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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities:    
Net Income $ 323 $ 397
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:    
Depreciation and Amortization 387 355
Amortization and Write-Off of Debt Issuance Costs 14 20
Provision for Deferred Income Taxes 45 87
Net Pension Curtailments and Settlements 1 14
Net Rationalization Charges 56 59
Rationalization Payments (54) (52)
Net (Gains) Losses on Asset Sales (13) (1)
Pension Contributions and Direct Payments (45) (48)
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:    
Accounts Receivable (470) (417)
Inventories (482) (176)
Accounts Payable — Trade 190 (93)
Compensation and Benefits (67) (104)
Other Current Liabilities 27 (68)
Other Assets and Liabilities (97) (40)
Total Cash Flows from Operating Activities (185) (67)
Cash Flows from Investing Activities:    
Capital Expenditures (497) (466)
Asset Dispositions 2 1
Short Term Securities Acquired (43) (34)
Short Term Securities Redeemed 43 23
Other Transactions (3) 0
Total Cash Flows from Investing Activities (498) (476)
Cash Flows from Financing Activities:    
Short Term Debt and Overdrafts Incurred 290 124
Short Term Debt and Overdrafts Paid (303) (36)
Long Term Debt Incurred 3,456 3,283
Long Term Debt Paid (2,905) (2,931)
Common Stock Issued 11 3
Common Stock Repurchased (30) (150)
Common Stock Dividends Paid (50) (38)
Transactions with Minority Interests in Subsidiaries (5) (7)
Debt Related Costs and Other Transactions (38) (76)
Total Cash Flows from Financing Activities 426 172
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 37 22
Net Change in Cash, Cash Equivalents and Restricted Cash (220) (349)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period 1,189 1,502
Cash, Cash Equivalents and Restricted Cash at End of the Period $ 969 $ 1,153