XML 21 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Provided From (Used By) Operating Activities    
Net (loss) income $ 36 $ (10)
Adjustments to reconcile net income to net cash provided from (used by) operating activities:    
Depreciation and amortization 87 83
Payments against restructuring liabilities (11) (16)
Equity earnings of nonconsolidated affiliates (14) (12)
Cash dividends received from nonconsolidated affiliates 6 0
Change in pensions and postemployment benefits (12) (9)
Restructuring charges and asset impairments 18 12
Deferred tax benefit (1) (1)
Loss on sale of equity method investment 0 11
Gain from sales of property, plant and equipment (9) (4)
Unrealized foreign currency transaction losses 1 0
Changes in operating assets and liabilities:    
Accounts receivable (70) (129)
Inventories 11 (101)
Accounts payable 34 108
Other assets and liabilities 27 (31)
Net Cash Provided From (Used by) Operating Activities 103 (99)
Cash Provided From (Used By) Investing Activities    
Expenditures for property, plant and equipment (94) (108)
Payments to acquire businesses, net of cash acquired 0 (305)
Net proceeds from sale of equity method investment 0 15
Net proceeds from sales of property, plant and equipment 2 8
Transfer of cash balances upon disposition of held for sale operations (12) 0
Capital investment in nonconsolidated affiliates (1) 0
Net Cash Provided From (Used By) Investing Activities (105) (390)
Cash Provided From (Used By) Financing Activities    
Proceeds from term loans, net of original issue discount 15 0
Proceeds from equity rights offering net of related fees 0 250
Proceeds from borrowings on revolving line of credit 145 339
Payments on revolving line of credit (93) (124)
Principal payments on term loans (11) (7)
Decrease in other long-term debt 0 (2)
Increase in short-term debt 4 8
Net remittances on servicing of factoring arrangements (1) 0
Net Cash Provided From (Used By) Financing Activities 59 464
Effect of foreign currency exchange rate fluctuations on cash (11) 16
Cash and equivalents at beginning of period 194 332
Cash and cash equivalents of held for sale operations at January 1 12 0
Cash and equivalents at beginning of period 46 (9)
Cash and equivalents at end of period 252 323
Non-cash financing and investing activities:    
Change in accrued property and equipment additions $ (9) $ (14)