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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows from Operating Activities:    
Net Income $ 80 $ 169
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:    
Depreciation and Amortization 199 185
Amortization and Write-Off of Debt Issuance Costs 3 3
Provision for Deferred Income Taxes (17) 40
Net Rationalization Charges (Note 3) 37 29
Rationalization Payments (106) (18)
Net (Gains) Losses on Asset Sales (Note 4) 2 (1)
Pension Contributions and Direct Payments (21) (25)
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:    
Accounts Receivable (467) (478)
Inventories (81) (191)
Accounts Payable — Trade 99 73
Compensation and Benefits (16) (61)
Other Current Liabilities (64) 18
Other Assets and Liabilities (37) (29)
Total Cash Flows from Operating Activities (389) (286)
Cash Flows from Investing Activities:    
Capital Expenditures (248) (271)
Asset Dispositions (Note 4) 0 1
Short Term Securities Acquired (8) (11)
Short Term Securities Redeemed 8 11
Total Cash Flows from Investing Activities (248) (270)
Cash Flows from Financing Activities:    
Short Term Debt and Overdrafts Incurred 584 51
Short Term Debt and Overdrafts Paid (518) (82)
Long Term Debt Incurred 1,652 1,838
Long Term Debt Paid (1,226) (1,369)
Common Stock Issued 1 9
Common Stock Repurchased (Note 13) (25) (25)
Common Stock Dividends Paid (Note 13) (34) (25)
Transactions with Minority Interests in Subsidiaries (22) 0
Debt Related Costs and Other Transactions (13) 1
Total Cash Flows from Financing Activities 399 398
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 16 20
Net Change in Cash, Cash Equivalents and Restricted Cash (222) (138)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period 1,110 1,189
Cash, Cash Equivalents and Restricted Cash at End of the Period $ 888 $ 1,051