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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities      
Net earnings (loss) $ 849 $ 906 $ 285
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities      
Asset impairments 0 2 126
Depreciation, amortization and accretion 310 295 363
Pension and postretirement net periodic benefit cost (80) (54) (52)
Pension and postretirement contributions (363) (350) (63)
Actuarial (gain) loss on pension and postretirement plans 46 103 127
Pension curtailments and settlements, net 0 0 (3)
Deferred income taxes, net (152) 83 42
(Gain) loss on disposition of businesses and assets, net 5 2 8
Stock-based compensation 47 31 40
Undistributed earnings in unconsolidated affiliates (52) (24) (5)
Other, net 12 15 7
Operating cash provided by (used in) discontinued operations 8 2 (2)
Changes in operating assets and liabilities      
Trade receivables - third party and affiliates, net (110) (59) 61
Inventories (97) 8 62
Other assets (7) 39 (17)
Trade payables - third party and affiliates 126 7 (111)
Other liabilities 261 (113) (6)
Net cash provided by (used in) operating activities 803 893 862
Investing Activities      
Capital expenditures on property, plant and equipment (267) (246) (232)
Acquisitions, net of cash acquired (269) (178) (6)
Proceeds from sale of businesses and assets, net 1 12 4
Capital expenditures related to Fairway Methanol LLC 0 0 (288)
Other, net (14) (27) (36)
Net cash provided by (used in) investing activities (549) (439) (558)
Financing Activities      
Net change in short-term borrowings with maturities of 3 months or less 111 (352) 350
Proceeds from short-term borrowings 182 53 80
Repayments of short-term borrowings (124) (90) (83)
Proceeds from long-term debt 351 1,509 0
Repayments of long-term debt (77) (1,127) (24)
Purchases of treasury stock, including related fees (500) (500) (420)
Stock option exercises 1 6 3
Series A common stock dividends (241) (201) (174)
(Distributions to) contributions from noncontrolling interests (27) (24) 214
Other, net (27) (33) (12)
Net cash provided by (used in) financing activities (351) (759) (66)
Exchange rate effects on cash and cash equivalents 35 (24) (51)
Net increase (decrease) in cash and cash equivalents (62) (329) 187
Cash and cash equivalents as of beginning of period 638 967 780
Cash and cash equivalents as of end of period $ 576 $ 638 $ 967