XML 18 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities:    
Net income attributable to controlling and noncontrolling interests $ 715 $ 843
Less: Income from discontinued operations (6) (5)
Income from continuing operations 709 838
Adjustments to reconcile net income to cash from operations:    
Depreciation and amortization 248 223
Pension expense 20 34
Pension settlement charge 0 22
Environmental remediation charges 34 0
Business restructuring charge 83 0
Impairment of a non-manufacturing asset 9 0
Stock-based compensation expense 18 17
Gain from the sale of a business 0 (25)
Equity affiliate loss, net of dividends (6) (3)
Deferred income tax benefit (13) (40)
Cash contributions to pension plans (35) (37)
Cash used for restructuring actions (34) (20)
Change in certain asset and liability accounts:    
Receivables (626) (406)
Inventories (270) (185)
Other current assets (5) (49)
Accounts payable and accrued liabilities 198 147
Taxes and interest payable (130) (128)
Noncurrent assets and liabilities, net (30) (14)
Other (51) 52
Cash from operating activities - continuing operations 131 432
Cash from operating activities - discontinued operations 0 14
Cash from operating activities 131 446
Investing activities:    
Capital expenditures (118) (135)
Business acquisitions, net of cash balances acquired (98) (62)
Payments for acquisition of equity investment 0 (100)
Proceeds from the disposition of a business 0 52
Payments for the settlement of cross currency swap contracts (17) (34)
Proceeds from the settlement of cross currency swap and foreign currency contracts 3 19
Other 13 2
Cash used for investing activities - continuing operations (217) (258)
Cash used for investing activities - discontinued operations 0 (3)
Cash used for investing activities (217) (261)
Financing activities:    
Net change in borrowing with maturities of three months or less 11 (3)
Net payments on commercial paper and short-term debt (1) (61)
Proceeds from the issuance of debt, net of discounts and fees 992 0
Repayment of long-term debt (3) (8)
Purchase of treasury stock (1,063) (163)
Issuance of treasury stock 10 20
Dividends paid (222) (205)
Payments related to tax withholding on stock-based compensation awards (13) (20)
Other (16) (50)
Cash used for financing activities (305) (490)
Effect of currency exchange rate changes on cash and cash equivalents (25) 54
Net decrease in cash and cash equivalents (416) (251)
Cash and cash equivalents, beginning of period 1,436 1,820
Cash and cash equivalents, end of period 1,020 1,569
Interest paid, net of amount capitalized 53 52
Taxes paid, net of refunds $ 234 $ 326