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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows from Operating Activities:      
Net income $ 1,284 $ 376 $ 2,521
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:      
Depreciation and Amortization 727 698 732
Amortization and Write-Off of Debt Issuance Costs 29 23 14
Provision for Deferred Income Taxes (229) 79 (1,970)
Loss on Deconsolidation of Venezuelan Subsidiary 0 646 0
Net Pension Curtailments and Settlements 17 139 39
Net Rationalization Charges 210 114 95
Rationalization Payments (86) (144) (226)
Net gains on asset sales (31) (71) (3)
Pension Contributions and Direct Payments (89) (103) (1,338)
Net Venezuela Currency Loss 0 0 200
Gain on Recognition of Deferred Royalty Revenue 0 (155) 0
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:      
Accounts Receivable 211 (31) 75
Inventories (172) (89) (35)
Accounts Payable — Trade (156) 78 (41)
Compensation and Benefits (50) 66 223
Other Current Liabilities (56) (28) (40)
Other Assets and Liabilities (105) 89 94
Total Cash Flows from Operating Activities 1,504 1,687 340
Cash Flows from Investing Activities:      
Capital Expenditures (996) (983) (923)
Asset Dispositions 35 62 18
Decrease in Cash Due to Deconsolidation of Venezuelan Subsidiary 0 (320) 0
Decrease (Increase) in Restricted Cash 6 (6) 5
Short Term Securities Acquired (72) (77) (72)
Short Term Securities Redeemed 60 69 95
Other Transactions (6) (7) 26
Total Cash Flows from Investing Activities (973) (1,262) (851)
Cash Flows from Financing Activities:      
Short Term Debt and Overdrafts Incurred 417 103 46
Short Term Debt and Overdrafts Paid (228) (84) (24)
Long Term Debt Incurred 4,988 2,819 1,842
Long Term Debt Paid (5,433) (3,315) (1,555)
Common Stock Issued 13 53 39
Common Stock Repurchased (500) (180) (234)
Common Stock Dividends Paid (82) (68) (60)
Preferred Stock Dividends Paid 0 0 (15)
Transactions with Minority Interests in Subsidiaries (11) (9) (49)
Debt Related Costs and Other Transactions (24) (33) (1)
Dissolution of Global Alliance 0 (271) 0
Total Cash Flows from Financing Activities (860) (985) (11)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (15) (125) (313)
Net Change in Cash and Cash Equivalents (344) (685) (835)
Cash and Cash Equivalents at Beginning of the Year 1,476 2,161 2,996
Cash and Cash Equivalents at End of the Year $ 1,132 $ 1,476 $ 2,161