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CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities:      
Net earnings $ 282 $ 202 $ 230
Loss (gain) from discontinued operations (113) 3 7
Non-cash charges (credits):      
Depreciation 388 387 375
Amortization of intangibles and other deferred items 106 101 103
Amortization of finance fees and debt discount 13 13 13
Deferred tax provision (benefit) (9) (12) (4)
Pension expense 32 29 31
Restructuring, asset impairment and related charges 92 72 98
Pension settlement charges 74 218 98
Asbestos-related costs 125    
Impairment of equity investment     25
Gain on China land sale     (71)
Pension contributions (34) (31) (38)
Asbestos-related payments (105) (110) (125)
Cash paid for restructuring activities (32) (62) (24)
Change in components of working capital 15 (89) 90
Other, net (41) 3 (50)
Cash provided by continuing operating activities 793 724 758
Cash utilized in discontinued operating activities (2) (3) (7)
Total cash provided by operating activities 791 721 751
Investing activities:      
Cash payments for property, plant and equipment (536) (441) (454)
Acquisitions, net of cash acquired (175) (39) (56)
Net cash proceeds on disposal of assets 11 14 85
Net foreign exchange derivative activity 2   8
Cash utilized in continuing investing activities (698) (466) (417)
Cash provided by discontinued investing activities   115  
Total cash utilized in investing activities (698) (351) (417)
Financing activities:      
Additions to long-term debt 2,511 1,458 1,235
Repayments of long-term debt (2,353) (1,764) (1,453)
Increase (decrease) in short-term loans (18) (36) 10
Payment of finance fees (13) (28) (9)
Distributions paid to noncontrolling interests (22) (17) (16)
Treasury shares repurchased (163)    
Issuance of common stock and other 5 (5) 5
Cash utilized in financing activities (53) (392) (228)
Effect of exchange rate fluctuations on cash (20) 22 (13)
Increase in cash 20   93
Cash and cash equivalents at beginning of period 492 492 399
Cash and cash equivalents at end of period $ 512 $ 492 $ 492