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Unaudited Interim Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities    
Net earnings (loss) $ 365 $ 184
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities    
Depreciation, amortization and accretion 80 72
Pension and postretirement net periodic benefit cost (24) (20)
Pension and postretirement contributions (12) (11)
Deferred income taxes, net (4) 14
(Gain) loss on disposition of businesses and assets, net 1 1
Stock-based compensation 22 10
Undistributed earnings in unconsolidated affiliates 19 3
Other, net 5 2
Operating cash provided by (used in) discontinued operations 0 (1)
Changes in operating assets and liabilities    
Trade receivables - third party and affiliates, net (190) (79)
Inventories (27) 9
Other assets (29) 21
Trade payables - third party and affiliates 0 6
Other liabilities (63) (19)
Net cash provided by (used in) operating activities 143 192
Investing Activities    
Capital expenditures on property, plant and equipment (86) (62)
Acquisitions, net of cash acquired (144) 0
Proceeds from sale of businesses and assets, net 9 1
Other, net (14) (3)
Net cash provided by (used in) investing activities (235) (64)
Financing Activities    
Net change in short-term borrowings with maturities of 3 months or less 101 6
Proceeds from short-term borrowings 36 7
Repayments of short-term borrowings (38) (29)
Proceeds from long-term debt 0 0
Repayments of long-term debt (31) (53)
Purchases of treasury stock, including related fees 0 (128)
Series A common stock dividends (63) (51)
(Distributions to) contributions from noncontrolling interests (2) (4)
Other, net (5) (18)
Net cash provided by (used in) financing activities (2) (270)
Exchange rate effects on cash and cash equivalents 8 5
Net increase (decrease) in cash and cash equivalents (86) (137)
Cash and cash equivalents as of beginning of period 576 638
Cash and cash equivalents as of end of period $ 490 $ 501