantor
Subsidiaries
 
Nonguarantor
Subsidiaries
 
Tenneco Inc.
(Parent
Company)
 
Reclass &
Elims
 
Consolidated
 
(Millions)
Revenues
 
 
 
 
 
 
 
 
 
Net sales and operating revenues —
 
 
 
 
 
 
 
 
 
External
$
904

 
$
1,163

 
$
—

 
$
—

 
$
2,067

Affiliated companies
92

 
141

 
—

 
(233
)
 
—

 
996

 
1,304

 
—

 
(233
)
 
2,067

Costs and expenses
 
 
 
 
 
 
 
 
 
Cost of sales (exclusive of depreciation and amortization shown below)
776

 
1,192

 
—

 
(232
)
 
1,736

Engineering, research, and development
14

 
19

 
—

 
—

 
33

Selling, general, and administrative
45

 
60

 
1

 
—

 
106

Depreciation and amortization of other intangibles
19

 
31

 
—

 
—

 
50

 
854

 
1,302

 
1

 
(232
)
 
1,925

Other income (expense)
 
 
 
 
 
 
 
 
 
Loss on sale of receivables
—

 
(1
)
 
—

 
—

 
(1
)
Other income (loss)
34

 
5

 
—

 
(39
)
 
—

 
34

 
4

 
—

 
(39
)
 
(1
)
Earnings (loss) before interest expense, income taxes, noncontrolling interests, and equity in net income from affiliated companies
176

 
6

 
(1
)
 
(40
)
 
141

Interest expense —
 
 
 
 
 
 
 
 
 
External (net of interest capitalized)
(1
)
 
1

 
20

 
—

 
20

Affiliated companies (net of interest income)
18

 
(18
)
 
—

 
—

 
—

Earnings (loss) before income taxes, noncontrolling interests, and equity in net income from affiliated companies
159

 
23

 
(21
)
 
(40
)
 
121

Income tax expense
40

 
7

 
—

 
—

 
47

Equity in net income (loss) from affiliated companies
2

 
—

 
84

 
(86
)
 
—

Net Income
121

 
16

 
63

 
(126
)
 
74

Less: Net income attributable to noncontrolling interests
—

 
11

 
—

 
—

 
11

Net income (loss) attributable to Tenneco Inc.
$
121

 
$
5

 
$
63

 
$
(126
)
 
$
63

Comprehensive income (loss) attributable to Tenneco Inc.
$
126

 
$
(18
)
 
$
63

 
$
(126
)
 
$
45


 
STATEMENT OF COMPREHENSIVE INCOME (LOSS)
 
For the Three Months Ended June 30, 2012
 
Guarantor
Subsidiaries
 
Nonguarantor
Subsidiaries
 
Tenneco Inc.
(Parent
Company)
 
Reclass &
Elims
 
Consolidated
 
(Millions)
Revenues
 
 
 
 
 
 
 
 
 
Net sales and operating revenues —
 
 
 
 
 
 
 
 
 
External
$
897

 
$
1,023

 
$
—

 
$
—

 
$
1,920

Affiliated companies
45

 
145

 
—

 
(190
)
 
—

 
942

 
1,168

 
—

 
(190
)
 
1,920

Costs and expenses
 
 
 
 
 
 
 
 
 
Cost of sales (exclusive of depreciation and amortization shown below)
771

 
1,014

 
—

 
(190
)
 
1,595

Engineering, research, and development
12

 
16

 
—

 
—

 
28

Selling, general, and administrative
38

 
70

 
1

 
—

 
109

Depreciation and amortization of other intangibles
18

 
32

 
—

 
—

 
50

 
839

 
1,132

 
1

 
(190
)
 
1,782

Other income (expense)
 
 
 
 
 
 
 
 
 
Loss on sale of receivables
—

 
(1
)
 
—

 
—

 
(1
)
Other income (expense)
43

 
(4
)
 
—

 
(39
)
 
—

 
43

 
(5
)
 
—

 
(39
)
 
(1
)
Earnings before interest expense, income taxes, noncontrolling interests, and equity in net income from affiliated companies
146

 
31

 
(1
)
 
(39
)
 
137

Interest expense —
 
 
 
 
 
 
 
 
 
External (net of interest capitalized)
—

 
1

 
20

 
—

 
21

Affiliated companies (net of interest income)
58

 
(23
)
 
(35
)
 
—

 
—

Earnings (loss) before income taxes, noncontrolling interests, and equity in net income from affiliated companies
88

