XML 70 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 419 $ 244
Adjustments to Reconcile Net Income to Cash Fows from Operating Activities:    
Depreciation and Amortization 539 513
Amortization and Write-Off of Debt Issuance Costs 13 64
Net Rationalization Charges (Note 2) 41 67
Rationalization Payments (60) (66)
Net (Gains) Losses on Asset Sales (Note 3) (6) (22)
Pension Contributions and Direct Payments (1,072) (490)
Venezuela Currency Devaluation (Note 3) 115 0
Customer Prepayments and Government Grants 32 94
Insurance Proceeds 17 39
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:    
Accounts Receivable (728) (729)
Inventories 249 257
Accounts Payable - Trade (26) (432)
Compensation and Benefits 215 169
Other Current Liabilities (12) 70
Other Assets and Liabilities (34) (107)
Total Cash Flows from Operating Activities (298) (329)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital Expenditures (734) (788)
Asset Dispositions (Note 3) 8 14
Government Grants Received 6 2
Decrease (Increase) in Restricted Cash 3 (17)
Short Term Securities Acquired (89) (25)
Short Term Securities Redeemed 81 10
Other Transactions 0 4
Total Cash Flows from Investing Activities (725) (800)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Short Term Debt and Overdrafts Incurred 30 74
Short Term Debt and Overdrafts Paid (89) (89)
Long Term Debt Incurred 2,152 3,042
Long Term Debt Paid (660) (2,322)
Common Stock Issued 15 1
Preferred Stock Dividends Paid (Note 12) (22) (22)
Transactions with Minority Interests in Subsidiaries (10) (23)
Debt Related Costs and Other Transactions (16) (63)
Total Cash Flows from Financing Activities 1,400 598
Effect of Exchange Rate Changes on Cash and Cash Equivalents (158) 16
Net Change in Cash and Cash Equivalents 219 (515)
Cash and Cash Equivalents at Beginning of the Period 2,281 2,772
Cash and Cash Equivalents at End of the Period $ 2,500 $ 2,257