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Supplemental Cash Flow Information
 12 Months Ended
Dec. 31, 2016
Supplemental Cash Flow Information  
Supplemental Cash Flow Information

18.  Supplemental Cash Flow Information

Changes in the components of working capital related to operations (net of the effects related to acquisitions and divestitures) were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

    

2016

    

2015

    

2014

 

Decrease (increase) in current assets:

 

 

 

 

 

 

 

 

 

 

Receivables

 

$
(32)

 

$
(14)

 

$
59

 

Inventories

 

 
16

 

 
(13)

 

 
(26)

 

Prepaid expenses and other

 

 
145

 

 
(4)

 

 
(1)

 

Increase (decrease) in current liabilities:

 

 

 

 

 

 

 

 

 

 

Accounts payable

 

 
(58)

 

 
100

 

 
103

 

Accrued liabilities

 

 
(31)

 

 
21

 

 
12

 

Salaries and wages

 

 
32

 

 
12

 

 
(3)

 

U.S. and foreign income taxes

 

 
18

 

 
(14)

 

 
(27)

 

 

 

$
90

 

$
88

 

$
117

 

The Company uses various factoring programs to sell certain receivables to financial institutions as part of managing its cash flows. At December 31, 2016 and 2015, the amount of receivables sold by the Company was $318 million and $317 million, respectively. Any continuing involvement with the sold receivables is immaterial.

 

 

 

 

 

 

 

 

 

 

 

 

    

2016

    

2015

    

2014

 

Interest paid in cash

 

$
261

 

$
227

 

$
199

 

Income taxes paid in cash (all non-U.S)

 

 
99

 

 
101

 

 
101

 

Cash interest for the years ended December 31, 2016, 2015 and 2014 includes $9 million, $32 million and $9 million of note repurchase premiums, respectively.