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CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities:      
Net earnings $ 230 $ 158 $ 192
Loss from discontinued operations 7 4 23
Non-cash charges (credits):      
Depreciation 375 323 335
Amortization of intangibles and other deferred items 103 86 83
Amortization of finance fees and debt discount 13 15 30
Deferred tax provision (benefit) (4) 12 (18)
Pension expense 31 31 43
Restructuring, asset impairment and related charges 98 63 76
Pension settlement charges 98   65
Impairment of equity investment 25    
Gain on China land sale (71)    
Non-income tax charge     69
Asbestos-related costs   16 46
Acquisition-related fair value inventory adjustments   22  
Acquisition-related fair value intangible adjustments   10  
Pension contributions (38) (17) (28)
Asbestos-related payments (125) (138) (148)
Cash paid for restructuring activities (24) (38) (58)
Change in components of working capital 90 88 117
Other (50) (23) (129)
Cash provided by continuing operating activities 758 612 698
Cash utilized in discontinued operating activities (7) (4) (23)
Total cash provided by operating activities 751 608 675
Investing activities:      
Additions to property, plant and equipment (454) (402) (369)
Acquisitions, net of cash acquired (56) (2,351) (114)
Net cash proceeds related to sale of assets and other 85 1 19
Net foreign exchange derivative activity 8 4  
Net activity for non-controlling partner loans     9
Cash utilized in investing activities (417) (2,748) (455)
Financing activities:      
Additions to long-term debt 1,235 4,538 1,247
Repayments of long-term debt (1,453) (2,321) (1,101)
Increase (decrease) in short-term loans 10 51 (139)
Payment of finance fees (9) (90) (11)
Distributions paid to noncontrolling interests (16) (22) (37)
Treasury shares purchased   (100) (32)
Issuance of common stock and other 5 1 3
Cash provided by (utilized in) financing activities (228) 2,057 (70)
Effect of exchange rate fluctuations on cash (13) (30) (21)
Increase (decrease) in cash 93 (113) 129
Cash and cash equivalents at beginning of period 399 512 383
Cash and cash equivalents at end of period $ 492 $ 399 $ 512