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Unaudited Interim Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities    
Net earnings (loss) $ 745 $ 586
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities    
Asset impairments 1 1
Depreciation, amortization and accretion 223 257
Pension and postretirement net periodic benefit cost (40) (37)
Pension and postretirement contributions (38) (53)
Deferred income taxes, net 39 4
(Gain) loss on disposition of businesses and assets, net 1 7
Stock-based compensation 23 32
Undistributed earnings in unconsolidated affiliates 2 (16)
Other, net 11 6
Operating cash provided by (used in) discontinued operations 0 3
Changes in operating assets and liabilities    
Trade receivables - third party and affiliates, net (82) (16)
Inventories 36 20
Other assets 53 13
Trade payables - third party and affiliates 16 (98)
Other liabilities (50) 17
Net cash provided by (used in) operating activities 940 726
Investing Activities    
Capital expenditures on property, plant and equipment (186) (168)
Acquisitions, net of cash acquired 0 (3)
Proceeds from sale of businesses and assets, net 8 0
Capital expenditures related to Fairway Methanol LLC 0 (263)
Other, net (14) (27)
Net cash provided by (used in) investing activities (192) (461)
Financing Activities    
Net change in short-term borrowings with maturities of 3 months or less (347) 346
Proceeds from short-term borrowings 39 40
Repayments of short-term borrowings (76) (60)
Proceeds from long-term debt 1,509 0
Repayments of long-term debt (1,095) (18)
Purchases of treasury stock, including related fees (300) (420)
Stock option exercises 3 2
Series A common stock dividends (150) (131)
(Distributions to) contributions from noncontrolling interests (15) 187
Other, net (35) (10)
Net cash provided by (used in) financing activities (467) (64)
Exchange rate effects on cash and cash equivalents 4 (29)
Net increase (decrease) in cash and cash equivalents 285 172
Cash and cash equivalents as of beginning of period 967 780
Cash and cash equivalents as of end of period $ 1,252 $ 952