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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
4 Months Ended
Jun. 18, 2016
Jun. 20, 2015
Cash flows from operating activities    
Net earnings including noncontrolling interests $ 47 $ 64
Income from discontinued operations, net of tax 0 1
Net earnings from continuing operations 47 63
Adjustments to reconcile Net earnings from continuing operations to Net cash provided by operating activities – continuing operations:    
Asset impairment and other charges 1 0
Loss on debt extinguishment 7 0
Net gain on sale of assets and exits of surplus leases (1) 0
Depreciation and amortization 86 83
LIFO charge 2 3
Deferred income taxes 16 (14)
Stock-based compensation 4 7
Net pension and other postretirement benefits (income) expense (7) 11
Contributions to pension and other postretirement benefit plans (1) (37)
Other adjustments 4 9
Changes in operating assets and liabilities, net of effects from business acquisitions (37) (14)
Net cash provided by operating activities – continuing operations 121 111
Net cash provided by operating activities – discontinued operations 0 1
Net cash provided by operating activities 121 112
Cash flows from investing activities    
Proceeds from sale of assets 1 1
Purchases of property, plant and equipment (59) (49)
Payments for business acquisitions (3) (1)
Other 0 (21)
Net cash used in investing activities (61) (70)
Cash flows from financing activities    
Proceeds from issuance of debt 58 0
Proceeds from sale of common stock 0 2
Payments of debt and capital lease obligations (109) (17)
Payments for debt financing costs (5) (1)
Distributions to noncontrolling interests (2) (3)
Other 0 0
Net cash used in financing activities (58) (19)
Net increase in cash and cash equivalents 2 23
Cash and cash equivalents at beginning of period 57 114
Cash and cash equivalents at the end of period 59 137
The Company’s non-cash activities were as follows:    
Purchases of property, plant and equipment included in Accounts payable 20 17
Capital lease asset additions 7 0
Interest and income taxes paid:    
Interest paid, net of amounts capitalized 54 62
Income taxes paid, net $ 3 $ 4