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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
OPERATING ACTIVITIES:    
Net income (loss) $ 887 $ (387)
Adjustments to reconcile to net cash provided (used) by operating activities:    
Depreciation and amortization 1,308 1,326
Provision (benefit) for deferred income taxes 99 (74)
Net (gain) loss on disposition of equity-method investments (269) 0
Impairment of equity-method investments 0 112
Gain on sale of Geismar Interest (Note 3) (1,095) 0
Impairment of and net (gain) loss on sale of assets and businesses 1,225 867
Amortization of stock-based awards 61 55
Cash provided (used) by changes in current assets and liabilities:    
Accounts and notes receivable 118 172
Inventories (23) (7)
Other current assets and deferred charges (11) (11)
Accounts payable 47 (6)
Accrued liabilities (161) 129
Other, including changes in noncurrent assets and liabilities (349) (79)
Net cash provided (used) by operating activities 1,837 2,097
FINANCING ACTIVITIES:    
Proceeds from (payments of) commercial paper – net (93) (499)
Proceeds from long-term debt 3,013 5,708
Payments of long-term debt (5,475) (4,966)
Proceeds from issuance of common stock 2,130 8
Dividends paid (744) (1,111)
Dividends and distributions paid to noncontrolling interests (636) (715)
Contributions from noncontrolling interests 15 27
Payments for debt issuance costs (14) (8)
Contribution to Gulfstream for repayment of debt 0 (148)
Other – net (87) (16)
Net cash provided (used) by financing activities (1,891) (1,720)
INVESTING ACTIVITIES:    
Capital expenditures (1) (1,700) (1,577)
Dispositions – net (27) 29
Proceeds from sale of businesses, net of cash divested 2,056 712
Proceeds from dispositions of equity-method investments 200 0
Purchases of and contributions to equity-method investments (103) (132)
Distributions from unconsolidated affiliates in excess of cumulative earnings 394 341
Other – net 236 227
Net cash provided (used) by investing activities 1,056 (400)
Increase (decrease) in cash and cash equivalents 1,002 (23)
Cash and cash equivalents at beginning of year 170 100
Cash and cash equivalents at end of period 1,172 77
(1) Increases to property, plant, and equipment (1,826) (1,468)
Changes in related accounts payable and accrued liabilities 126 (109)
Capital expenditures (1) $ (1,700) $ (1,577)