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Unaudited Interim Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net earnings (loss) $ 417 $ 482
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities    
Asset impairments 0 1
Depreciation, amortization and accretion 149 149
Pension and postretirement net periodic benefit cost (40) (26)
Pension and postretirement contributions (24) (26)
Deferred income taxes, net 4 (1)
(Gain) loss on disposition of businesses and assets, net 3 (1)
Stock-based compensation 19 16
Undistributed earnings in unconsolidated affiliates 25 37
Other, net 6 9
Operating cash provided by (used in) discontinued operations 6 (4)
Changes in operating assets and liabilities    
Trade receivables - third party and affiliates, net (133) (84)
Inventories 11 51
Other assets 1 38
Trade payables - third party and affiliates 33 (23)
Other liabilities 13 18
Net cash provided by (used in) operating activities 490 636
Investing Activities    
Capital expenditures on property, plant and equipment (116) (128)
Acquisitions, net of cash acquired (268) 0
Proceeds from sale of businesses and assets, net 1 2
Other, net (6) (12)
Net cash provided by (used in) investing activities (389) (138)
Financing Activities    
Net change in short-term borrowings with maturities of 3 months or less 202 (353)
Proceeds from short-term borrowings 104 22
Repayments of short-term borrowings (55) (63)
Proceeds from long-term debt 0 170
Repayments of long-term debt (58) (183)
Purchases of treasury stock, including related fees (300) (200)
Stock option exercises 1 3
Series A common stock dividends (116) (98)
(Distributions to) contributions from noncontrolling interests (8) (6)
Other, net (19) (24)
Net cash provided by (used in) financing activities (249) (732)
Exchange rate effects on cash and cash equivalents 21 2
Net increase (decrease) in cash and cash equivalents (127) (232)
Cash and cash equivalents as of beginning of period 638 967
Cash and cash equivalents as of end of period $ 511 $ 735