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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income (Loss) $ 417 $ (164) $ (364)
Adjustments to reconcile net income (loss) to cash flows from operating activities:      
Depreciation and amortization 715 652 636
Amortization and write-off of debt issuance costs 34 27 20
Rationalizations (Note 2) 103 240 227
Net (gains) losses on asset sales (Note 3) (16) (73) 30
Pension contributions and direct payments (294) (405) (430)
Rationalization payments (142) (57) (200)
Venezuela currency devaluation (Note 3) 0 134 0
Customer prepayments and goverment grants 212 6 14
Changes in operating assets and liabilities, net of asset acquisitions and dispositions:      
Accounts receivable (337) (181) 139
Inventories (1,009) (536) 1,265
Accounts payable - trade 696 769 (323)
Compensation and benefits 384 428 287
Other current liabilities 89 103 24
Other assets and liabilities (79) (19) (28)
TOTAL CASH FLOWS FROM OPERATING ACTIVITIES 773 924 1,297
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (1,043) (944) (746)
Asset dispositions (Notes 3 and 4) 76 70 43
Government grants received 95 0 0
Increase in restricted cash (25) (11) (3)
Return of investment in The Reserve Primary Fund (Note 12) 0 26 47
Other transactions (5) 0 (4)
TOTAL CASH FLOWS FROM INVESTING ACTIVITIES (902) (859) (663)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Short term debt and overdrafts incurred 179 85 85
Short term debt and overdrafts paid (138) (68) (186)
Long term debt incurred 3,171 1,750 2,026
Long term debt paid (2,650) (1,555) (2,544)
Proceeds from issuance of preferred stock (Note 20) 484 0 0
Preferred stock dividends paid (Note 20) (15) 0 0
Common stock issued (Note 18) 8 1 2
Transactions with minority interests in subsidiaries (24) (13) (15)
Debt related costs and other transactions (21) (21) (22)
TOTAL CASH FLOWS FROM FINANCING ACTIVITIES 994 179 (654)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (98) (161) 48
Net Change in Cash and Cash Equivalents 767 83 28
Cash and Cash Equivalents at Beginning of the Year 2,005 1,922 1,894
Cash and Cash Equivalents at End of the Year $ 2,772 $ 2,005 $ 1,922