 
53

 
14

 
(39
)
 
116

Income tax expense
5

 
16

 
—

 
—

 
21

Equity in net income (loss) from affiliated companies
29

 
—

 
73

 
(102
)
 
—

Net income (loss)
112

 
37

 
87

 
(141
)
 
95

Less: Net income attributable to noncontrolling interests
—

 
8

 
—

 
—

 
8

Net income (loss) attributable to Tenneco Inc.
$
112

 
$
29

 
$
87

 
$
(141
)
 
$
87

Comprehensive income (loss) attributable to Tenneco Inc.
$
102

 
$
1

 
$
87

 
$
(141
)
 
$
49



STATEMENT OF COMPREHENSIVE INCOME (LOSS)
 
For the Six Months Ended June 30, 2013
 
Guarantor
Subsidiaries
 
Nonguarantor
Subsidiaries
 
Tenneco Inc.
(Parent
Company)
 
Reclass &
Elims
 
Consolidated
 
(Millions)
Revenues

 

 

 

 

Net sales and operating revenues —

 

 

 

 

External
$
1,756

 
$
2,214

 
$
—

 
$
—

 
$
3,970

Affiliated companies
171

 
291

 
—

 
(462
)
 
—


1,927

 
2,505

 
—

 
(462
)
 
3,970

Costs and expenses

 

 

 

 

Cost of sales (exclusive of depreciation and amortization shown below)
1,518

 
2,283

 
—

 
(461
)
 
3,340

Goodwill impairment charge
—

 
—

 
—

 
—

 
—

Engineering, research, and development
29

 
39

 
—

 
—

 
68

Selling, general, and administrative
98

 
124

 
3

 
—

 
225

Depreciation and amortization of other intangibles
38

 
62

 
—

 
—

 
100


1,683

 
2,508

 
3

 
(461
)
 
3,733

Other income (expense)

 

 

 

 

Loss on sale of receivables
—

 
(2
)
 
—

 
—

 
(2
)
Other income (expense)
33

 
5

 
—

 
(39
)
 
(1
)

33

 
3

 
—

 
(39
)
 
(3
)
Earnings before interest expense, income taxes, noncontrolling interests, and equity in net income from affiliated companies
277

 
—

 
(3
)
 
(40
)
 
234

Interest expense —

 

 

 

 

External (net of interest capitalized)
(1
)
 
2

 
39

 
—

 
40

Affiliated companies (net of interest income)
36

 
(37
)
 
1

 
—

 
—

Earnings (loss) before income taxes, noncontrolling interests, and equity in net income from affiliated companies
242

 
35

 
(43
)
 
(40
)
 
194

Income tax expense
46

 
13

 
—

 
—

 
59

Equity in net income (loss) from affiliated companies
(3
)
 
—

 
160

 
(157
)
 
—

Net income (loss)
193

 
22

 
117

 
(197
)
 
135

Less: Net income attributable to noncontrolling interests
—

 
18

 
—

 
—

 
18

Net income (loss) attributable to Tenneco Inc.
$
193

 
$
4

 
$
117

 
$
(197
)
 
$
117

Comprehensive income (loss) attributable to Tenneco Inc.
$
193

 
$
(36
)
 
$
117

 
$
(197
)
 
$
77


STATEMENT OF COMPREHENSIVE INCOME (LOSS)
 
For the Six Months Ended June 30, 2012
 
Guarantor
Subsidiaries
 
Nonguarantor
Subsidiaries
 
Tenneco Inc.
(Parent
Company)
 
Reclass &
Elims
 
Consolidated
 
(Millions)
Revenues

 

 

 

 

Net sales and operating revenues —

 

 

 

 

External
$
1,787

 
$
2,045

 
$
—

 
$
—

 
$
3,832

Affiliated companies
96

 
297

 
—

 
(393
)
 
—


1,883

 
2,342

 
—

 
(393
)
 
3,832

Costs and expenses

 

 

 

 

Cost of sales (exclusive of depreciation and amortization shown below)
1,618

 
1,977

 
—

 
(393
)
 
3,202

Goodwill impairment charge
—

 
—

 
—

 
—

 
—

Engineering, research, and development
28

 
38

 
—

 
—

 
66

Selling, general, and administrative
77

 
147

 
3

 
—

 
227

Depreciation and amortization of other intangibles
36

 
63

 
—

 
—

 
99


1,759

 
2,225

 
3

 
(393
)
 
3,594

Other income (expense)

 

 

 

 

Loss on sale of receivables
—

 
(2
)
 
