XML 78 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating activities    
Net earnings (loss) $ 195 $ 142
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities    
Other charges (gains), net of amounts used (16) (4)
Depreciation, amortization and accretion 76 80
Pension and postretirement benefit expense (26) (5)
Pension and postretirement contributions (48) (19)
Deferred income taxes, net (7) (8)
(Gain) loss on disposition of businesses and assets, net 1 1
Refinancing expense 0 0
Other, net 35 2
Operating cash provided by (used in) discontinued operations 0 1
Changes in operating assets and liabilities    
Trade receivables - third party and affiliates, net (123) (100)
Inventories (15) (55)
Other assets 4 (7)
Trade payables - third party and affiliates 23 36
Other liabilities 65 83
Net cash provided by (used in) operating activities 164 147
Investing Activities    
Capital expenditures on property, plant and equipment (78) (66)
Acquisitions, net of cash acquired 0 0
Proceeds from sale of businesses and assets, net 0 0
Capital expenditures related to Kelsterbach plant relocation 0 (3)
Capital expenditures related to Fairway Methanol LLC (70) (8)
Other, net (3) (10)
Net cash provided by (used in) investing activities (151) (87)
Financing Activities    
Short-term borrowings (repayments), net (3) (19)
Proceeds from short-term debt 25 24
Repayments of short-term debt (40) (24)
Proceeds from long-term debt 0 50
Repayments of long-term debt (6) (55)
Refinancing costs 0 0
Purchases of treasury stock, including related fees (53) 0
Stock option exercises 0 1
Series A common stock dividends (28) (12)
Contributions from noncontrolling interests 109 0
Other, net 0 0
Net cash provided by (used in) financing activities 4 (35)
Exchange rate effects on cash and cash equivalents (3) (6)
Net increase (decrease) in cash and cash equivalents 14 19
Cash and cash equivalents as of beginning of period 984 959
Cash and cash equivalents as of end of period $ 998 $ 978