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Consolidated Statements of Cash Flows (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities    
Net earnings (loss) $ 345 $ 174
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities    
Other charges (gains), net of amounts used (11) 35
Depreciation, amortization and accretion 151 159
Deferred income taxes, net (2) (10)
(Gain) loss on disposition of businesses and assets, net 0 (15)
Refinancing expense 3 0
Value-added tax on deferred proceeds from Ticona Kelsterbach plant relocation 18 0
Other, net 42 30
Operating cash provided by (used in) discontinued operations 2 2
Changes in operating assets and liabilities    
Trade receivables - third party and affiliates, net (195) (150)
Inventories (145) (32)
Other assets (11) 24
Trade payables - third party and affiliates 102 28
Other liabilities 17 (26)
Net cash provided by (used in) operating activities 316 219
Investing activities    
Capital expenditures on property, plant and equipment (151) (78)
Acquisitions, net of cash acquired (8) (46)
Proceeds from sale of businesses and assets, net 5 20
Deferred proceeds from Ticona Kelsterbach plant relocation 158 0
Capital expenditures related to Ticona Kelsterbach plant relocation (114) (151)
Other, net (23) (20)
Net cash provided by (used in) investing activities (133) (275)
Financing activities    
Short-term borrowings (repayments), net (34) (9)
Proceeds from long-term debt 411 0
Repayments of long-term debt (553) (38)
Refinancing costs (8) 0
Purchases of treasury stock, including related fees (13) (20)
Stock option exercises 17 4
Series A common stock dividends (16) (12)
Preferred stock dividends 0 (3)
Other, net (2) 0
Net cash provided by (used in) financing activities (198) (78)
Exchange rate effects on cash and cash equivalents 16 (39)
Net increase (decrease) in cash and cash equivalents 1 (173)
Cash and cash equivalents at beginning of period 740 1,254
Cash and cash equivalents at end of period $ 741 $ 1,081