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Statement of Consolidated Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FROM OPERATIONS    
Net (loss) income (H) $ (58) $ 340
Adjustments to reconcile net (loss) income to cash from operations:    
Depreciation, depletion, and amortization 172 194
Deferred income taxes (H) 33 2
Equity earnings, net of dividends (3) (6)
Restructuring and other charges, net (C) 113 (19)
Net gain from investing activities – asset sales (N) (8) (5)
Net periodic pension benefit cost (I) 30 40
Stock-based compensation 10 10
Provision for bad debt expense 20  
Other 23 (14)
Changes in assets and liabilities, excluding effects of foreign currency translation adjustments:    
Decrease in receivables 42 43
Decrease (Increase) in inventories (H) 17 (248)
Decrease in prepaid expenses and other current assets 13 2
(Decrease) in accounts payable, trade (159) (106)
(Decrease) in accrued expenses (18) (186)
(Decrease) Increase in taxes, including income taxes (43) 84
Pension contributions (I) (7) (40)
(Increase) in noncurrent assets (10) (13)
Increase (Decrease) in noncurrent liabilities 1 (23)
CASH PROVIDED FROM OPERATIONS 168 55
FINANCING ACTIVITIES    
Additions to debt (original maturities greater than three months)   61
Payments on debt (original maturities greater than three months)   (4)
Proceeds from the exercise of employee stock options 1 15
Contributions from noncontrolling interest 20 53
Distributions to noncontrolling interest (214) (267)
Other (6) (5)
CASH USED FOR FINANCING ACTIVITIES (199) (147)
INVESTING ACTIVITIES    
Capital expenditures (69) (74)
Proceeds from the sale of assets 11  
Additions to investments (1)  
CASH USED FOR INVESTING ACTIVITIES (59) (74)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (6) 4
Net change in cash and cash equivalents and restricted cash (96) (162)
Cash and cash equivalents and restricted cash at beginning of year 1,116 1,365
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 1,020 $ 1,203