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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 189 $ 236
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:    
Depreciation and Amortization 174 172
Amortization and Write-Off of Debt Issuance Costs 7 2
Provision for Deferred Income Taxes 46 91
Net Rationalization Charges 11 16
Rationalization Payments (24) (26)
Net (Gains) Losses on Asset Sales (1) 1
Pension Contributions and Direct Payments (25) (26)
Gain on Recognition of Deferred Royalty Income 0 (155)
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:    
Accounts Receivable (399) (495)
Inventories (116) 8
Accounts Payable — Trade (96) (82)
Compensation and Benefits (100) (82)
Other Current Liabilities 24 (9)
Other Assets and Liabilities (71) 87
Total Cash Flows from Operating Activities (381) (262)
Cash Flows from Investing Activities:    
Capital Expenditures (253) (204)
Asset Dispositions 1 1
Decrease in Restricted Cash 7 2
Short Term Securities Acquired (12) 0
Short Term Securities Redeemed 0 21
Total Cash Flows from Investing Activities (257) (180)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Short Term Debt and Overdrafts Incurred 26 16
Short Term Debt and Overdrafts Paid (2) (22)
Long Term Debt Incurred 1,085 616
Long Term Debt Paid (822) (628)
Common Stock Issued 2 2
Common Stock Repurchased (50) (1)
Common Stock Dividends Paid (19) (16)
Transactions with Minority Interests in Subsidiaries (6) (1)
Debt Related Costs and Other Transactions (1) 0
Total Cash Flows from Financing Activities 213 (34)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 28 (72)
Net Change in Cash and Cash Equivalents (397) (548)
Cash and Cash Equivalents at Beginning of the Period 1,476 2,161
Cash and Cash Equivalents at End of the Period $ 1,079 $ 1,613