XML 36 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows provided by (used in) operating activities    
Net income $ (27) $ (4)
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 35 38
Deferred tax benefit (1) (41)
Noncash add to Net Income from Loss on extinguishment of Long Term Debt 0 6
Unrealized foreign currency losses 4 (28)
Net change in assets and liabilities:    
Accounts receivable (125) (96)
Inventories (87) (67)
Accounts and drafts payable 86 94
Income taxes payable 1 4
Other assets, current and non-current 9 12
Other liabilities, current and long-term 3 49
Net cash provided by (used in) operating activities (102) (33)
Cash flows (used in) provided by investing activities    
Capital expenditures (34) (27)
Proceeds from the sale of (purchases of) debt securities, net 3 (1)
Payments to Acquire Businesses, Net of Cash Acquired (52) 0
Change in restricted cash 0 15
Funds remitted to unconsolidated affiliates 0 (14)
Net cash (used in) provided by investing activities (83) (27)
Cash flows used in financing activities    
Net short-term debt (repayments) borrowings 8 1
Borrowings of long-term debt 0 1,125
Repayments of long-term debt (3) (1,034)
Long-term debt and credit facility financing fees 0 (34)
Distribution paid to parent 0 0
Net cash used in financing activities 5 58
Effect of exchange rates on cash and cash equivalents (2) (2)
Decrease in cash and cash equivalents (182) (4)
Cash and cash equivalents (unrestricted) at beginning of period 379 401
Cash and cash equivalents (unrestricted) at end of period 197 397
Supplemental disclosures of cash flow information    
Interest, net 66 44
Income taxes, net of cash refunds 13 0
Non-cash financing activity:    
Non-cash issuance of debt in exchange for loans of parent (See Note 6) 0 200
Non-cash distribution declared to parent 0 208
Notes Receivable From Parent [Member]
   
Non-cash financing activity:    
Settlement of note receivable from parent (See Note 3) $ 0 $ 24