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Consolidated Statements Of Cash Flows
$ in Millions
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Cash flows from operating activities:      
Net income $ 1,326 $ 1,535 $ 1,440
Income from discontinued operations, net of tax 108 274 60
Income from continuing operations 1,218 1,261 1,380
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 570 447 446
Amortization 134 93 94
Amortization of deferred debt issuance costs 9 11 9
Restructuring expense, net of cash paid 73 44 (22)
Deferred income taxes (125) (21) (5)
Pension and other postretirement benefit expenses 62 75 88
Income from equity method investments, net of dividends received (18) 1 (20)
Loss on extinguishment of debt 73 58 34
(Gain) loss on sale of assets (151) 4 0
Share-based compensation 68 74 73
Changes in operating assets and liabilities:      
Accounts receivable, net (199) (207) 67
Inventories (53) (38) 21
Other assets 28 (10) 65
Accounts payable 31 194 (6)
Accrued and other long-term liabilities 415 (161) (44)
Other, net (99) (67) (25)
Pension contributions (95) (91) (110)
Net cash provided by operating activities from continuing operations 1,941 1,667 2,045
Net cash provided by operating activities from discontinued operations 0 36 90
Net cash provided by operating activities 1,941 1,703 2,135
Cash flows from investing activities:      
Capital expenditures (828) (704) (779)
Proceeds from sale of property / investments 28 10 15
Net proceeds from divestiture of discontinued operations 48 730 0
Proceeds from business divestitures, net of payments of $14 in 2015 197 11 0
Cost of business acquisitions, net of cash acquired (15) (1,654) (345)
Cost of technology investments (3) (23) (5)
Settlement of derivatives (1) 0 0
Decrease in restricted cash 0 0 2
Net cash used in investing activities from continuing operations (574) (1,630) (1,112)
Net cash used in investing activities from discontinued operations (4) (69) (74)
Net cash used in investing activities (578) (1,699) (1,186)
Cash flows from financing activities:      
Net (repayments) proceeds under other short-term debt agreements (34) (214) 7
Repayments under long-term debt agreements 0 0 (164)
Repayment of senior notes (862) (546) (526)
Proceeds from issuance of senior notes, net of issuance costs 852 2,043 691
Contingent consideration and deferred acquisition purchase price payments (4) 0 0
Dividend payments of consolidated affiliates to minority shareholders (42) (63) (73)
Repurchase of ordinary shares (634) (1,159) (1,024)
Distribution of cash dividends (317) (286) (301)
Taxes withheld and paid on employees' restricted share awards (40) (59) (8)
Net cash used in financing activities (1,081) (284) (1,398)
Effect of exchange rate fluctuations on cash and cash equivalents (23) (45) (36)
Increase (decrease) in cash and cash equivalents 259 (325) (485)
Cash and cash equivalents at beginning of the year 579 904 1,389
Cash and cash equivalents at end of the year 838 579 904
Cash and cash equivalents of discontinued operations 0 44 45
Cash and cash equivalents of continuing operations $ 838 $ 535 $ 859