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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities      
Net income $ 461 $ 475 $ 428
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 237 190 134
Restructuring and other 66 129 34
Provision for bad debts 4 0 41
Pension expense 48 56 75
Pension contributions (79) (81) (84)
Stock-based compensation 27 22 21
Deferred income taxes 25 (83) 50
Changes in assets and liabilities:      
Receivables 34 45 (51)
Inventories 60 (62) (45)
Accounts payable and accrued liabilities 59 219 246
Other, net 14 2 36
Net cash provided by operating activities 956 912 885
Cash flows from investing activities      
Capital expenditures (354) (328) (275)
Acquisition of businesses, net of cash acquired (1,207) (733) (16)
Proceeds from sale of businesses, net of cash sold 33 22 10
Proceeds from sale of property, plant and equipment 7 16 29
Net investment hedge settlements (11) 0 0
Other (16) 2 6
Net cash used for investing activities (1,548) (1,021) (246)
Cash flows from financing activities      
Proceeds from long-term debt 1,435 2,742 1,083
Payments of long-term debt (900) (1,752) (1,022)
Net change in revolving credit facility and short-term debt (7) (319) 18
Debt issuance costs (18) (41) (32)
Common stock issued 6 14 21
Common stock repurchased (9) (2) (300)
Dividends paid to noncontrolling interests (48) (77) (78)
Purchase of noncontrolling interests 0 (93) (16)
Contribution from noncontrolling interests 5 0 0
Foreign exchange derivatives related to debt (58) (27) 20
Net cash provided by/(used for) financing activities 406 445 (306)
Effect of exchange rate changes on cash and cash equivalents (62) (60) 6
Net change in cash and cash equivalents (248) 276 339
Cash and cash equivalents at beginning of period 965 689 350
Cash and cash equivalents at end of period $ 717 $ 965 $ 689