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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities:      
Net income $ 365 $ 1,284 $ 376
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:      
Depreciation and Amortization 781 727 698
Amortization and Write-Off of Debt Issuance Costs 21 29 23
Provision for Deferred Income Taxes 385 (229) 79
Loss on Deconsolidation of Venezuelan Subsidiary 0 0 646
Net Pension Curtailments and Settlements 19 17 139
Net Rationalization Charges 135 210 114
Rationalization Payments (154) (86) (144)
Net (gains) losses on asset sales (14) (31) (71)
Pension Contributions and Direct Payments (90) (89) (103)
Gain on Recognition of Deferred Royalty Revenue 0 0 (155)
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:      
Accounts Receivable (147) 211 (31)
Inventories (44) (172) (89)
Accounts Payable — Trade 85 (156) 78
Compensation and Benefits (65) (50) 66
Other Current Liabilities (76) (56) (28)
Other Assets and Liabilities (43) (52) 130
Total Cash Flows from Operating Activities 1,158 1,557 1,728
Cash Flows from Investing Activities:      
Capital Expenditures (881) (996) (983)
Asset Dispositions 12 35 62
Decrease in Cash Due to Deconsolidation of Venezuelan Subsidiary 0 0 (320)
Short Term Securities Acquired (83) (72) (77)
Short Term Securities Redeemed 83 60 69
Other Transactions (10) (6) (7)
Total Cash Flows from Investing Activities (879) (979) (1,256)
Cash Flows from Financing Activities:      
Short Term Debt and Overdrafts Incurred 1,054 417 103
Short Term Debt and Overdrafts Paid (1,046) (228) (84)
Long Term Debt Incurred 6,463 4,988 2,819
Long Term Debt Paid (6,342) (5,433) (3,315)
Common Stock Issued 14 13 53
Common Stock Repurchased (400) (500) (180)
Common Stock Dividends Paid (110) (82) (68)
Transactions with Minority Interests in Subsidiaries (7) (11) (9)
Debt Related Costs and Other Transactions (41) (40) (74)
Dissolution of Global Alliance 0 0 (271)
Total Cash Flows from Financing Activities (415) (876) (1,026)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 57 (15) (125)
Net Change in Cash, Cash Equivalents and Restricted Cash (79) (313) (679)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Year 1,189 1,502 2,181
Cash, Cash Equivalents and Restricted Cash at End of the Year $ 1,110 $ 1,189 $ 1,502