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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities:    
Net Income $ 455 $ 717
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:    
Depreciation and Amortization 586 536
Amortization and Write-Off of Debt Issuance Costs 17 24
Provision for Deferred Income Taxes 33 31
Net Pension Curtailments and Settlements 13 13
Net Rationalization Charges (Note 2) 102 194
Rationalization Payments (96) (68)
Net (Gains) Losses on Asset Sales (Note 3) (14) (28)
Pension Contributions and Direct Payments (67) (71)
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:    
Accounts Receivable (807) (570)
Inventories (254) (236)
Accounts Payable — Trade 5 (144)
Compensation and Benefits (27) (68)
Other Current Liabilities (51) 11
Other Assets and Liabilities (49) (51)
Total Cash Flows from Operating Activities (154) 290
Cash Flows from Investing Activities:    
Capital Expenditures (683) (711)
Asset Dispositions (Note 3) 9 13
Short Term Securities Acquired (51) (46)
Short Term Securities Redeemed 51 34
Other Transactions (1) 2
Total Cash Flows from Investing Activities (675) (708)
Cash Flows from Financing Activities:    
Short Term Debt and Overdrafts Incurred 544 219
Short Term Debt and Overdrafts Paid (523) (99)
Long Term Debt Incurred 4,972 4,129
Long Term Debt Paid (4,193) (4,025)
Common Stock Issued 12 9
Common Stock Repurchased (Note 12) (205) (200)
Common Stock Dividends Paid (Note 12) (75) (56)
Transactions with Minority Interests in Subsidiaries (6) (9)
Debt Related Costs and Other Transactions (69) (77)
Total Cash Flows from Financing Activities 457 (109)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 51 25
Net Change in Cash, Cash Equivalents and Restricted Cash (321) (502)
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 $ 868 $ 1,000