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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:  
Net Income$ 391$ 2
Adjustments to reconcile net income to cash flows from operating activities:  
Depreciation and amortization547487
Amortization and write-off of debt issuance costs2922
Net rationalization charges (Note 2)8016
Net (gains) losses on asset sales (Note3)(24)(26)
Pension contributions and direct payments(221)(248)
Rationalization payments(80)(49)
Venezuela currency devaluation (Note 3)0110
Changes in operating assets and liabilities, net of asset acquisitions and dispositions:  
Accounts receivable(1,419)(858)
Inventories(1,154)(547)
Accounts payable - trade435599
Compensation and benefits299333
Other current liabilities90202
Other assets and liabilities5540
TOTAL CASH FLOWS FROM OPERATING ACTIVITIES(972)83
CASH FLOWS FROM INVESTING ACTIVITIES:  
Capital expenditures(806)(618)
Asset dispositions (Note 4)6820
Government Grants Received550
Increase in restricted cash (Note 8)(32)(2)
Return of investment in The Reserve Primary Fund026
TOTAL CASH FLOWS FROM INVESTING ACTIVITIES(715)(574)
CASH FLOWS FROM FINANCING ACTIVITIES:  
Short term debt and overdrafts incurred19094
Short term debt and overdrafts paid(93)(64)
Long term debt incurred3,0031,625
Long term debt paid(1,674)(1,229)
Proceeds from issuance of preferred stock4840
Preferred stock dividends paid(7)0
Common stock issued71
Dividends paid to minority shareholders(15)(10)
Debt related costs and other transactions(20)(21)
TOTAL CASH FLOWS FROM FINANCING ACTIVITIES1,875396
Effect of exchange rate changes on cash and cash equivalents (Note 3)(67)(162)
Net Change in Cash and Cash Equivalents121(257)
Cash and Cash Equivalents at Beginning of the Period2,0051,922
Cash and Cash Equivalents at End of the Period$ 2,126$ 1,665