XML 20 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Unaudited Interim Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net earnings (loss) $ 482 $ 435
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities    
Asset impairments 1 0
Depreciation, amortization and accretion 149 175
Pension and postretirement net periodic benefit cost (26) (24)
Pension and postretirement contributions (26) (41)
Deferred income taxes, net (1) 10
(Gain) loss on disposition of businesses and assets, net (1) 6
Stock-based compensation 16 25
Undistributed earnings in unconsolidated affiliates 37 29
Other, net 9 6
Operating cash provided by (used in) discontinued operations (4) 4
Changes in operating assets and liabilities    
Trade receivables - third party and affiliates, net (84) (92)
Inventories 51 (1)
Other assets 38 36
Trade payables - third party and affiliates (23) 21
Other liabilities 18 (36)
Net cash provided by (used in) operating activities 636 553
Investing Activities    
Capital expenditures on property, plant and equipment (128) (117)
Acquisitions, net of cash acquired 0 (3)
Proceeds from sale of businesses and assets, net 2 0
Capital expenditures related to Fairway Methanol LLC 0 (210)
Other, net (12) (24)
Net cash provided by (used in) investing activities (138) (354)
Financing Activities    
Net change in short-term borrowings with maturities of 3 months or less (353) (2)
Proceeds from short-term borrowings 22 26
Repayments of short-term borrowings (63) (39)
Proceeds from long-term debt 170 0
Repayments of long-term debt (183) (12)
Purchases of treasury stock, including related fees (200) 0
Stock option exercises 3 2
Series A common stock dividends (98) (84)
(Distributions to) contributions from noncontrolling interests (6) 155
Other, net (24) (11)
Net cash provided by (used in) financing activities (732) 35
Exchange rate effects on cash and cash equivalents 2 (26)
Net increase (decrease) in cash and cash equivalents (232) 208
Cash and cash equivalents as of beginning of period 967 780
Cash and cash equivalents as of end of period $ 735 $ 988