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Unaudited Interim Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities    
Net earnings (loss) $ 813 $ 1,112
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities    
Asset impairments 83 0
Depreciation, amortization and accretion 265 258
Pension and postretirement net periodic benefit cost (44) (69)
Pension and postretirement contributions (35) (35)
Deferred income taxes, net (21) 43
(Gain) loss on disposition of businesses and assets, net 2 5
Stock-based compensation 38 53
Undistributed earnings in unconsolidated affiliates (8) (19)
Other, net 15 18
Operating cash provided by (used in) discontinued operations 5 4
Changes in operating assets and liabilities    
Trade receivables - third party and affiliates, net 55 (114)
Inventories 34 (142)
Other assets (36) (60)
Trade payables - third party and affiliates (44) 44
Other liabilities 6 97
Net cash provided by (used in) operating activities 1,128 1,195
Investing Activities    
Capital expenditures on property, plant and equipment (226) (244)
Acquisitions, net of cash acquired (91) (144)
Proceeds from sale of businesses and assets, net 1 13
Other, net (9) (34)
Net cash provided by (used in) investing activities (325) (409)
Financing Activities    
Net change in short-term borrowings with maturities of 3 months or less 127 (86)
Proceeds from short-term borrowings 110 44
Repayments of short-term borrowings (85) (62)
Proceeds from long-term debt (499) 0
Repayments of long-term debt (354) (56)
Purchases of treasury stock, including related fees (763) (250)
Common stock dividends (225) (209)
(Distributions to) contributions from noncontrolling interests (7) (14)
Other, net (38) (6)
Net cash provided by (used in) financing activities (736) (639)
Exchange rate effects on cash and cash equivalents (9) (20)
Net increase (decrease) in cash and cash equivalents 58 127
Cash and cash equivalents as of beginning of period 439 576
Cash and cash equivalents as of end of period $ 497 $ 703