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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities:        
Net income $ 170 $ 161 $ 212 $ 194
Loss from discontinued operations, net of tax 0 38 6 73
Income from continuing operations 170 199 218 267
Adjustments required to reconcile net income to cash flows from operating activities:        
Depreciation and amortization 135 144 268 286
Provision for receivables 10 11 23 24
Provision for inventory 7 6 12 15
Net (gain) loss on sales of businesses and assets (1) 3 (1) (17)
Undistributed equity in net income of unconsolidated affiliates 10 5 (30) (29)
Stock-based compensation 12 7 25 17
Restructuring and asset impairment charges 33 43 143 141
Payments for restructurings (67) (24) (127) (45)
Defined benefit pension cost 37 33 99 76
Contributions to defined benefit pension plans (23) (34) (46) (68)
Increase in accounts receivable and billed portion of finance receivables (63) (111) (140) (160)
Collections of deferred proceeds from sales of receivables 51 74 99 133
(Increase) decrease in inventories (30) 7 (88) (92)
Increase in equipment on operating leases (50) (68) (102) (130)
Decrease in finance receivables 69 21 134 85
Collections on beneficial interest from sales of finance receivables 5 7 11 15
Decrease (increase) in other current and long-term assets 14 46 (43) 9
Decrease in accounts payable and accrued compensation (21) (90) 0 (166)
(Decrease) increase in other current and long-term liabilities 0 (50) 3 (114)
Net change in income tax assets and liabilities 5 10 (36) (22)
Net change in derivative assets and liabilities 44 (66) 99 (49)
Other operating, net (4) 86 12 170
Net cash provided by operating activities of continuing operations 343 259 533 346
Net cash used in operating activities of discontinued operations (15) (82) (95) (194)
Net cash provided by operating activities 328 177 438 152
Cash Flows from Investing Activities:        
Cost of additions to land, buildings and equipment (13) (27) (30) (46)
Proceeds from sales of land, buildings and equipment 0 1 1 20
Cost of additions to internal use software (8) (11) (17) (24)
Acquisitions, net of cash acquired (65) 0 (76) (18)
Other investing, net 9 3 10 4
Net cash used in investing activities of continuing operations (77) (34) (112) (64)
Net cash used in investing activities of discontinued operations 0 (33) 0 (128)
Net cash used in investing activities (77) (67) (112) (192)
Cash Flows from Financing Activities:        
Net proceeds on short-term debt 0 249 1 998
Proceeds from issuance of long-term debt 2 5 5 9
Payments on long-term debt (2) (257) (1,330) (965)
Common stock dividends (64) (78) (145) (149)
Preferred stock dividends (4) (6) (10) (12)
Proceeds from issuances of common stock 0 2 0 3
Repurchases related to stock-based compensation (1) 0 (8) 0
Distributions to noncontrolling interests (11) (1) (12) (12)
Proceeds from Conduent 0 0 161 0
Other financing 0 (1) 0 (1)
Net cash used in financing activities (80) (87) (1,338) (129)
Effect of exchange rate changes on cash and cash equivalents 30 (8) 35 4
Increase in cash of discontinued operations 0 (18) 0 (20)
Increase (decrease) in cash and cash equivalents 201 (3) (977) (185)
Cash and cash equivalents at beginning of period 1,045 1,046 2,223 1,228
Cash and Cash Equivalents at End of Period $ 1,246 $ 1,043 $ 1,246 $ 1,043