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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
4 Months Ended 8 Months Ended 12 Months Ended
Dec. 31, 2013
Aug. 31, 2013
Dec. 31, 2015
Dec. 31, 2014
Adjustments to reconcile to net cash used in operating activities:        
Foreign exchange loss from remeasurement of Venezuela monetary assets     $ 2 $ 16
Cash flows from financing activities:        
Cash and cash equivalents, beginning of period     712  
Cash and cash equivalents, end of period     547 712
Successor [Member]        
Cash flows from operating activities:        
Net (loss) earnings $ (78)   (75) (118)
Adjustments to reconcile to net cash used in operating activities:        
Depreciation and amortization 75   145 199
Pension and other postretirement (income) expense (61)   (107) (78)
Stock based compensation 1   18 8
Change in U.S. vacation benefits     (17)  
Net gains on sales of businesses/assets (6)   (4) (23)
Gain on assets acquired for no monetary consideration     (3)  
Foreign exchange loss from remeasurement of Venezuela monetary assets       16
Non-cash restructuring costs, asset impairments and other charges 9   9 13
Reorganization items:        
Payment of claims     (10) (2)
Other non-cash reorganization items, net 3   4 8
Provision (benefit) for deferred income taxes (2)   6 5
Decrease (increase) in receivables (72)   15 143
Decrease (increase) in inventories 147   12 4
Decrease in liabilities excluding borrowings (105)   (109) (307)
Other items, net (13)   21 4
Total adjustments (24)   (20) (10)
Net cash used in operating activities (102)   (95) (128)
Cash flows from investing activities:        
Additions to properties (21)   (43) (43)
Net proceeds from sales of businesses/assets , net 9   2 18
(Funding) use of restricted cash 93   (10) 68
Marketable securities – purchases       (2)
Net cash (used in) provided by investing activities 81   (51) 41
Cash flows from financing activities:        
Repayment of emergence credit facilities (2)   (4) (4)
Net proceeds of other borrowings     5 1
Equity transactions of noncontrolling interests 7   (1) (3)
Treasury stock purchases (3)   (1) (1)
Repayment of other borrowings (40)      
Net cash used in financing activities (38)   (1) (7)
Effect of exchange rate changes on cash 5   (18) (38)
Net decrease in cash and cash equivalents (54)   (165) (132)
Cash and cash equivalents, beginning of period 898   712 844
Cash and cash equivalents, end of period 844 $ 898 547 712
Cash paid for interest and income taxes was:        
Interest, net of portion capitalized of $2 as of December 31, 2015, $3 as of December 31, 2014 and $0 as of December 31, 2013 and August 31, 2013. 22   60 65
Income taxes (net of refunds) 18   $ 12 $ 14
Predecessor [Member]        
Cash flows from operating activities:        
Net (loss) earnings   2,066    
Adjustments to reconcile to net cash used in operating activities:        
Depreciation and amortization   118    
Pension and other postretirement (income) expense   145    
Stock based compensation   3    
Net gains on sales of businesses/assets   (407)    
Loss on early extinguishment of debt   8    
Non-cash restructuring costs, asset impairments and other charges   81    
Reorganization items:        
Non-cash reorganization gain   (1,964)    
Payment of claims   (94)    
Fresh start adjustments, net   (302)    
Other non-cash reorganization items, net   119    
Provision (benefit) for deferred income taxes   448    
Decrease (increase) in receivables   105    
Decrease (increase) in inventories   (27)    
Decrease in liabilities excluding borrowings   (595)    
Other items, net   (269)    
Total adjustments   (2,631)    
Net cash used in operating activities   (565)    
Cash flows from investing activities:        
Additions to properties   (18)    
Net proceeds from sales of businesses/assets , net   827    
(Funding) use of restricted cash   (134)    
Marketable securities – sales   21    
Marketable securities – purchases   (17)    
Net cash (used in) provided by investing activities   679    
Cash flows from financing activities:        
Proceeds from Emergence credit facilities   664    
Proceeds from Senior and Junior DIP Credit Agreements   450    
Repayment of other borrowings   (375)    
Proceeds from Rights Offerings   406    
Contingent consideration received with sale of business   35    
Net cash used in financing activities   (328)    
Effect of exchange rate changes on cash   (23)    
Net decrease in cash and cash equivalents   (237)    
Cash and cash equivalents, beginning of period $ 898 1,135    
Cash and cash equivalents, end of period   898    
Cash paid for interest and income taxes was:        
Interest, net of portion capitalized of $2 as of December 31, 2015, $3 as of December 31, 2014 and $0 as of December 31, 2013 and August 31, 2013.   179    
Income taxes (net of refunds)   34    
Predecessor [Member] | Original Senior DIP Credit Agreement [Member]        
Cash flows from financing activities:        
Repayment of other borrowings   (664)    
Predecessor [Member] | Junior DIP Credit Agreement Term Loan [Member]        
Cash flows from financing activities:        
Repayment of other borrowings   $ (844)