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Consolidated Statements of Cash Flows (unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash Flows From Operating Activities    
Net Income $ 200 $ 261
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Depreciation, Depletion and Amortization 425 367
Asset Impairments 97 0
Deferred Income Taxes 17 52
Income from Equity Method Investees, Net of Dividends (13) (35)
Loss on Commodity Derivative Instruments 75 72
Net Cash Received (Paid) in Settlement of Commodity Derivative Instruments (33) 7
(Gain) Loss on Divestitures 1 (53)
Stock Based Compensation 23 18
Other Adjustments for Noncash Items Included in Income 20 25
Changes in Operating Assets and Liabilities    
(Increase) Decrease in Accounts Receivable 28 (56)
Increase in Accounts Payable 57 82
Increase in Current Income Taxes Payable 47 0
Decrease in Other Current Liabilities (25) (48)
Other Operating Assets and Liabilities, Net 10 13
Net Cash Provided by Operating Activities 929 705
Cash Flows From Investing Activities    
Additions to Property, Plant and Equipment (1,158) (806)
Additions to Equity Method Investments (12) (20)
Proceeds from Divestitures 92 76
Other 0 2
Net Cash Used in Investing Activities (1,078) (748)
Cash Flows From Financing Activities    
Exercise of Stock Options 10 22
Excess Tax Benefits from Stock-Based Awards 6 9
Dividends Paid, Common Stock (50) (44)
Purchase of Treasury Stock (15) (14)
Proceeds from Credit Facilities 450 0
Repayment of Capital Lease Obligation (15) (12)
Net Cash Provided by (Used in) Financing Activities 386 (39)
Increase (Decrease) in Cash and Cash Equivalents 237 (82)
Cash and Cash Equivalents at Beginning of Period 1,117 1,387
Cash and Cash Equivalents at End of Period $ 1,354 $ 1,305