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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating activities    
Net earnings (loss) $ 510 $ 512
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities    
Other charges (gains), net of amounts used (13) (8)
Depreciation, amortization and accretion 236 231
Deferred income taxes, net (96) 7
(Gain) loss on disposition of businesses and assets, net 2 0
Refinancing expense 0 3
Other, net 85 49
Operating cash provided by (used in) discontinued operations 0 (9)
Changes in operating assets and liabilities    
Trade receivables - third party and affiliates, net (62) (175)
Inventories 1 (167)
Other assets 15 3
Trade payables - third party and affiliates 58 77
Other liabilities (75) (42)
Net cash provided by (used in) operating activities 661 481
Investing activities    
Capital expenditures on property, plant and equipment (270) (241)
Acquisitions, net of cash acquired (23) (8)
Proceeds from sale of businesses and assets, net 1 6
Deferred proceeds from Kelsterbach plant relocation 0 158
Capital expenditures related to Kelsterbach plant relocation (43) (174)
Other, net (62) (37)
Net cash provided by (used in) investing activities (397) (296)
Financing activities    
Short-term borrowings (repayments), net (7) (20)
Proceeds from long-term debt 0 411
Repayments of long-term debt (32) (562)
Refinancing costs 0 (8)
Purchases of treasury stock, including related fees (37) (28)
Stock option exercises 58 19
Series A common stock dividends (31) (25)
Preferred stock dividends 0 0
Other, net 28 (11)
Net cash provided by (used in) financing activities (21) (224)
Exchange rate effects on cash and cash equivalents 3 3
Net increase (decrease) in cash and cash equivalents 246 (36)
Cash and cash equivalents as of beginning of period 682 740
Cash and cash equivalents as of end of period $ 928 $ 704