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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 749 $ 393
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:    
Depreciation and Amortization 522 553
Amortization and Write-Off of Debt Issuance Costs 6 12
Provision for Deferred Income Taxes 265 61
Net Pension Curtailments and Settlements 2 39
Net Rationalization Charges (Note 2) 82 80
Rationalization Payments (105) (169)
Net Losses on Asset Sales (Note 3) 9 4
Pension Contributions and Direct Payments (77) (1,292)
Net Venezuela Currency Loss (Note 3) 0 155
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 (644) (675)
Inventories (97) (226)
Accounts Payable - Trade 33 (69)
Compensation and Benefits 29 103
Other Current Liabilities (29) (5)
Other Assets and Liabilities 45 97
Total Cash Flows from Operating Activities 635 (939)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital Expenditures (656) (634)
Asset Dispositions (Note 3) 13 6
Decrease (Increase) in Restricted Cash (11) 6
Short Term Securities Acquired (50) (72)
Short Term Securities Redeemed 25 82
Other Transactions 5 7
Total Cash Flows from Investing Activities (674) (605)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Short Term Debt and Overdrafts Incurred 72 52
Short Term Debt and Overdrafts Paid (59) (24)
Long Term Debt Incurred 1,265 1,739
Long Term Debt Paid (1,469) (1,054)
Common Stock Issued 33 41
Common Stock Repurchased (Note 13) (82) (97)
Common Stock Dividends Paid (Note 13) (49) (43)
Preferred Stock Dividends Paid (Note 13) 0 (15)
Transactions with Minority Interests in Subsidiaries (5) (36)
Debt Related Costs and Other Transactions (12) 0
Total Cash Flows from Financing Activities (306) 563
Effect of Exchange Rate Changes on Cash and Cash Equivalents (102) (271)
Net Change in Cash and Cash Equivalents (447) (1,252)
Cash and Cash Equivalents at Beginning of the Period 2,161 2,996
Less: Cash Held for Sale (24) 0
Cash and Cash Equivalents at End of the Period $ 1,690 $ 1,744