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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operating Activities:    
Net Income $ 717 $ 749
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:    
Depreciation and Amortization 536 522
Amortization and Write-Off of Debt Issuance Costs 24 6
Provision for Deferred Income Taxes 31 265
Net Pension Curtailments and Settlements 13 2
Net Rationalization Charges 194 82
Rationalization Payments (68) (105)
Net (Gains) Losses on Asset Sales (28) 9
Pension Contributions and Direct Payments (71) (77)
Gain on Recognition of Deferred Royalty Income 0 (155)
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:    
Accounts Receivable (570) (644)
Inventories (236) (97)
Accounts Payable — Trade (144) 33
Compensation and Benefits (68) 29
Other Current Liabilities 11 (29)
Other Assets and Liabilities (104) 45
Total Cash Flows from Operating Activities 237 635
Cash Flows from Investing Activities:    
Capital Expenditures (711) (656)
Asset Dispositions 13 13
Decrease (Increase) in Restricted Cash 1 (11)
Short Term Securities Acquired (46) (50)
Short Term Securities Redeemed 34 25
Other Transactions 2 5
Total Cash Flows from Investing Activities (707) (674)
Cash Flows from Financing Activities:    
Short Term Debt and Overdrafts Incurred 219 72
Short Term Debt and Overdrafts Paid (99) (59)
Long Term Debt Incurred 4,129 1,265
Long Term Debt Paid (4,025) (1,469)
Common Stock Issued 9 33
Common Stock Repurchased (200) (82)
Common Stock Dividends Paid (56) (49)
Transactions with Minority Interests in Subsidiaries (9) (5)
Debt Related Costs and Other Transactions (24) (12)
Total Cash Flows from Financing Activities (56) (306)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 25 (102)
Net Change in Cash and Cash Equivalents (501) (447)
Cash and Cash Equivalents at Beginning of the Period 1,476 2,161
Less: Cash Held for Sale 0 (24)
Cash and Cash Equivalents at End of the Period $ 975 $ 1,690