XML 18 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Apr. 01, 2017
Operating activities    
Net income $ 444 $ 266
Adjustments to reconcile net income to operating cash flows:    
Depreciation and amortization 122 121
Postretirement benefit plan expense (benefit) (47) (56)
Deferred income taxes (1) (66)
Stock compensation 16 17
Other (30) 30
Postretirement benefit plan contributions (19) (24)
Changes in operating assets and liabilities, net of acquisitions:    
Trade receivables (175) (437)
Inventories 13 58
Accounts payable (4) 11
All other current assets and liabilities (91) 46
Net cash provided by (used in) operating activities 228 (34)
Investing activities    
Additions to properties (132) (130)
Collections of deferred purchase price on securitized trade receivables 0 245
Other 1 (1)
Net cash provided by (used in) investing activities (131) 114
Financing activities    
Net issuances (reductions) of notes payable 99 191
Reductions of long-term debt 0 (1)
Net issuances of common stock 50 40
Common stock repurchases 0 (125)
Cash dividends (187) (182)
Net cash provided by (used in) financing activities (38) (77)
Effect of exchange rate changes on cash and cash equivalents 30 15
Increase (decrease) in cash and cash equivalents 89 18
Cash and cash equivalents at beginning of period 281 280
Cash and cash equivalents at end of period 370 298
Supplemental cash flow disclosures    
Interest paid 14 16
Income taxes paid 31 16
Supplemental cash flow dislcosures of non-cash investing activities [Abstract]    
Beneficial interests obtained in exchange for securitized trade receivables 0 256
Additions to properties included in accounts payable $ 92 $ 106