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Condensed Consolidated Statement of Cash Flows - USD ($)
shares in Millions, $ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities:    
Net income attributable to controlling and noncontrolling interests $ 596 $ 715
Less: Income from discontinued operations (2) (6)
Income from continuing operations 594 709
Adjustments to reconcile net income to cash from operations:    
Depreciation and amortization 244 248
Pension expense 25 20
Environmental remediation charges, net 40 34
Business restructuring, net 173 83
Impairment of a non-manufacturing asset 0 9
Stock-based compensation expense 19 18
Equity affiliate loss, net of dividends (6) (6)
Deferred income tax benefit (7) (13)
Cash contributions to pension plans (6) (35)
Cash used for restructuring actions (23) (34)
Change in certain asset and liability accounts:    
Receivables (431) (626)
Inventories (97) (270)
Other current assets (70) (5)
Accounts payable and accrued liabilities 60 198
Taxes and interest payable (21) (130)
Noncurrent assets and liabilities, net (10) (30)
Other (10) (51)
Cash from operating activities - continuing operations 486 131
Cash used for operating activities - discontinued operations (4) 0
Cash from operating activities 482 131
Investing activities:    
Capital expenditures (133) (118)
Business acquisitions, net of cash balances acquired (361) (98)
Payments for the settlement of cross currency swap contracts (6) (17)
Proceeds from the settlement of cross currency swap 19 3
Other 24 13
Cash used for investing activities (457) (217)
Financing activities:    
Net change in borrowing with maturities of three months or less 6 11
Net proceeds/(payments) on commercial paper and short-term debt 470 (1)
Proceeds from the issuance of debt, net of discounts and fees 0 992
Repayment of long-term debt (2) (3)
Repayment of acquired debt (23) 0
Purchase of treasury stock (175) (1,063)
Issuance of treasury stock 22 10
Payments related to tax withholding on stock-based compensation awards (12) (13)
Other (27) (16)
Cash from/(used for) financing activities 32 (305)
Effect of currency exchange rate changes on cash and cash equivalents 4 (25)
Net decrease in cash and cash equivalents 61 (416)
Cash and cash equivalents, beginning of period 902 1,436
Cash and cash equivalents, end of period 963 1,020
Interest paid, net of amount capitalized 68 53
Taxes paid, net of refunds $ 194 $ 234
Reissuance of common stock for business acquisition 164 0
Retained Earnings    
Financing activities:    
Dividends paid $ (227) $ (222)