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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities:    
Net income attributable to controlling and noncontrolling interests $ 339 $ 354
Less: Income from discontinued operations 0 (10)
Income from continuing operations 339 344
Adjustments to reconcile net income to cash from operations:    
Depreciation and amortization 114 115
Pension expense 18 18
Pension settlement charges 22 0
Stock-based compensation expense 16 10
Equity affiliate earnings, net of distributions received (1) (3)
Deferred income tax expense (benefit) 4 (4)
Cash contributions to pension plans (34) (6)
Cash used for restructuring actions (10) (18)
Change in certain asset and liability accounts:    
Receivables (302) (273)
Inventories (153) (120)
Other current assets (47) (83)
Accounts payable and accrued liabilities 63 112
Taxes and interest payable (79) (62)
Noncurrent assets and liabilities, net 40 (6)
Other 19 30
Cash from operating activities - continuing operations 9 54
Cash from operating activities - discontinued operations 0 25
Cash from operating activities 9 79
Investing activities:    
Capital expenditures (64) (70)
Business acquisitions, net of cash balances acquired (61) (6)
Proceeds from maturity of short-term investments 19 31
Payments for the settlement of cross currency swap contracts (34) (36)
Proceeds from cross currency swap and foreign currency contracts 0 19
Other 2 6
Cash used for investing activities - continuing operations (138) (56)
Cash used for investing activities - discontinued operations 0 (7)
Cash used for investing activities (138) (63)
Financing activities:    
Net change in borrowing with maturities of three months or less (7) 2
Net (payments) proceeds on commercial paper and short-term debt (32) 86
Repayment of long-term debt (7) (251)
Purchase of treasury stock (163) (150)
Issuance of treasury stock 9 14
Dividends paid (103) (96)
Payments Related to Tax Withholding for Share-based Compensation (16) (20)
Other (53) (14)
Cash used for financing activities (372) (429)
Effect of currency exchange rate changes on cash and cash equivalents 30 11
Net decrease in cash and cash equivalents (471) (402)
Cash and cash equivalents, beginning of period 1,820 1,311
Cash and cash equivalents, end of period 1,349 909
Interest paid, net of amount capitalized 23 33
Taxes paid, net of refunds $ 90 $ 108