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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Operating Activities        
Net Income $ 91 $ 74 $ 145 $ 135
Adjustments to reconcile net income to cash provided (used) by operating activities —        
Depreciation and amortization of other intangibles 52 50 103 100
Deferred income taxes (3) 21 (1) 16
Stock-based compensation 3 2 8 7
Loss on sale of assets 1 2 2 2
Changes in components of working capital —        
(Increase) decrease in receivables (69) (77) (303) (253)
(Increase) decrease in inventories (23) 22 (104) (18)
(Increase) decrease in prepayments and other current assets (14) (32) (52) (81)
Increase (decrease) in payables 73 72 160 149
Increase (decrease) in accrued taxes (5) (8) 0 (13)
Increase (decrease) in accrued interest (4) (4) 0 0
Increase (decrease) in other current liabilities 11 15 24 7
Changes in long-term assets 0 3 1 3
Changes in long-term liabilities 3 (10) (10) (20)
Other (2) 3 1 7
Net cash provided (used) by operating activities 114 133 (26) 41
Investing Activities        
Proceeds from the sale of assets 0 0 0 2
Cash payments for plant, property, and equipment (84) (54) (167) (124)
Cash payments for software related intangible assets (2) (6) (9) (12)
Changes in restricted cash 1 4 0 (5)
Net cash (used) by investing activities (85) (56) (176) (139)
Financing Activities        
Issuance (repurchase) of common shares 1 12 (1) 13
Tax benefit from stock-based compensation 5 0 17 0
Retirement of long-term debt (7) (3) (10) (8)
Issuance of long-term debt 45 0 45 0
Purchase of common stock under the share repurchase program 0 (2) 0 (2)
Increase (decrease) in bank overdrafts (5) 44 (1) 35
Net increase (decrease) in revolver borrowings and short-term debt excluding current maturities of long-term debt and short-term borrowings secured by accounts receivable (30) (84) 167 107
Net decrease in short-term borrowings secured by accounts receivable (30) 0 (10) 0
Capital contribution from noncontrolling interest partner 4 0 5 0
Distributions to noncontrolling interest partners (23) (23) (23) (23)
Net cash provided (used) by financing activities (40) (56) 189 122
Effect of foreign exchange rate changes on cash and cash equivalents 4 (19) (2) (12)
Increase (decrease) in cash and cash equivalents (7) 2 (15) 12
Cash and cash equivalents, April 1 and January 1, respectively 267 233 275 223
Cash and cash equivalents, June 30 (Note) 260 235 260 235
Supplemental Cash Flow Information        
Cash paid during the period for interest 24 23 38 39
Cash paid during the period for income taxes (net of refunds) 53 46 74 71
Non-cash Investing and Financing Activities        
Period end balance of trade payables for plant, property, and equipment $ 39 $ 24 $ 39 $ 24