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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities    
Net income $ 210 $ 226
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 61 69
Amortization 36 33
Share-based compensation 15 11
Restructuring charges 18 5
Gain from sale of businesses 0 (9)
Other, net 8 10
Payments for restructuring (11) (11)
Changes in assets and liabilities (net of acquisitions):    
Changes in receivables (27) (32)
Changes in inventories (42) (15)
Changes in accounts payable 14 6
Other, net (8) (33)
Net Cash – Operating activities 274 260
Investing Activities    
Capital expenditures (90) (78)
Acquisition of business, net of cash acquired (70) 0
Proceeds from sale of businesses 0 1
Proceeds from Sale of Property, Plant, and Equipment 0 1
Other, net 5 2
Net Cash – Investing activities (155) (74)
Financing Activities    
Short-term debt issued 62 0
Short-term debt repaid (80) (3)
Long-term debt issued 540 0
Long-term debt repaid (608) 0
Repurchase of common stock (3) (128)
Proceeds from exercise of employee stock options 22 14
Dividends paid (84) (77)
Other, net 1 0
Net Cash – Financing activities (150) (194)
Effect of exchange rate changes on cash 10 (44)
Net change in cash and cash equivalents (21) (52)
Cash and cash equivalents at beginning of year 680 663
Cash and cash equivalents at end of period 659 611
Cash paid during the period for:    
Interest 34 37
Income taxes (net of refunds received) $ 60 $ 57