XML 18 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statement of Cash Flows - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities:    
Net income attributable to controlling and noncontrolling interests $ 317 $ 340
Less: Income from discontinued operations 0 (6)
Income from continuing operations 317 334
Adjustments to reconcile net income to cash from operations:    
Depreciation and amortization 118 123
Pension expense 12 10
Environmental remediation charges 10 34
Release of business restructuring reserves (3) 0
Stock-based compensation expense 9 9
Equity affiliate earnings, net of dividends 4 4
Deferred income tax benefit (32) (5)
Cash contributions to pension plans (3) (30)
Cash used for restructuring actions (15) (17)
Change in certain asset and liability accounts:    
Receivables (299) (373)
Inventories (152) (202)
Other current assets (56) (46)
Accounts payable and accrued liabilities (24) 74
Taxes and interest payable 42 (45)
Noncurrent assets and liabilities, net (22) (75)
Other 36 (15)
Cash used for operating activities (66) (228)
Investing activities:    
Capital expenditures (47) (75)
Business acquisitions, net of cash balances acquired (57) (96)
Payments for the settlement of cross currency swap contracts (6) (13)
Proceeds from the settlement of cross currency swap 16 0
Other 8 6
Cash used for investing activities (86) (178)
Financing activities:    
Net change in borrowing with maturities of three months or less 9 7
Proceeds from commercial paper 300 0
Proceeds from the issuance of debt, net of discounts and fees 0 992
Repayment of long-term debt (1) (1)
Purchase of treasury stock (175) (600)
Issuance of treasury stock 7 9
Payments related to tax withholding on stock-based compensation awards (8) (13)
Other 13 13
Cash from financing activities 32 295
Effect of currency exchange rate changes on cash and cash equivalents 2 21
Net decrease in cash and cash equivalents (118) (90)
Cash and cash equivalents, beginning of period 902 1,436
Cash and cash equivalents, end of period 784 1,346
Interest paid, net of amount capitalized 40 24
Taxes paid, net of refunds $ 94 $ 118
Noncash or Part Noncash Acquisition, Noncash Financial or Equity Instrument Consideration, Shares Issued 164 0
Dividends, Common Stock, Cash $ 113 $ 112