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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash used for operating activities    
Net loss $ (923) $ (4,505)
Depreciation and Amortization [1] 711 667
(Benefit from) Provision for Deferred Income Tax (427) 112
Net Periodic Pension Benefit (208) (242)
Pension Contributions (109) (1,266)
Net gain on sales of property, businesses, consolidated companies, and investments (69) (36)
Restructuring and Asset Related Charges - Net 167 466
Amortization of inventory step-up 272 1,494
Goodwill impairment charge 0 4,503
Loss on early extinguishment of debt 13 0
Other net loss 184 284
Changes in operating assets and liabilities - net (3,732) (5,781)
Cash used for operating activities (2,303) (2,780)
Cash used for investing activities    
Capital expenditures (1,015) (1,020)
Proceeds from the sale of property, businesses, and consolidated companies, net of cash divested 142 101
Payments to Acquire Businesses, Net of Cash Acquired (9) 0
Investments in and loans to nonconsolidated affiliates (10) 0
Proceeds from sales of ownership interests in nonconsolidated affiliates 21 0
Purchases of investments (133) (1,235)
Proceeds from Sale and Maturities of Investments 42 1,930
Other investing activities - net (2) (4)
Cash used for investing activities (964) (228)
Cash provided by (used for) financing activities    
Change in short-term (less than 90 days) borrowings 1,729 2,381
Proceeds from Issuance of Long-term Debt 1,001 756
Payments of Long-term Debt (6,803) (1,538)
Payments for Repurchase of Common Stock (25) 0
Proceeds from Stock Options Exercised 43 81
Payments of Dividends (97) 0
Distributions to DowDuPont (317) (2,481)
Cash transferred to DowDuPont at Internal Reorganizations (2,053) 0
Contributions from Dow and DowDuPont 7,396 288
Debt extinguishment costs (79) 0
Other financing activities (34) (78)
Cash provided by (used for) financing activities 761 (591)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (118) (187)
Decrease in Cash, Cash Equivalents, Restricted Cash (2,624) (3,786)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total Company, Beginning of Period 5,024 7,914
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total Company, End of Period [2] 2,400 4,128
EID [Member]    
Cash used for operating activities    
Net loss (976) (4,505)
Depreciation and Amortization [3] 711 667
(Benefit from) Provision for Deferred Income Tax (427) 112
Net Periodic Pension Benefit (208) (242)
Pension Contributions (109) (1,266)
Net gain on sales of property, businesses, consolidated companies, and investments (69) (36)
Restructuring and Asset Related Charges - Net 167 466
Amortization of inventory step-up 272 1,494
Goodwill impairment charge 0 4,503
Loss on early extinguishment of debt 13 0
Other net loss 184 284
Changes in operating assets and liabilities - net (3,697) (5,781)
Cash used for operating activities (2,321) (2,780)
Cash used for investing activities    
Capital expenditures (1,015) (1,020)
Proceeds from the sale of property, businesses, and consolidated companies, net of cash divested 142 101
Payments to Acquire Businesses, Net of Cash Acquired (9) 0
Investments in and loans to nonconsolidated affiliates (10) 0
Proceeds from sales of ownership interests in nonconsolidated affiliates 21 0
Purchases of investments (133) (1,235)
Proceeds from Sale and Maturities of Investments 42 1,930
Other investing activities - net (2) (4)
Cash used for investing activities (964) (228)
Cash provided by (used for) financing activities    
Change in short-term (less than 90 days) borrowings 1,729 2,381
Proceeds from Related Party Debt 4,160 0
Proceeds from Issuance of Long-term Debt 1,001 756
Payments of Long-term Debt (6,803) (1,538)
Repayments of Related Party Debt (123) 0
Proceeds from Stock Options Exercised 43 81
Distributions to DowDuPont (317) (2,481)
Cash transferred to DowDuPont at Internal Reorganizations (2,053) 0
Contributions from Dow and DowDuPont 3,255 288
Debt extinguishment costs (79) 0
Other financing activities (34) (78)
Cash provided by (used for) financing activities 779 (591)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (118) (187)
Decrease in Cash, Cash Equivalents, Restricted Cash (2,624) (3,786)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total Company, Beginning of Period 5,024 7,914
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total Company, End of Period 2,400 4,128
Total company [Member]    
Cash used for operating activities    
Depreciation and Amortization 1,310 2,092
Restructuring and Asset Related Charges - Net 284 565
Total company [Member] | EID [Member]    
Cash used for operating activities    
Depreciation and Amortization 1,310 2,092
Restructuring and Asset Related Charges - Net 284 $ 565
Discontinued Operations [Member]    
Cash used for operating activities    
Goodwill impairment charge 1,102  
Discontinued Operations [Member] | EID [Member]    
Cash used for operating activities    
Goodwill impairment charge $ 1,102  
[1]
Periods prior to March 31, 2019 are on a pro forma basis, prepared in accordance with Article 11 of Regulation S-X.
[2] See page 27 for reconciliation of cash and cash equivalents and restricted cash presented in Condensed Consolidated Balance Sheets to total cash, cash equivalents and restricted cash presented in the Condensed Consolidated Statements of Cash Flows.
[3]
Periods prior to March 31, 2019 are on a pro forma basis, prepared in accordance with Article 11 of Regulation S-X.