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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities:    
Net income attributable to controlling and noncontrolling interests $ 340 $ 342
Less: Income from discontinued operations (6) (6)
Income from continuing operations 334 336
Adjustments to reconcile net income to cash from operations:    
Depreciation and amortization 123 110
Pension expense 10 18
Pension settlement charge 0 22
Environmental remediation charge 34 0
Stock-based compensation expense 9 9
Equity affiliate earnings, net of distributions received (4) (1)
Deferred income tax benefit (5) 6
Cash contributions to pension plans (30) (34)
Cash used for restructuring actions (17) (10)
Change in certain asset and liability accounts:    
Receivables (373) (296)
Inventories (202) (157)
Other current assets (46) (47)
Accounts payable and accrued liabilities 74 62
Taxes and interest payable (45) (82)
Noncurrent assets and liabilities, net (75) 39
Other (15) 24
Cash used for operating activities - continuing operations (228) (1)
Cash from operating activities - discontinued operations 0 10
Cash (used for) from operating activities (228) 9
Investing activities:    
Capital expenditures (75) (63)
Business acquisitions, net of cash balances acquired (96) (61)
Proceeds from hedge, investing activities 0 19
Payments for the settlement of cross currency swap contracts (13) (34)
Other 6 2
Cash used for investing activities - continuing operations (178) (137)
Cash used for investing activities - discontinued operations 0 (1)
Cash used for investing activities (178) (138)
Financing activities:    
Net change in borrowing with maturities of three months or less 7 (7)
Net payments on commercial paper and short-term debt 0 (32)
Proceeds from Other Debt 992 0
Repayment of long-term debt (1) (7)
Purchase of treasury stock (600) (163)
Issuance of treasury stock 9 9
Dividends paid (112) (103)
Payments Related to Tax Withholding for Share-based Compensation (13) (16)
Other 13 (53)
Cash from (used for) financing activities 295 (372)
Effect of currency exchange rate changes on cash and cash equivalents 21 30
Net decrease in cash and cash equivalents (90) (471)
Cash and cash equivalents, beginning of period 1,436 1,820
Cash and cash equivalents, end of period 1,346 1,349
Interest paid, net of amount capitalized 24 23
Taxes paid, net of refunds $ 118 $ 90