XML 20 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows (Condensed) (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net income $ 133 $ 99
Adjustments to reconcile net income to net cash used for operating activities:    
Depreciation and amortization 59 60
Restructuring and other (4) 2
Pension expense 5 7
Pension contributions (13) (25)
Stock-based compensation 4 6
Changes in assets and liabilities:    
Receivables (36) (93)
Inventories (151) (180)
Accounts payable and accrued liabilities (324) (265)
Other, net 7 (19)
Net cash used for operating activities (320) (408)
Cash flows from investing activities    
Capital expenditures (107) (51)
Proceeds from sale of property, plant and equipment 3 4
Other 0 (1)
Net cash used for investing activities (104) (48)
Cash flows from financing activities    
Proceeds from long-term debt 4 303
Payments of long-term debt (12) (709)
Net change in revolving credit facility and short-term debt 351 383
Debt issue costs 0 (2)
Common stock issued 7 1
Common stock repurchased (133) (4)
Dividends paid to noncontrolling interests (13) (8)
Foreign exchange derivatives related to debt (5) 32
Net cash provided by (used for) financing activities 199 (4)
Effect of exchange rate changes on cash and cash equivalents 4 0
Net change in cash and cash equivalents (221) (460)
Cash and cash equivalents at beginning of period 559 717
Cash and cash equivalents at end of period $ 338 $ 257