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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities      
Net income $ 260 $ 340 $ 337
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 87 88 95
Amortization 64 45 47
Deferred income taxes 14 (9) (29)
Share-based compensation 18 15 18
Restructuring charges, net 30 6 26
Gain from sale of businesses 0 (9) (11)
Other, net 6 12 2
Payments for restructuring (16) (14) (26)
Contributions to postretirement benefit plans (27) (25) (35)
Changes in assets and liabilities (net of acquisitions):      
Changes in receivables (6) (24) (37)
Changes in inventories (15) 23 (49)
Changes in accounts payable 61 20 17
Changes in accrued liabilities 13 (11) 3
Changes in accrued taxes (13) (3) 25
Net changes in other assets and liabilities 21 10 33
Net Cash — Operating activities 497 464 416
Investing Activities      
Capital expenditures (124) (117) (119)
Proceeds from the sale of property, plant and equipment 1 0 2
Acquisitions of businesses and assets, net of cash acquired (1,782) (18) 0
Proceeds from sale of business 0 1 30
Other, net 19 2 1
Net Cash — Investing activities (1,886) (132) (86)
Financing Activities      
Short-term debt issued 274 0 52
Short-term debt repaid (80) (3) 0
Long-term debt issued, net 1,540 0 0
Long-term debt repaid 608 0 0
Repurchase of common stock (4) (179) (134)
Proceeds from exercise of employee stock options 24 21 26
Excess tax benefit from share based compensation 0 2 2
Dividends paid (112) (102) (94)
Other, net 0 (1) 1
Net Cash — Financing activities 1,034 (262) (147)
Effect of exchange rate changes on cash (17) (53) (53)
Net change in cash and cash equivalents (372) 17 130
Cash and cash equivalents at beginning of year 680 663 533
Cash and cash equivalents at end of year 308 680 663
Cash paid during the year for:      
Interest 49 52 51
Income taxes (net of refunds received) $ 78 $ 75 $ 81