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CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities:      
Net earnings $ 202 $ 230 $ 158
Loss from discontinued operations 3 7 4
Non-cash charges (credits):      
Depreciation 387 375 323
Amortization of intangibles and other deferred items 101 103 86
Amortization of finance fees and debt discount 13 13 15
Deferred tax provision (benefit) (12) (4) 12
Pension expense 29 31 31
Restructuring, asset impairment and related charges 72 98 63
Pension settlement charges 218 98  
Impairment of equity investment   25  
Gain on China land sale   (71)  
Asbestos-related costs     16
Acquisition-related fair value inventory adjustments     22
Acquisition-related fair value intangible adjustments     10
Pension contributions (31) (38) (17)
Asbestos-related payments (110) (125) (138)
Cash paid for restructuring activities (62) (24) (38)
Change in components of working capital (89) 90 88
Other 3 (50) (23)
Cash provided by continuing operating activities 724 758 612
Cash utilized in discontinued operating activities (3) (7) (4)
Total cash provided by operating activities 721 751 608
Investing activities:      
Cash payments for property, plant and equipment (441) (454) (402)
Acquisitions, net of cash acquired (39) (56) (2,351)
Net cash proceeds related to sale of assets and other 14 85 1
Net foreign exchange derivative activity   8 4
Cash utilized in continuing investing activities (466) (417) (2,748)
Cash provided by discontinued investing activities 115    
Total cash utilized in investing activities (351) (417) (2,748)
Financing activities:      
Additions to long-term debt 1,458 1,235 4,538
Repayments of long-term debt (1,764) (1,453) (2,321)
Increase (decrease) in short-term loans (36) 10 51
Payment of finance fees (28) (9) (90)
Distributions paid to noncontrolling interests (17) (16) (22)
Treasury shares purchased     (100)
Issuance of common stock and other (5) 5 1
Cash provided by (utilized in) financing activities (392) (228) 2,057
Effect of exchange rate fluctuations on cash 22 (13) (30)
Increase (decrease) in cash   93 (113)
Cash and cash equivalents at beginning of period 492 399 512
Cash and cash equivalents at end of period $ 492 $ 492 $ 399