XML 101 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Consolidated net income $ 860 $ 1,009 $ 1,002
Adjustments to reconcile consolidated net income to net cash provided by operating activities:      
Depreciation and amortization 1,297 1,229 1,194
Deferred income tax provision 67 198 154
Interest accretion on landfill liabilities 84 84 82
Interest accretion on and discount rate adjustments to environmental remediation liabilities and recovery assets 6 23 8
Provision for bad debts 57 44 41
Equity-based compensation expense 29 45 36
Excess tax benefits associated with equity-based transactions (11) (8) (9)
Net gain on disposal of assets (21) (24) (22)
Effect of (income) expense from divestitures, asset impairments and unusual items and other 99 10 (1)
Equity in net losses of unconsolidated entities, net of dividends 46 31 20
Change in operating assets and liabilities, net of effects of acquisitions and divestitures:      
Receivables (131) (110) (159)
Other current assets (50) (23) 47
Other assets 105 28 (3)
Accounts payable and accrued liabilities (57) 65 (57)
Deferred revenues and other liabilities (85) (132) (58)
Net cash provided by operating activities 2,295 2,469 2,275
Cash flows from investing activities:      
Acquisitions of businesses, net of cash acquired (250) (867) (407)
Capital expenditures (1,510) (1,324) (1,104)
Proceeds from divestitures of businesses (net of cash divested) and other sales of assets 44 36 44
Net receipts from restricted trust and escrow accounts 14 107 48
Investments in unconsolidated entities (77) (155) (173)
Other (51) 18 (14)
Net cash provided by investing activities (1,830) (2,185) (1,606)
Cash flows from financing activities:      
New borrowings 1,180 1,201 908
Debt repayments (1,058) (503) (1,112)
Common stock repurchases   (575) (501)
Cash dividends (658) (637) (604)
Exercise of common stock options 43 45 54
Excess tax benefits associated with equity-based transactions 11 8 9
Distributions paid to noncontrolling interests (46) (59) (45)
Other (2) (46) 18
Net cash used in financing activities (530) (566) (1,273)
Effect of exchange rate changes on cash and cash equivalents 1 1 3
Increase (decrease) in cash and cash equivalents (64) (281) (601)
Cash and cash equivalents at beginning of year 258 539 1,140
Cash and cash equivalents at end of year $ 194 $ 258 $ 539