—

 
—

 
(2
)
Other income (expense)
46

 
(10
)
 
—

 
(39
)
 
(3
)

46

 
(12
)
 
—

 
(39
)
 
(5
)
Earnings before interest expense, income taxes, noncontrolling interests, and equity in net income from affiliated companies
170

 
105

 
(3
)
 
(39
)
 
233

Interest expense —

 

 

 

 

External (net of interest capitalized)
—

 
2

 
61

 
—

 
63

Affiliated companies (net of interest income)
112

 
(42
)
 
(70
)
 
—

 
—

Earnings (loss) before income taxes, noncontrolling interests, and equity in net income from affiliated companies
58

 
145

 
6

 
(39
)
 
170

Income tax expense
7

 
32

 
—

 
—

 
39

Equity in net income (loss) from affiliated companies
97

 
—

 
111

 
(208
)
 
—

Net income (loss)
148

 
113

 
117

 
(247
)
 
131

Less: Net income attributable to noncontrolling interests
—

 
14

 
—

 
—

 
14

Net income (loss) attributable to Tenneco Inc.
$
148

 
$
99

 
$
117

 
$
(247
)
 
$
117

Comprehensive income (loss) attributable to Tenneco Inc.
$
145

 
$
93

 
$
117

 
$
(247
)
 
$
108
Balance Sheet
BALANCE SHEET
 
June 30, 2013
 
Guarantor
Subsidiaries
 
Nonguarantor
Subsidiaries
 
Tenneco Inc.
(Parent
Company)
 
Reclass &
Elims
 
Consolidated
 
(Millions)
ASSETS
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
1

 
$
234

 
$
—

 
$
—

 
$
235

Restricted cash
—

 
5

 
—

 
—

 
5

Receivables, net
488

 
1,227

 
30

 
(527
)
 
1,218

Inventories
273

 
396

 
—

 
—

 
669

Deferred income taxes
90

 
—

 
6

 
(24
)
 
72

Prepayments and other
39

 
209

 
—

 
—

 
248

Total current assets
891

 
2,071

 
36

 
(551
)
 
2,447

Other assets:
 
 
 
 
 
 
 
 
 
Investment in affiliated companies
518

 
—

 
870

 
(1,388
)
 
—

Notes and advances receivable from affiliates
960

 
5,768

 
4,660

 
(11,388
)
 
—

Long-term receivables, net
6

 
2

 
—

 
—

 
8

Goodwill
21

 
48

 
—

 
1

 
70

Intangibles, net
15

 
17

 
—

 
—

 
32

Deferred income taxes
116

 
11

 
24

 
—

 
151

Other
48

 
48

 
26

 
(1
)
 
121

 
1,684

 
5,894

 
5,580

 
(12,776
)
 
382

Plant, property, and equipment, at cost
1,129

 
2,204

 
—

 
—

 
3,333

Less — Accumulated depreciation and amortization
(781
)
 
(1,442
)
 
—

 
—

 
(2,223
)
 
348

 
762

 
—

 
—

 
1,110

Total assets
$
2,923

 
$
8,727

 
$
5,616

 
$
(13,327
)
 
$
3,939

LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
Short-term debt (including current maturities of long-term debt)
 
 
 
 
 
 
 
 
 
Short-term debt — non-affiliated
$
—

 
$
120

 
$
—

 
$
—

 
$
120

Short-term debt — affiliated
62

 
262

 
9

 
(333
)
 
—

Trade payables
522

 
975

 
—

 
(158
)
 
1,339

Accrued taxes
12

 
23

 
1

 
—

 
36

Other
120

 
230

 
9

 
(60
)
 
299

Total current liabilities
716

 
1,610

 
19

 
(551
)
 
1,794

Long-term debt — non-affiliated
—

 
8

 
1,150

 
—

 
1,158

Long-term debt — affiliated
1,515

 
5,806

 
4,067

 
(11,388
)
 
—

Deferred income taxes
—

 
26

 
—

 
—

 
26

Postretirement benefits and other liabilities
467

 
98

 
—

 
3

 
568

Commitments and contingencies
 
 
 
 
 
 
 
 
 
Total liabilities
2,698

 
7,548

 
5,236

 
(11,936
)
 
3,546

Redeemable noncontrolling interests
—

 
13

 
—

 
—

 
13

Tenneco Inc. shareholders’ equity
225

 
1,125

 
380

 
(1,391
)
 
339

Noncontrolling interests
—

 
41

 
—

 
—

 
41

Total equity
225

 
1,166

 
380

 
(1,391
)
 
