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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash provided by operating activities      
Net income $ 532 $ 496 $ 412
Non-cash charges to net income:      
Depreciation and amortization 209 196 194
Mechanical stores expense 57 57 57
Deferred income taxes 67 (5) (6)
Write-off of impaired assets     10
Gain on sale of plant     (10)
Charge for fair value markup of acquired inventory 9   10
Other 39 44 39
Changes in working capital:      
Accounts receivable and prepaid expenses (44) (131) (29)
Inventories (34) (19) 9
Accounts payable and accrued liabilities (49) 127 30
Margin accounts 6 15 (34)
Other (23) (9) 4
Cash provided by operating activities 769 771 686
Cash used for investing activities      
Payments for acquisitions, net of cash acquired of $-, $4, and $16, respectively (17) (407) (434)
Capital expenditures and mechanical stores purchases (314) (284) (280)
Investment in non-consolidated affiliate   (2)  
Short-term investments (3) 1 27
Proceeds from disposal of plants and properties 8 3 38
Cash used for investing activities (326) (689) (649)
Cash used for financing activities      
Proceeds from borrowings 1,144 1,000 1,388
Payments on debt (1,240) (874) (1,366)
Debt issuance costs   (6)  
Repurchase of common stock (123) (8) (41)
Issuances of common stock for share-based compensation, net of settlements 9 29 21
Dividends paid (including to non-controlling interests) (165) (141) (126)
Excess tax benefit on share-based compensation     8
Cash used for financing activities (375)   (116)
Effects of foreign exchange rate changes on cash 15 (4) (67)
Increase (decrease) in cash and cash equivalents 83 78 (146)
Cash and cash equivalents, beginning of period 512 434 580
Cash and cash equivalents, end of period $ 595 $ 512 $ 434