XML 41 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statement Of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating activities    
Net income $ 217 $ 222
Depreciation 123 142
Amortization of intangibles 65 66
Amortization of deferred financing charges 4 4
Unremitted earnings of affiliates (8) (1)
Stock compensation expense 14 14
Deferred income taxes 5 (9)
Pension contributions, net (56) (204)
Interest payment received on payment-in-kind on note receivable 26  
Change in working capital (75) (116)
Other, net (22) 3
Net cash provided by operating activities 293 121
Investing activities    
Purchases of property, plant and equipment (123) (113)
Acquisition of business (8) (7)
Principal payment received on payment-in-kind note receivable 33  
Purchases of marketable securities (80) (13)
Proceeds from sales of marketable securities 28 12
Proceeds from maturities of marketable securities 7 3
Proceeds from sale of businesses 1 7
Other 8 (3)
Net cash used in investing activities (134) (114)
Financing activities    
Net change in short-term debt (11) 26
Proceeds from long-term debt 811 40
Repayment of long-term debt (55) (14)
Deferred financing payments (17)  
Preferred stock redemption (474)  
Dividends paid to preferred stockholders (23) (23)
Dividends paid to common stockholders (22) (22)
Distributions to noncontrolling interests (11) (9)
Repurchases of common stock (288)   
Payments to acquire noncontrolling interests (7)  
Other 7 (1)
Net cash used in financing activities (90) (3)
Net increase in cash and cash equivalents 69 4
Cash and cash equivalents - beginning of period 1,059 931
Effect of exchange rate changes on cash balances (7) 5
Cash and cash equivalents – end of period $ 1,121 $ 940