380

Total liabilities, redeemable noncontrolling interests and equity
$
2,923

 
$
8,727

 
$
5,616

 
$
(13,327
)
 
$
3,939


 
BALANCE SHEET
 
December 31, 2012
 
Guarantor
Subsidiaries
 
Nonguarantor
Subsidiaries
 
Tenneco Inc.
(Parent
Company)
 
Reclass &
Elims
 
Consolidated
 
(Millions)
ASSETS
 
 
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
$
4

 
$
219

 
$
—

 
$
—

 
$
223

Receivables, net
341

 
1,268

 
30

 
(653
)
 
986

Inventories
278

 
389

 
—

 
—

 
667

Deferred income taxes
91

 
—

 
6

 
(25
)
 
72

Prepayments and other
28

 
148

 
—

 
—

 
176

Total current assets
742

 
2,024

 
36

 
(678
)
 
2,124

Other assets:
 
 
 
 
 
 
 
 
 
Investment in affiliated companies
551

 
—

 
717

 
(1,268
)
 
—

Notes and advances receivable from affiliates
957

 
4,495

 
4,594

 
(10,046
)
 
—

Long-term receivables, net
2

 
2

 
—

 
—

 
4

Goodwill
21

 
51

 
—

 
—

 
72

Intangibles, net
18

 
17

 
—

 
—

 
35

Deferred income taxes
55

 
1

 
60

 
—

 
116

Other
31

 
75

 
29

 
—

 
135

 
1,635

 
4,641

 
5,400

 
(11,314
)
 
362

Plant, property, and equipment, at cost
1,098

 
2,267

 
—

 
—

 
3,365

Less — Accumulated depreciation and amortization
(763
)
 
(1,480
)
 
—

 
—

 
(2,243
)
 
335

 
787

 
—

 
—

 
1,122

Total assets
$
2,712

 
$
7,452

 
$
5,436

 
$
(11,992
)
 
$
3,608

LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
 
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
 
Short-term debt (including current maturities of long-term debt)
 
 
 
 
 
 
 
 
 
Short-term debt — non-affiliated
$
—

 
$
112

 
$
1

 
$
—

 
$
113

Short-term debt — affiliated
250

 
173

 
10

 
(433
)
 
—

Trade payables
423

 
954

 
—

 
(191
)
 
1,186

Accrued taxes
16

 
34

 
—

 
—

 
50

Other
135

 
210

 
9

 
(54
)
 
300

Total current liabilities
824

 
1,483

 
20

 
(678
)
 
1,649

Long-term debt — non-affiliated
—

 
8

 
1,059

 
—

 
1,067

Long-term debt — affiliated
1,447

 
4,533

 
4,066

 
(10,046
)
 
—

Deferred income taxes
—

 
27

 
—

 
—

 
27

Postretirement benefits and other liabilities
438

 
118

 
—

 
3

 
559

Commitments and contingencies
 
 
 
 
 
 
 
 
 
Total liabilities
2,709

 
6,169

 
5,145

 
(10,721
)
 
3,302

Redeemable noncontrolling interests
—

 
15

 
—

 
—

 
15

Tenneco Inc. shareholders’ equity
3

 
1,223

 
291

 
(1,271
)
 
246

Noncontrolling interests
—

 
45

 
—

 
—

 
45

Total equity
3

 
1,268

 
291

 
(1,271
)
 
291

Total liabilities, redeemable noncontrolling interests and equity
$
2,712

 
$
7,452

 
$
5,436

 
$
(11,992
)
 
$
3,608
Statement of Cash Flows
STATEMENT OF CASH FLOWS
 
Three Months Ended June 30, 2013
 
Guarantor
Subsidiaries
 
Nonguarantor
Subsidiaries
 
Tenneco Inc.
(Parent
Company)
 
Reclass &
Elims
 
Consolidated
 
(Millions)
Operating Activities
 
 
 
 
 
 
 
 
 
Net cash provided (used) by operating activities
$
87

 
$
73

 
$
(27
)
 
$
—

 
$
133

Investing Activities
 
 
 
 
 
 
 
 
 
Proceeds from sale of assets
1

 
(1
)
 
—

 
—

 
—

Cash payments for plant, property, and equipment
(23
)
 
(31
)
 
—

 
—

 
(54
)
Cash payments for software related intangible assets
(6
)
 
—

 
—

 
—

 
(6
)
Changes in restricted cash
—

 
4

 
—

 
—

 
4

Net cash used by investing activities
(28
)
 
