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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities    
Net earnings (loss) $ 453 $ 275
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities    
Other charges (gains), net of amounts used (22) (9)
Depreciation, amortization and accretion 151 158
Pension and postretirement net periodic benefit cost (55) (10)
Pension and postretirement contributions (62) (33)
Deferred income taxes, net (9) (6)
(Gain) loss on disposition of businesses and assets, net 4 1
Refinancing expense 0 0
Other, net (5) 0
Operating cash provided by (used in) discontinued operations (1) (5)
Changes in operating assets and liabilities    
Trade receivables - third party and affiliates, net (175) (104)
Inventories (15) (29)
Other assets 25 (55)
Trade payables - third party and affiliates 55 72
Other liabilities 73 121
Net cash provided by (used in) operating activities 417 376
Investing Activities    
Capital expenditures on property, plant and equipment (130) (128)
Acquisitions, net of cash acquired 0 0
Proceeds from sale of businesses and assets, net 0 12
Capital expenditures related to Kelsterbach plant relocation 0 (6)
Capital expenditures related to Fairway Methanol LLC (143) (21)
Other, net (10) (34)
Net cash provided by (used in) investing activities (283) (177)
Financing Activities    
Short-term borrowings (repayments), net 1 (11)
Proceeds from short-term debt 25 27
Repayments of short-term debt (43) (24)
Proceeds from long-term debt 0 50
Repayments of long-term debt (13) (62)
Refinancing costs 0 0
Purchases of treasury stock, including related fees (103) (6)
Stock option exercises 3 3
Series A common stock dividends (67) (26)
Contributions from noncontrolling interests 148 0
Other, net (1) 0
Net cash provided by (used in) financing activities (50) (49)
Exchange rate effects on cash and cash equivalents (4) (2)
Net increase (decrease) in cash and cash equivalents 80 148
Cash and cash equivalents as of beginning of period 984 959
Cash and cash equivalents as of end of period $ 1,064 $ 1,107