XML 78 R7.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 180 $ 15
Adjustments to reconcile net income to cash flows from operating activities:    
Depreciation and amortization 374 321
Amortization and write-off of debt issuance costs 24 10
Net rationalization charges (Note 2) 55 8
Net (gains) losses on asset sales (Note3) (13) (24)
Pension contributions and direct payments (106) (127)
Rationalization payments (26) (31)
Venezuela currency devaluation (Note 3)   110
Changes in operating assets and liabilities, net of asset acquisitions and dispositions:    
Accounts receivable (701) (428)
Inventories (960) (592)
Accounts payable - trade 405 502
Compensation and benefits 166 213
Other current liabilities (28) 67
Other assets and liabilities (39) 139
TOTAL CASH FLOWS FROM OPERATING ACTIVITIES (669) 183
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (532) (358)
Asset dispositions (Note 3) 100 18
Increase in restricted cash (Note 8) (51) (37)
Return of investment in The Reserve Primary Fund   24
TOTAL CASH FLOWS FROM INVESTING ACTIVITIES (483) (353)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Short term debt and overdrafts incurred 64 28
Short term debt and overdrafts paid (54) (49)
Long term debt incurred 1,890 251
Long term debt paid (1,432) (64)
Proceeds from issuance of preferred stock 485  
Common stock issued 7 1
Dividends paid to minority shareholders (14) (2)
Debt related costs and other transactions (19)  
TOTAL CASH FLOWS FROM FINANCING ACTIVITIES 927 165
Effect of exchange rate changes on cash and cash equivalents (Note 3) 24 (234)
Net Change in Cash and Cash Equivalents (201) (239)
Cash and Cash Equivalents at Beginning of the Period 2,005 1,922
Cash and Cash Equivalents at End of the Period $ 1,804 $ 1,683