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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities      
Net income $ 428 $ 583 $ 461
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 247 247 237
Restructuring and other 48 44 66
Pension expense 16 28 48
Pension contributions (294) (103) (79)
Stock-based compensation 23 20 27
Deferred income taxes 247 16 25
Changes in assets and liabilities:      
Receivables (132) 29 34
Inventories (65) (85) 60
Accounts payable and accrued liabilities 253 163 59
Other, net (11) (12) 18
Net cash provided by operating activities 760 930 956
Cash flows from investing activities      
Capital expenditures (498) (473) (354)
Acquisition of businesses, net of cash acquired 0 0 (1,207)
Proceeds from sale of businesses, net of cash sold 0 0 33
Proceeds from sale of property, plant and equipment 8 10 7
Net investment hedge settlements 0 0 (11)
Other (19) 21 (16)
Net cash used for investing activities (509) (442) (1,548)
Cash flows from financing activities      
Proceeds from long-term debt 1,054 1,380 1,435
Payments of long-term debt (1,137) (1,914) (900)
Net change in revolving credit facility and short-term debt 95 (32) (7)
Debt issuance costs (16) (18) (18)
Common stock issued 9 10 6
Common stock repurchased (339) (8) (9)
Dividends paid to noncontrolling interests (93) (80) (48)
Contribution from noncontrolling interests 0 4 5
Foreign exchange derivatives related to debt 27 42 (58)
Net cash (used for) / provided by financing activities (400) (616) 406
Effect of exchange rate changes on cash and cash equivalents 14 (30) (62)
Net change in cash and cash equivalents (135) (158) (248)
Cash and cash equivalents at beginning of period 559 717 965
Cash and cash equivalents at end of period $ 424 $ 559 $ 717