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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 244 $ 391
Adjustments to reconcile net income to cash flows from operating activities:    
Depreciation and amortization 513 547
Amortization and write-off of debt issuance costs 64 29
Net rationalizations charges (Note 2) 67 80
Net gains on asset sales (Note 3) (22) (24)
Pension contributions and direct payments (490) (221)
Rationalization payments (66) (80)
Customer prepayments and government grants 94 34
Insurance proceeds 39 0
Changes in operating assets and liabilities, net of asset acquisitions and dispositions:    
Accounts receivable (729) (1,419)
Inventories 257 (1,154)
Accounts payable - trade (432) 435
Compensation and benefits 169 299
Other current liabilities 70 90
Other assets and liabilities (107) 21
Total Cash Flows from Operating Activities (329) (972)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (788) (806)
Asset dispositions (Note 3) 14 68
Government grants received 2 55
Increase in restricted cash (17) (32)
Other transactions (11) 0
Total Cash Flows from Investing Activities (800) (715)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Short term debt and overdrafts incurred 74 190
Short term debt and overdrafts paid (89) (93)
Long term debt incurred 3,042 3,003
Long term debt paid (2,322) (1,674)
Proceeds from issuance of preferred stock (Note 12) 0 484
Preferred stock dividends paid (Note 12) (22) (7)
Common stock issued (Note 10) 1 7
Transactions with minority interests in subsidiaries (23) (15)
Debt related costs and other transactions (63) (20)
Total Cash Flows from Financing Activities 598 1,875
Effect of exchange rate changes on cash and cash equivalents 16 (67)
Net Change in Cash and Cash Equivalents (515) 121
Cash and Cash Equivalents at Beginning of the Period 2,772 2,005
Cash and Cash Equivalents at End of the Period $ 2,257 $ 2,126