XML 32 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities      
Net earnings (loss) $ 285 $ 620 $ 1,101
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities      
Asset impairments 126 0 81
Depreciation, amortization and accretion 363 298 319
Pension and postretirement net periodic benefit cost (52) (113) (35)
Pension and postretirement contributions (63) (223) (96)
Actuarial (gain) loss on pension and postretirement plans 127 350 (104)
Pension curtailments and settlements, net (3) (78) (52)
Deferred income taxes, net 42 124 344
(Gain) loss on disposition of businesses and assets, net 8 8 (737)
Stock-based compensation 40 46 24
Undistributed earnings in unconsolidated affiliates (5) (98) (39)
Other, net 7 24 13
Operating cash provided by (used in) discontinued operations (2) (5) (4)
Changes in operating assets and liabilities      
Trade receivables - third party and affiliates, net 61 23 (23)
Inventories 62 (15) (81)
Other assets (17) 20 (110)
Trade payables - third party and affiliates (111) (13) 109
Other liabilities (6) (6) 52
Net cash provided by (used in) operating activities 862 962 762
Investing Activities      
Capital expenditures on property, plant and equipment (232) (254) (277)
Acquisitions, net of cash acquired (6) (10) 0
Proceeds from sale of businesses and assets, net 4 0 13
Capital expenditures related to Kelsterbach plant relocation 0 0 (7)
Capital expenditures related to Fairway Methanol LLC (288) (424) (93)
Other, net (36) (17) (58)
Net cash provided by (used in) investing activities (558) (705) (422)
Financing Activities      
Net change in short-term borrowings with maturities of 3 months or less 350 (9) (11)
Proceeds from short-term borrowings 80 62 177
Repayments of short-term borrowings (83) (91) (123)
Proceeds from long-term debt 0 387 74
Repayments of long-term debt (24) (626) (198)
Purchases of treasury stock, including related fees (420) (250) (164)
Stock option exercises 3 5 9
Series A common stock dividends (174) (144) (83)
Contributions from noncontrolling interests 214 264 0
Other, net (12) (13) (7)
Net cash provided by (used in) financing activities (66) (415) (326)
Exchange rate effects on cash and cash equivalents (51) (46) 11
Net increase (decrease) in cash and cash equivalents 187 (204) 25
Cash and cash equivalents as of beginning of period 780 984 959
Cash and cash equivalents as of end of period $ 967 $ 780 $ 984