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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Statement of Cash Flows [Abstract]      
Net earnings (loss) $ 858 $ 1,213 $ 849
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities      
Asset impairments 83 0 0
Depreciation, amortization and accretion 356 349 310
Pension and postretirement net periodic benefit cost (58) (92) (80)
Pension and postretirement contributions (47) (47) (363)
Actuarial (gain) loss on pension and postretirement plans 87 165 46
Pension curtailments and settlements, net 0 (1) 0
Deferred income taxes, net (31) 137 (152)
(Gain) loss on disposition of businesses and assets, net 3 7 5
Stock-based compensation 48 71 47
Undistributed earnings in unconsolidated affiliates (14) (12) (52)
Other, net 18 26 12
Operating cash provided by (used in) discontinued operations 0 (10) 8
Changes in operating assets and liabilities      
Trade receivables - third party and affiliates, net 165 (48) (110)
Inventories 6 (158) (97)
Other assets (9) (113) (7)
Trade payables - third party and affiliates (59) 15 126
Other liabilities 48 56 261
Net cash provided by (used in) operating activities 1,454 1,558 803
Investing Activities      
Capital expenditures on property, plant and equipment (370) (337) (267)
Acquisitions, net of cash acquired (91) (144) (269)
Proceeds from sale of businesses and assets, net 1 13 1
Purchases of marketable securities (16) 0 0
Other, net (17) (39) (14)
Net cash provided by (used in) investing activities (493) (507) (549)
Financing Activities      
Net change in short-term borrowings with maturities of 3 months or less 247 (38) 111
Proceeds from short-term borrowings 117 51 182
Repayments of short-term borrowings (91) (78) (124)
Proceeds from long-term debt 499 561 351
Repayments of long-term debt (360) (536) (77)
Purchases of treasury stock, including related fees (996) (805) (500)
Stock option exercises (1) 0 1
Common stock dividends (300) (280) (241)
(Distributions to) contributions from noncontrolling interests (10) (23) (27)
Other, net (40) (17) (27)
Net cash provided by (used in) financing activities (935) (1,165) (351)
Exchange rate effects on cash and cash equivalents (2) (23) 35
Net increase (decrease) in cash and cash equivalents 24 (137) (62)
Cash and cash equivalents as of beginning of period 439 576 638
Cash and cash equivalents as of end of period $ 463 $ 439 $ 576