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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities:    
Net Income $ 397 $ 444
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:    
Depreciation and Amortization 355 349
Amortization and Write-Off of Debt Issuance Costs 20 5
Provision for Deferred Income Taxes 87 171
Net Pension Curtailments and Settlements 14 2
Net Rationalization Charges 59 62
Rationalization Payments (52) (86)
Net Gains on Asset Sales (1) (1)
Pension Contributions and Direct Payments (48) (51)
Gain on Recognition of Deferred Royalty Income 0 (155)
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:    
Accounts Receivable (417) (439)
Inventories (176) (13)
Accounts Payable — Trade (93) (25)
Compensation and Benefits (104) (46)
Other Current Liabilities (68) (18)
Other Assets and Liabilities (93) 75
Total Cash Flows from Operating Activities (120) 274
Cash Flows from Investing Activities:    
Capital Expenditures (466) (448)
Asset Dispositions 1 8
Decrease (Increase) in Restricted Cash 11 (6)
Short Term Securities Acquired (34) (49)
Short Term Securities Redeemed 23 21
Other Transactions 0 5
Total Cash Flows from Investing Activities (465) (469)
Cash Flows from Financing Activities:    
Short Term Debt and Overdrafts Incurred 124 49
Short Term Debt and Overdrafts Paid (36) (43)
Long Term Debt Incurred 3,283 1,116
Long Term Debt Paid (2,931) (1,312)
Common Stock Issued 3 18
Common Stock Repurchased (150) (52)
Common Stock Dividends Paid (38) (32)
Transactions with Minority Interests in Subsidiaries (7) (1)
Debt Related Costs and Other Transactions (23) (10)
Total Cash Flows from Financing Activities 225 (267)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 22 (61)
Net Change in Cash and Cash Equivalents (338) (523)
Cash and Cash Equivalents at Beginning of the Period 1,476 2,161
Cash and Cash Equivalents at End of the Period $ 1,138 $ 1,638