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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Proceeds from Divestiture of Businesses, Net of Cash Divested $ 52 $ 0
Proceeds from Sale of Productive Assets 0 41
Operating activities:    
Net income attributable to controlling and noncontrolling interests 845 730
Less: Income from discontinued operations (3) (50)
Income from continuing operations 842 680
Adjustments to reconcile net income to cash from operations:    
Depreciation and amortization 223 218
Pension expense 34 32
Pension settlement charge 22 0
Stock-based compensation expense 24 26
Gain (Loss) on Disposition of Business (25) 0
Gain (Loss) on Sale of Equity Investments 0 20
Equity affiliate earnings, net of distributions received 3 (5)
Deferred income tax (benefit) expense (43) 200
Cash contributions to pension plans (37) (13)
Cash used for restructuring actions (20) (29)
Cash Paid for Asbestos Settlement Funding 0 (813)
Change in certain asset and liability accounts:    
Receivables (406) (362)
Inventories (185) (104)
Other current assets (52) (29)
Accounts payable and accrued liabilities 141 160
Taxes and interest payable (123) (104)
Noncurrent assets and liabilities, net (14) 41
Other 50 43
Cash from operating activities - continuing operations 434 (79)
Cash from operating activities - discontinued operations 12 78
Cash from operating activities 446 (1)
Investing activities:    
Capital expenditures (135) (149)
Business acquisitions, net of cash balances acquired (62) (10)
Proceeds from maturity of short-term investments 0 92
Payments for the settlement of cross currency swap contracts (34) (36)
Proceeds from the settlement of cross currency swap and foreign currency contracts 19 19
Other 2 9
Cash used for investing activities - continuing operations (258) (34)
Cash used for investing activities - discontinued operations (3) (19)
Cash used for investing activities (261) (53)
Payments to Acquire Equity Method Investments (100) 0
Financing activities:    
Net change in borrowing with maturities of three months or less (3) 1
Net (payments) proceeds on commercial paper and short-term debt (61) 988
Repayment of long-term debt (8) (249)
Purchase of treasury stock (163) (150)
Issuance of treasury stock 20 23
Dividends paid (205) (203)
Payments Related to Tax Withholding for Share-based Compensation (20) (24)
Other (50) (21)
Cash used for financing activities (490) 365
Effect of currency exchange rate changes on cash and cash equivalents 54 (17)
Net decrease in cash and cash equivalents (251) 294
Cash and cash equivalents, beginning of period 1,820 1,311
Cash and cash equivalents, end of period 1,569 1,605
Interest paid, net of amount capitalized 52 63
Taxes paid, net of refunds $ 326 $ 185