XML 38 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED CASH FLOWS (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net earnings $ 359 $ 286
Loss from discontinued operations 4 2
Non-cash charges (credits):    
Depreciation 287 308
Amortization of intangibles and other deferred items 25 13
Amortization of finance fees and debt discount 24 24
Pension expense 69 69
Restructuring and asset impairment 33 41
Other 23 32
Pension contributions (76) (43)
Asbestos-related payments (86) (102)
Cash paid for restructuring activities (47) (27)
Change in non-current assets and liabilities (59) (87)
Change in components of working capital (325) (235)
Cash provided by continuing operating activities 231 281
Cash utilized in discontinued operating activities (4) (1)
Total cash provided by operating activities 227 280
Cash flows from investing activities:    
Additions to property, plant and equipment (178) (204)
Acquisitions, net of cash acquired (5) (148)
Net cash proceeds related to sale of assets and other 49 1
Proceeds from collection of minority partner loan 9  
Cash utilized in investing activities (125) (351)
Cash flows from financing activities:    
Additions to long-term debt 119 1,560
Repayments of long-term debt (275) (1,849)
Increase (decrease) in short-term loans (11) 40
Net receipts (payments) for hedging activity 25 (22)
Payment of finance fees   (18)
Dividends paid to noncontrolling interests (24) (32)
Treasury shares purchased (14)  
Issuance of common stock and other 1 5
Cash utilized in financing activities (179) (316)
Effect of exchange rate fluctuations on cash 13 3
Decrease in cash (64) (384)
Cash at beginning of period 400 640
Cash at end of period $ 336 $ 256