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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Cash Flows from Operating Activities:    
Net (loss)/income $ 119 $ 333
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 131 284
Amortization 48 50
Amortization of deferred debt issuance costs 19 23
Deferred tax benefit (254) (195)
Pension contributions (33) (46)
Impairment loss on indefinite-lived intangibles 58 62
Venezuela devaluation 234 0
Loss on discontinuation of cash flow hedge 227 0
Other items, net 32 18
Changes in current assets and liabilities:    
Receivables (includes proceeds from securitization) (6) 28
Inventories (80) 29
Prepaid expenses and other current assets (66) (12)
Accounts payable 13 42
Accrued liabilities (35) (79)
Income taxes 4 310
Cash provided by operating activities 411 847
Cash Flows from Investing Activities:    
Capital expenditures (163) (153)
Proceeds from disposals of property, plant and equipment 7 40
Proceeds from net investment hedges 306 0
Other items, net 0 (2)
Cash provided by/(used for) investing activities 150 (115)
Cash Flows from Financing Activities:    
Payments on long-term debt (1,963) (50)
Proceeds from long-term debt 2,000 0
Debt issuance costs (18) 0
Net payments on short-term debt (53) (11)
Preferred dividends (360) (360)
Other items, net 15 12
Cash used for financing activities (379) (409)
Effect of exchange rate changes on cash and cash equivalents (333) 23
Net (decrease)/increase in cash and cash equivalents (151) 346
Cash and cash equivalents at beginning of period 2,298 2,459
Cash and cash equivalents at end of period $ 2,147 $ 2,805