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Statement of Consolidated Cash Flows (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net income $ 424 $ 653
Adjustments to reconcile net income to cash used for operations:    
Depreciation and amortization 427 410
Deferred income taxes 95 24
Restructuring and other charges 20 118
Net loss (gain) from investing activities - asset sales (F) 7 (514)
Net periodic pension benefit cost (G) 100 163
Stock-based compensation 43 59
Other 61 112
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:    
(Increase) in receivables (B) (1,020) (792)
(Increase) in inventories (184) (168)
(Increase) decrease in prepaid expenses and other current assets (3) 6
Increase (decrease) in accounts payable, trade 257 (94)
(Decrease) in accrued expenses (96) (138)
Increase in taxes, including income taxes 63 144
Pension contributions (288) (257)
(Increase) in noncurrent assets (33) (37)
(Decrease) in noncurrent liabilities (82) (62)
Cash used for operations (209) (373)
Financing Activities    
Net change in short-term borrowings (original maturities of three months or less) 3 15
Additions to debt (original maturities greater than three months) (N) 450 664
Premiums paid on early redemption of debt (B & N) (17) (52)
Payments on debt (original maturities greater than three months) (N) (952) (1,484)
Proceeds from exercise of employee stock options 15 48
Dividends paid to shareholders (89) (132)
Distributions to noncontrolling interests 0 (14)
Other (19) (15)
Cash used for financing activities (609) (970)
Investing Activities    
Capital expenditures (497) (360)
Proceeds from the sale of assets and businesses (P) 7 (9)
Sales of investments (F) 9 890
Cash receipts from sold receivables (B & K) 693 514
Other (1) 244
Cash provided from investing activities 211 1,279
Effect of exchange rate changes on cash, cash equivalents and restricted cash (4) 6
Net change in cash, cash equivalents and restricted cash (B) (611) (58)
Cash, cash equivalents and restricted cash at beginning of year (B) 2,153 1,878
Cash, cash equivalents and restricted cash at end of period (B) $ 1,542 $ 1,820