(28
)
 
—

 
—

 
(56
)
Financing Activities
 
 
 
 
 
 
 
 
 
Issuance of common and treasury shares
—

 
—

 
12

 
—

 
12

Retirement of long-term debt
—

 
(1
)
 
(2
)
 
—

 
(3
)
Purchase of common stock under the share repurchase program
—

 
—

 
(2
)
 
—

 
(2
)
Increase (decrease) in bank overdrafts
40

 
4

 
—

 
—

 
44

Net increase (decrease) in revolver borrowings and short-term debt excluding current maturities of long-term debt and short-term borrowings secured by accounts receivables
—

 
7

 
(91
)
 
—

 
(84
)
Intercompany dividends and net increase (decrease) in intercompany obligations
(102
)
 
(8
)
 
110

 
—

 
—

Distributions to noncontrolling interest partners
—

 
(23
)
 
—

 
—

 
(23
)
Net cash provided (used) by financing activities
(62
)
 
(21
)
 
27

 
—

 
(56
)
Effect of foreign exchange rate changes on cash and cash equivalents
—

 
(19
)
 
—

 
—

 
(19
)
Increase (decrease) in cash and cash equivalents
(3
)
 
5

 
—

 
—

 
2

Cash and cash equivalents, April 1
4

 
229

 
—

 
—

 
233

Cash and cash equivalents, June 30 (Note)
$
1

 
$
234

 
$
—

 
$
—

 
$
235

 
Note:
Cash and cash equivalents include highly liquid investments with a maturity of three months or less at the date of purchase.

 
STATEMENT OF CASH FLOWS
 
Three Months Ended June 30, 2012
 
Guarantor
Subsidiaries
 
Nonguarantor
Subsidiaries
 
Tenneco Inc.
(Parent
Company)
 
Reclass
&
Elims
 
Consolidated
 
(Millions)
Operating Activities
 
 
 
 
 
 
 
 
 
Net cash provided (used) by operating activities
$
122

 
$
24

 
$
(60
)
 
$
—

 
$
86

Investing Activities
 
 
 
 
 
 
 
 
 
Cash payments for plant, property, and equipment
(22
)
 
(38
)
 
—

 
—

 
(60
)
Cash payments for software related intangible assets
(1
)
 
(2
)
 
—

 
—

 
(3
)
Net cash used by investing activities
(23
)
 
(40
)
 
—

 
—

 
(63
)
Financing Activities
 
 
 
 
 
 
 
 
 
Retirement of long-term debt
—

 
(1
)
 
(21
)
 
—

 
(22
)
Debt issuance cost of long-term debt
—

 
—

 
(1
)
 
—

 
(1
)
Purchase of common stock under the share repurchase program
—

 
—

 
(18
)
 
—

 
(18
)
Increase (decrease) in bank overdrafts
—

 
(2
)
 
—

 
—

 
(2
)
Net increase (decrease) in revolver borrowings and short-term debt excluding current maturities of long-term debt
—

 
41

 
(38
)
 
—

 
3

Net increase in short-term borrowings secured by accounts receivable
—

 
—

 
30

 
—

 
30

Intercompany dividends and net increase (decrease) in intercompany obligations
(102
)
 
(6
)
 
108

 
—

 
—

Capital contribution from noncontrolling interest partner
—

 
1

 
—

 
—

 
1

Distributions to noncontrolling interest partners
—

 
(18
)
 
—

 
—

 
(18
)
Net cash provided (used) by financing activities
(102
)
 
15

 
60

 
—

 
(27
)
Effect of foreign exchange rate changes on cash and cash equivalents
—

 
(8
)
 
—

 
—

 
(8
)
Increase (decrease) in cash and cash equivalents
(3
)
 
(9
)
 
—

 
—

 
(12
)
Cash and cash equivalents, April 1
3

 
190

 
—

 
—

 
193

Cash and cash equivalents, June 30 (Note)
$
—

 
$
181

 
$
—

 
$
—

 
$
181

 
Note:
Cash and cash equivalents include highly liquid investments with a maturity of three months or less at the date of purchase.











