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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities    
Net earnings (loss) $ 435 $ 453
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities    
Asset impairments 0 0
Depreciation, amortization and accretion 175 151
Pension and postretirement net periodic benefit cost (24) (55)
Pension and postretirement contributions (41) (62)
Deferred income taxes, net 10 (9)
(Gain) loss on disposition of businesses and assets, net 6 4
Stock-based compensation 25 17
Undistributed earnings in unconsolidated affiliates 29 (28)
Other, net 6 6
Operating cash provided by (used in) discontinued operations 4 (1)
Changes in operating assets and liabilities    
Trade receivables - third party and affiliates, net (92) (185)
Inventories (1) (15)
Other assets 36 25
Trade payables - third party and affiliates 21 73
Other liabilities (36) 43
Net cash provided by (used in) operating activities 553 417
Investing Activities    
Capital expenditures on property, plant and equipment (117) (130)
Acquisitions, net of cash acquired (3) 0
Proceeds from sale of businesses and assets, net 0 0
Capital expenditures related to Fairway Methanol LLC (210) (143)
Other, net (24) (10)
Net cash provided by (used in) investing activities (354) (283)
Financing Activities    
Net change in short-term borrowings with maturities of 3 months or less (2) 1
Proceeds from short-term borrowings 26 25
Repayments of short-term borrowings (39) (43)
Proceeds from long-term debt 0 0
Repayments of long-term debt (12) (13)
Purchases of treasury stock, including related fees 0 (103)
Stock option exercises 2 3
Series A common stock dividends (84) (67)
Contributions from noncontrolling interests 155 148
Other, net (11) (1)
Net cash provided by (used in) financing activities 35 (50)
Exchange rate effects on cash and cash equivalents (26) (4)
Net increase (decrease) in cash and cash equivalents 208 80
Cash and cash equivalents as of beginning of period 780 984
Cash and cash equivalents as of end of period $ 988 $ 1,064