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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities:    
Net income $ 189 $ 88
Less: Income (loss) from discontinued operations, net of tax 46 (21)
Income from continuing operations: 143 109
Adjustments to reconcile income from continuing operations to cash provided by operating activities:    
Depreciation and amortization 121 124
Equity earnings of affiliates (8) (25)
Cash distributions received from affiliates 0 17
Other, net (5) (48)
Deferred income taxes and taxes payable (109) 31
Change in operating assets and liabilities, net of acquisitions:    
Receivables and other assets (94) 17
Inventories, net 30 41
Accounts payable and other liabilities 74 (40)
Pension and postretirement benefit plans (11) (6)
Net cash provided by operating activities from continuing operations 141 220
Investing activities:    
Capital expenditures (63) (94)
Acquisitions, net of cash acquired (16) (414)
Investments in equity affiliates and other (14) (115)
Proceeds from dispositions 2 114
Other 5 0
Net cash used in investing activities from continuing operations (86) (509)
Financing activities:    
Repurchase of shares (15) 0
Dividends paid (16) (17)
Other, net (6) (9)
Net cash used in financing activities from continuing operations (37) (26)
Net increase (decrease) in cash and cash equivalents from continuing operations 18 (315)
Net decrease in cash and cash equivalents from discontinued operations (35) (57)
Cash and cash equivalents, beginning of period 1,951 3,145
Exchange movement on opening cash balance (36) (38)
Cash and cash equivalents, end of period $ 1,898 $ 2,735