STATEMENT OF CASH FLOWS
 
Six Months Ended June 30, 2013
 
Guarantor
Subsidiaries
 
Nonguarantor
Subsidiaries
 
Tenneco Inc.
(Parent
Company)
 
Reclass
&
Elims
 
Consolidated
 
(Millions)
Operating Activities

 

 

 

 

Net cash provided (used) by operating activities
$
(15
)
 
$
88

 
$
(32
)
 
$
—

 
$
41

Investing Activities


 


 


 


 


Proceeds from sale of assets
1

 
1

 
—

 
—

 
2

Cash payments for plant, property, and equipment
(55
)
 
(69
)
 
—

 
—

 
(124
)
Cash payments for software related intangible assets
(9
)
 
(3
)
 
—

 
—

 
(12
)
Changes in restricted cash
—

 
(5
)
 
—

 
—

 
(5
)
Net cash used by investing activities
(63
)
 
(76
)
 
—

 
—

 
(139
)
Financing Activities

 

 

 

 

Issuance of common and treasury shares
—

 
—

 
13

 
—

 
13

Retirement of long-term debt
—

 
(1
)
 
(7
)
 
—

 
(8
)
Purchase of common stock under the share repurchase program
—

 
—

 
(2
)
 
—

 
(2
)
Increase (decrease) in bank overdrafts
40

 
(5
)
 
—

 
—

 
35

Net increase (decrease) in short-term borrowings secured by accounts receivables
—

 
10

 
97

 
—

 
107

Intercompany dividends and net increase (decrease) in intercompany obligations
35

 
34

 
(69
)
 
—

 
—

Distributions to noncontrolling interest partners
—

 
(23
)
 
—

 
—

 
(23
)
Net cash provided by financing activities
$
75

 
$
15

 
$
32

 
$
—

 
$
122

Effect of foreign exchange rate changes on cash and cash equivalents
—

 
(12
)
 
—

 
—

 
(12
)
Increase (decrease) in cash and cash equivalents
(3
)
 
15

 
—

 
—

 
12

Cash and cash equivalents, January 1
4

 
219

 
—

 
—

 
223

Cash and cash equivalents, June 30 (Note)
$
1

 
$
234

 
$
—

 
$
—

 
$
235



Note:
Cash and cash equivalents include highly liquid investments with a maturity of three months or less at the date of purchase.

STATEMENT OF CASH FLOWS
 
Six Months Ended June 30, 2012
 
Guarantor
Subsidiaries
 
Nonguarantor
Subsidiaries
 
Tenneco Inc.
(Parent
Company)
 
Reclass
&
Elims
 
Consolidated
 
(Millions)
Operating Activities

 

 

 

 

Net cash provided (used) by operating activities
$
124

 
$
3

 
$
(126
)
 
$
—

 
$
1

Investing Activities

 

 

 

 

Proceeds from sale of assets
—

 
1

 
—

 
—

 
1

Cash payments for plant, property, and equipment
(47
)
 
(78
)
 
—

 
—

 
(125
)
Cash payments for software related intangible assets
(2
)
 
(5
)
 
—

 
—

 
(7
)
Net cash used by investing activities
(49
)
 
(82
)
 
—

 
—

 
(131
)
Financing Activities

 

 

 

 

Retirement of long-term debt
—

 
(1
)
 
(402
)
 
—

 
(403
)
Issuance of long-term debt
—

 
—

 
250

 
—

 
250

Debt issuance cost of long-term debt
—

 
—

 
(13
)
 
—

 
(13
)
Purchase of common stock under the share repurchase program
—

 
—

 
(18
)
 
—

 
(18
)
Net increase (decrease) in revolver borrowings and short-term debt excluding current maturities of long-term debt and short-term borrowings secured by accounts receivables
—

 
68

 
168

 
—

 
236

Net increase (decrease) in short-term borrowings secured by accounts receivables
—

 
—

 
60

 
—

 
60

Intercompany dividends and net increase (decrease) in intercompany obligations
(76
)
 
(5
)
 
81

 
—

 
—

Capital contribution from noncontrolling interest partners
—

 
1

 
—

 
—

 
1

Distributions to noncontrolling interest partners
—

 
(18
)
 
—

 
—

 
(18
)
Net cash provided (used) by financing activities
(76
)
 
45

 
126

 
—

 
95

Effect of foreign exchange rate changes on cash and cash equivalents
—

 
2

 
—

 
—

 
2

Increase (decrease) in cash and cash equivalents
(1
)
 
(32
)
 
—

 
—

 
(33
)
Cash and cash equivalents, January 1
1

 
213

 
—

 
—

 
214

Cash and cash equivalents, June 30 (Note)
$
—

 
$
181

 
$
—

 
$
—

 
$
181



Note:
Cash and cash equivalents include highly liquid investments with a maturity of three months or less at the date of purchase.