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Condensed Consolidated Statement of Cash Flows - USD ($)
shares in Millions, $ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities:    
Net income attributable to controlling and noncontrolling interests $ 969 $ 1,097
Less: Income from discontinued operations (3) (16)
Income from continuing operations 966 1,081
Adjustments to reconcile net income to cash from operations:    
Depreciation and amortization 377 370
Pension expense 38 30
Environmental remediation charges, net 61 34
Business restructuring, net 175 71
Impairment of a non-manufacturing asset 0 9
Stock-based compensation expense 28 21
Equity affiliate loss, net of dividends (4) (3)
Deferred income tax benefit (26) (5)
Cash contributions to pension plans (8) (89)
Cash used for restructuring actions (35) (48)
Change in certain asset and liability accounts:    
Receivables (188) (419)
Inventories (49) (285)
Other current assets (70) (5)
Accounts payable and accrued liabilities 35 102
Taxes and interest payable 59 51
Noncurrent assets and liabilities, net (52) (144)
Other (40) (90)
Cash from operating activities - continuing operations 1,275 687
Cash used for operating activities - discontinued operations (4) (20)
Cash from operating activities 1,271 667
Investing activities:    
Capital expenditures (224) (226)
Business acquisitions, net of cash balances acquired (564) (98)
Payments for the settlement of cross currency swap contracts (8) (23)
Proceeds from the settlement of cross currency swap 26 20
Other 22 16
Cash used for investing activities (748) (311)
Financing activities:    
Net change in borrowing with maturities of three months or less 6 5
Net payments on commercial paper and short-term debt 0 (1)
Proceeds from the issuance of debt, net of discounts and fees 595 992
Repayment of long-term debt (3) (5)
Repayment of acquired debt 23 0
Purchase of treasury stock (175) (1,313)
Issuance of treasury stock 32 14
Payments related to tax withholding on stock-based compensation awards (15) (14)
Other (29) (10)
Cash from/(used for) financing activities 41 (670)
Effect of currency exchange rate changes on cash and cash equivalents (34) (19)
Net increase/(decrease) in cash and cash equivalents 530 (333)
Cash and cash equivalents, beginning of period 902 1,436
Cash and cash equivalents, end of period 1,432 1,103
Interest paid, net of amount capitalized 93 68
Taxes paid, net of refunds $ 282 $ 320
Reissuance of common stock for business acquisition 164 0
Retained Earnings    
Financing activities:    
Dividends paid $ (347) $ (338)