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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities:    
Net income attributable to controlling and noncontrolling interests $ 1,097 $ 1,459
Less: Income from discontinued operations (16) (222)
Income from continuing operations 1,081 1,237
Adjustments to reconcile net income to cash from operations:    
Depreciation and amortization 370 340
Pension expense 30 52
Pension settlement charge 0 22
Environmental remediation charges 34 0
Business restructuring charge 71 0
Impairment of a non-manufacturing asset 9 0
Stock-based compensation expense 21 26
Gain from the sale of a business 0 (25)
Equity affiliate loss, net of dividends (3) 0
Deferred income tax benefit (5) (53)
Cash contributions to pension plans (89) (43)
Cash used for restructuring actions (48) (31)
Change in certain asset and liability accounts:    
Receivables (419) (350)
Inventories (285) (200)
Other current assets (5) (40)
Accounts payable and accrued liabilities 102 229
Taxes and interest payable 51 (115)
Noncurrent assets and liabilities, net (144) (102)
Other (90) 71
Cash from operating activities - continuing operations 687 1,018
Cash (used for) from operating activities - discontinued operations (20) 14
Cash from operating activities 667 1,032
Investing activities:    
Capital expenditures (226) (207)
Business acquisitions, net of cash balances acquired (98) (69)
Payments for acquisition of equity investment 0 (100)
Proceeds from the disposition of a business 0 593
Payments for the settlement of cross currency swap contracts (23) (34)
Proceeds from the settlement of cross currency swap and foreign currency contracts 20 37
Other 16 0
Cash (used for) from investing activities - continuing operations (311) 220
Cash used for investing activities - discontinued operations 0 (4)
Cash (used for) from investing activities (311) 216
Financing activities:    
Net change in borrowing with maturities of three months or less 5 (6)
Net payments on commercial paper and short-term debt (1) (81)
Proceeds from the issuance of debt, net of discounts and fees 992 0
Repayment of long-term debt (5) (9)
Purchase of treasury stock (1,313) (413)
Issuance of treasury stock 14 45
Dividends paid (338) (321)
Payments related to tax withholding on stock-based compensation awards (14) (25)
Other (10) (41)
Cash used for financing activities (670) (851)
Effect of currency exchange rate changes on cash and cash equivalents (19) 70
Net (decrease) increase in cash and cash equivalents (333) 467
Cash and cash equivalents, beginning of period 1,436 1,820
Cash and cash equivalents, end of period 1,103 2,287
Interest paid, net of amount capitalized 68 60
Taxes paid, net of refunds $ 320 $ 481