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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities      
Net earnings (loss) $ 906 $ 285 $ 620
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities      
Asset impairments 2 126 0
Depreciation, amortization and accretion 295 363 298
Pension and postretirement net periodic benefit cost (54) (52) (113)
Pension and postretirement contributions (350) (63) (223)
Actuarial (gain) loss on pension and postretirement plans 103 127 350
Pension curtailments and settlements, net 0 (3) (78)
Deferred income taxes, net 83 42 124
(Gain) loss on disposition of businesses and assets, net 2 8 8
Stock-based compensation 31 40 46
Undistributed earnings in unconsolidated affiliates (24) (5) (98)
Other, net 15 7 24
Operating cash provided by (used in) discontinued operations 2 (2) (5)
Changes in operating assets and liabilities      
Trade receivables - third party and affiliates, net (59) 61 23
Inventories 8 62 (15)
Other assets 39 (17) 20
Trade payables - third party and affiliates 7 (111) (13)
Other liabilities (113) (6) (6)
Net cash provided by (used in) operating activities 893 862 962
Investing Activities      
Capital expenditures on property, plant and equipment (246) (232) (254)
Acquisitions, net of cash acquired (178) (6) (10)
Proceeds from sale of businesses and assets, net 12 4 0
Capital expenditures related to Fairway Methanol LLC 0 (288) (424)
Other, net (27) (36) (17)
Net cash provided by (used in) investing activities (439) (558) (705)
Financing Activities      
Net change in short-term borrowings with maturities of 3 months or less (352) 350 (9)
Proceeds from short-term borrowings 53 80 62
Repayments of short-term borrowings (90) (83) (91)
Proceeds from long-term debt 1,509 0 387
Repayments of long-term debt (1,127) (24) (626)
Purchases of treasury stock, including related fees (500) (420) (250)
Stock option exercises 6 3 5
Series A common stock dividends (201) (174) (144)
(Distributions to) contributions from noncontrolling interests (24) 214 264
Other, net (33) (12) (13)
Net cash provided by (used in) financing activities (759) (66) (415)
Exchange rate effects on cash and cash equivalents (24) (51) (46)
Net increase (decrease) in cash and cash equivalents (329) 187 (204)
Cash and cash equivalents as of beginning of period 967 780 984
Cash and cash equivalents as of end of period $ 638 $ 967 $ 780