XML 56 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 111 $ 180
Adjustments to reconcile net income to cash flows from operating activities:    
Depreciation and amortization 337 374
Amortization and write-off of debt issuance costs 60 24
Net rationalization charges (Note 2) 41 55
Net gains on asset sales (Note 3) (17) (13)
Pension contributions and direct payments (227) (106)
Rationalization payments (48) (26)
Customer prepayments and government grants 51 14
Insurance Proceeds 39 0
Changes in operating assets and liabilities, net of asset acquisitions and dispositions:    
Accounts receivable (377) (701)
Inventories (116) (960)
Accounts payable - trade (275) 405
Compensation and benefits 15 166
Increase (Decrease) in Other Current Liabilities 5 (28)
Other assets and liabilities (50) (53)
Total Cash Flows from Operating Activities (451) (669)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (490) (532)
Asset dispositions (Note 3) 9 100
Increase in restricted cash (18) (51)
Other Transactions (13) 0
Total Cash Flows from Investing Activities (512) (483)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Short term debt and overdrafts incurred 34 64
Short term debt and overdrafts paid (42) (54)
Long term debt incurred 2,266 1,890
Long term debt paid (1,810) (1,432)
Proceeds from issuance of preferred stock (Note 12) 0 485
Preferred stock dividends paid (Note 12) (15) 0
Common stock issued (Note 10) 0 7
Transactions with minority interests in subsidiaries (27) (14)
Debt related costs and other transactions (63) (19)
Total Cash Flows from Financing Activities 343 927
Effect of exchange rate changes on cash and cash equivalents 4 24
Net Change in Cash and Cash Equivalents (616) (201)
Cash and Cash Equivalents at Beginning of the Period 2,772 2,005
Cash and Cash Equivalents at End of the Period $ 2,156 $ 1,804