XML 52 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 8 $ 124
Adjustments to reconcile net income to cash flows from operating activities:    
Depreciation and amortization 170 182
Amortization and write-off of debt issuance costs 33 5
Net rationalization charges (Note 2) 15 9
Net gains on asset sales (Note 3) (4) (2)
Pension contributions and direct payments (114) (17)
Rationalization payments (31) (13)
Customer prepayments and government grants 38 4
Insurance proceeds 25 0
Changes in operating assets and liabilities, net of asset acquisitions and dispositions:    
Accounts receivable (635) (754)
Inventories (48) (292)
Accounts payable - trade (84) 276
Compensation and benefits (19) 56
Other current liabilities (20) 7
Other assets and liabilities (88) (18)
Total Cash Flows from Operating Activities (754) (433)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (276) (284)
Asset dispositions (Note 3) 0 2
Increase in restricted cash (21) (68)
Other Transactions 2 0
Total Cash Flows from Investing Activities (295) (350)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Short term debt and overdrafts incurred 57 16
Short term debt and overdrafts paid (31) (21)
Long term debt incurred 1,107 917
Long term debt paid (783) (423)
Proceeds from issuance of preferred stock (Note 12) 0 485
Preferred stock dividends paid (Note 12) (7) 0
Common stock issued (Note 10) 0 4
Transactions with minority interests in subsidiaries (3) (4)
Debt related costs and other transactions (14) 0
Total Cash Flows from Financing Activities 326 974
Effect of exchange rate changes on cash and cash equivalents 34 19
Net Change in Cash and Cash Equivalents (689) 210
Cash and Cash Equivalents at Beginning of the Period 2,772 2,005
Cash and Cash Equivalents at End of the Period $ 2,083 $ 2,215