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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows provided by (used in) operating activities    
Net (loss) income $ (76) $ 106
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 56 71
Accelerated depreciation 0 106
Deferred tax benefit (2) 3
Gain (Loss) on Disposition of Business 0 (240)
Gain (Loss) on Disposition of Assets (2) 0
Amortization of Debt Issuance Costs 8 0
Loss (gain) on extinguishment of debt 3 (44)
Unrealized foreign currency losses (gains) 4 (45)
Other non-cash adjustments (2) (4)
Net change in assets and liabilities:    
Accounts receivable (96) (119)
Inventories (50) (21)
Accounts and drafts payable 13 2
Income taxes payable 1 (8)
Other assets, current and non-current 2 (25)
Other liabilities, current and long-term (54) 52
Net cash provided by (used in) operating activities (195) (150)
Cash flows provided by (used in) investing activities    
Net cash (used in) provided by investing activities (52) 210
Capital expenditures (57) (61)
Capitalized interest 0 (1)
Proceeds from dispositions, net 0 281
Proceeds from sale of assets 4 1
Change in restricted cash 1 (10)
Cash flows provided by (used in) financing activities    
Net short-term debt (repayments) borrowings 8 (12)
Borrowings of long-term debt 1,119 335
Repayments of long-term debt (928) (439)
Long-term debt and credit facility financing fees (24) 0
Net cash provided by financing activities (175) 116
Effect of exchange rates on cash and cash equivalents 3 0
Change in cash and cash equivalents (69) (56)
Cash and cash equivalents (unrestricted) at beginning of period 179 228
Cash and cash equivalents (unrestricted) at end of period 110 172
Supplemental disclosures of cash flow information    
Interest, net 147 159
Income taxes, net of cash refunds 9 16
Acceptance of buyer’s note (see Note 12) $ 0 $ 75