XML 38 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows used in operating activities    
Net income $ 12 $ 126
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 77 86
Deferred tax benefit (12) (12)
Non-cash asset impairments and accelerated depreciation 30 18
Other non-cash adjustments 18 (5)
Net change in assets and liabilities:    
Accounts receivable (141) (218)
Inventories (88) (83)
Accounts and drafts payable 113 138
Income taxes payable (8) 2
Other assets, current and non-current 25 (22)
Other liabilities, current and long-term (37) (73)
Net cash used in operating activities (11) (43)
Cash flows (used in) provided by investing activities    
Capital expenditures (58) (71)
Proceeds from matured debt securities, net 2 0
Change in restricted cash 0 2
Funds remitted to unconsolidated affiliates (3) (1)
Proceeds from sale of business, net of cash transferred 0 173
Proceeds from sale of assets 9 0
Net cash (used in) provided by investing activities (50) 103
Cash flows used in financing activities    
Net short-term debt repayments (15) (8)
Borrowings of long-term debt 451 409
Repayments of long-term debt (473) (451)
Capital contribution from parent 16 0
Long-term debt and credit facility financing fees (13) (1)
Distribution paid to parent (2) 0
Net cash used in financing activities (36) (51)
Effect of exchange rates on cash and cash equivalents 2 3
(Decrease) increase in cash and cash equivalents (95) 12
Cash and cash equivalents (unrestricted) at beginning of period 428 180
Cash and cash equivalents (unrestricted) at end of period 333 192
Supplemental disclosures of cash flow information    
Interest, net 122 135
Income taxes, net of cash refunds $ 18 $ 12