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Statement of Consolidated Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Operating activities      
Net income $ 187 $ 143  
Adjustments to reconcile net income to cash used for operations:      
Depreciation and amortization 137 142  
Deferred income taxes 8 18  
Restructuring and other charges 12 7  
Net loss from investing activities - asset sales 2 3  
Net periodic pension benefit cost (F) 29 41  
Stock-based compensation 10 15  
Other 11 49  
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:      
(Increase) in receivables (489) (403)  
(Increase) in inventories (118) (141)  
(Increase) in prepaid expenses and other current assets (14) (12)  
Increase in accounts payable, trade 65 14  
(Decrease) in accrued expenses (69) (118)  
Increase in taxes, including income taxes 47 8  
Pension contributions (55) (177)  
(Increase) decrease in noncurrent assets (1) 1  
(Decrease) in noncurrent liabilities (20) (26)  
Cash used for operations (258) (436)  
Financing Activities      
Net change in short-term borrowings (original maturities of three months or less) 1 5  
Additions to debt (original maturities greater than three months) 150 150  
Payments on debt (original maturities greater than three months) (151) (651)  
Premiums paid on early redemption of debt 0 (17)  
Proceeds from exercise of employee stock options 1 12  
Dividends paid to shareholders (29) (30)  
Repurchase of common stock (H) (700) 0  
Other (13) (11)  
Cash used for financing activities (741) (542)  
Investing Activities      
Capital expenditures (168) (117)  
Proceeds from the sale of assets and businesses 4 0  
Sales of investments 47 9  
Cash receipts from sold receivables (K) 160 136  
Other (1) 1  
Cash provided from investing activities 42 29  
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1 4  
Net change in cash, cash equivalents and restricted cash (956) (945)  
Cash, cash equivalents and restricted cash at beginning of year 2,282 2,153 $ 2,153
Cash, cash equivalents and restricted cash at end of period $ 1,326 $ 1,208 $ 2,282