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Note 2 - Cash, Cash Equivalents and Restricted Cash
6 Months Ended
Jun. 30, 2018
Cash And Cash Equivalents [Abstract]  
Cash, Cash Equivalents and Restricted Cash [Text Block]

NOTE 2: CASH, CASH EQUIVALENTS AND RESTRICTED CASH

 

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Statement of Financial Position that sums to the total of such amounts shown in the Statement of Cash Flows:

 

 

 

June 30,

 

 

December 31,

 

(in millions)

 

2018

 

 

2017

 

Cash and cash equivalents

 

$

275

 

 

$

344

 

Restricted cash included in Other current assets

 

 

7

 

 

 

8

 

Long-term restricted cash

 

 

11

 

 

 

17

 

Total cash, cash equivalents and restricted cash shown in the Statement of Cash Flows

 

$

293

 

 

$

369

 

 

Restricted cash included in Other current assets on the Statement of Financial Position primarily represents amounts which support hedging activities.

 

Long-term restricted cash includes $5 million and $6 million of security posted related to Brazilian legal contingencies as of June 30, 2018 and December 31, 2017, respectively.  Long-term restricted cash also includes $0 million and $6 million as of June 30, 2018 and December 31, 2017, respectively, supporting compliance with the Excess Availability threshold under the Amended and Restated Credit Agreement (the “Amended Credit Agreement”).