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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities    
Net income $ 138 $ 135
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 47 47
Amortization 22 25
Share-based compensation 8 9
Restructuring charges 4 18
Gain from sale of businesses (9) 0
Other, net 3 (1)
Payments for restructuring (9) (17)
Changes in assets and liabilities (net of acquisitions):    
Changes in receivables (28) (32)
Changes in inventories (27) (53)
Changes in accounts payable 3 2
Other, net (29) (35)
Net Cash – Operating activities 123 98
Investing Activities    
Capital expenditures (57) (48)
Proceeds from sale of businesses 1 0
Proceeds from the sale of property, plant and equipment 0 1
Other, net (3) 0
Net Cash – Investing activities (53) (47)
Financing Activities    
(Repayment) issuance of short-term debt (2) 1
Repurchase of common stock (53) (102)
Proceeds from exercise of employee stock options 9 17
Dividends paid (51) (47)
Other, net 1 1
Net Cash – Financing activities (96) (130)
Effect of exchange rate changes on cash (37) (4)
Net change in cash and cash equivalents (63) (83)
Cash and cash equivalents at beginning of year 663 533
Cash and cash equivalents at end of period 600 450
Cash paid during the period for:    
Interest 26 26
Income taxes (net of refunds received) $ 42 $ 50