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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 444 $ 194
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:    
Depreciation and Amortization 349 371
Amortization and Write-Off of Debt Issuance Costs 5 10
Provision for Deferred Income Taxes 171 (1)
Net Pension Curtailments and Settlements 2 39
Net Rationalization Charges (Note 2) 62 65
Rationalization Payments (86) (119)
Net Gains on Asset Sales (Note 3) (1) (3)
Pension Contributions and Direct Payments (51) (1,257)
Net Venezuela Currency Loss (Note 3) 0 157
Gain on Recognition of Deferred Royalty Income (Note 3) (155) 0
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:    
Accounts Receivable (439) (376)
Inventories (13) (318)
Accounts Payable - Trade (25) 86
Compensation and Benefits (46) 35
Other Current Liabilities (18) (26)
Other Assets and Liabilities 75 9
Total Cash Flows from Operating Activities 274 (1,134)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital Expenditures (448) (441)
Asset Dispositions (Note 3) 8 5
Decrease (Increase) in Restricted Cash (6) 3
Short Term Securities Acquired (49) (41)
Short Term Securities Redeemed 21 46
Other Transactions 5 7
Total Cash Flows from Investing Activities (469) (421)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Short Term Debt and Overdrafts Incurred 49 18
Short Term Debt and Overdrafts Paid (43) (24)
Long Term Debt Incurred 1,116 1,314
Long Term Debt Paid (1,312) (823)
Common Stock Issued 18 31
Common Stock Repurchased (Note 13) (52) (65)
Common Stock Dividends Paid (Note 13) (32) (26)
Preferred Stock Dividends Paid (Note 13) 0 (15)
Transactions with Minority Interests in Subsidiaries (1) (34)
Debt Related Costs and Other Transactions (10) 0
Total Cash Flows from Financing Activities (267) 376
Effect of Exchange Rate Changes on Cash and Cash Equivalents (61) (180)
Net Change in Cash and Cash Equivalents (523) (1,359)
Cash and Cash Equivalents at Beginning of the Period 2,161 2,996
Cash and Cash Equivalents at End of the Period $ 1,638 $ 1,637