XML 51 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating Activities    
Net income $ 127 $ 464
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation expense 23 21
Gain on sale of discontinued operations   (303)
Currency exchange rate differences on financial transactions and other losses 81 34
Equity in net income of affiliates, net of dividends received (2) (1)
Depreciation and amortization 286 258
Changes in operating assets and liabilities, net of effect of businesses acquired and divested:    
Trade and other receivables, net (48) (65)
Prepaid expenses and other current assets (48) (32)
Accounts payable and other current liabilities and deferred revenues (168) (117)
Other non-current liabilities (4) (4)
Interest payable 8 8
Income taxes 44 7
Net cash provided by operating activities 299 270
Investing Activities    
Acquisition of subsidiaries and affiliates, net of cash acquired (192) (19)
Proceeds from sale of subsidiaries and affiliates, net   934
Additions to property, plant and equipment and other assets (54) (55)
Additions to intangible assets (117) (115)
Other investing activities (9)  
Net cash (used in)/provided by investing activities (372) 745
Financing Activities    
Net borrowings under revolving credit facility 25  
Proceeds from issuances of debt, net of issuance costs 3,748 1,890
Repayment of debt (3,748) (1,911)
Increase in other short-term borrowings   2
Capital contributions to parent (154) (90)
Activity under stock plans (3) (7)
Other financing activities (41) (10)
Net cash used in financing activities (173) (126)
Effect of exchange-rate changes on cash and cash equivalents (17) (22)
Net (decrease)/increase in cash and cash equivalents (263) 867
Cash and cash equivalents at beginning of period 552 287
Cash and cash equivalents at end of period 289 1,154
Supplemental Cash Flow Information    
Cash paid for income taxes (68) (66)
Cash paid for interest, net of amounts capitalized $ (147) $ (149)