XML 40 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Millions, unless otherwise specified
4 Months Ended
Jun. 14, 2014
Jun. 15, 2013
Cash flows from operating activities    
Net earnings including noncontrolling interests $ 45 $ 88
(Loss) income from discontinued operations, net of tax (3) 190
Net earnings (loss) from continuing operations 48 (102)
Adjustments to reconcile Net earnings (loss) from continuing operations to Net cash provided by (used in) operating activities - continuing operations:    
Asset impairment and other charges 2 182
Net gain on sale of assets and exits of surplus leases (7) (4)
Depreciation and amortization 89 98
LIFO charge 2 0
Deferred income taxes 6 6
Stock-based compensation 7 12
Net pension and other postretirement benefits cost 9 25
Contributions to pension and other postretirement benefit plans (45) (72)
Other adjustments 6 12
Changes in operating assets and liabilities, net of effects from business acquisitions (60) (255)
Net cash provided by (used in) operating activities - continuing operations 57 (98)
Net cash used in operating activities - discontinued operations   (86)
Net cash provided by (used in) operating activities 57 (184)
Cash flows from investing activities    
Proceeds from sale of assets 4 3
Purchases of property, plant and equipment (37) (18)
Payments for business acquisitions (5)  
Other 6 1
Net cash used in investing activities - continuing operations (32) (14)
Net cash provided by investing activities - discontinued operations   101
Net cash (used in) provided by investing activities (32) 87
Cash flows from financing activities    
Proceeds from issuance of debt   1,989
Proceeds from sale of common stock 2 173
Payments of debt and capital lease obligations (13) (1,953)
Distributions to noncontrolling interests (4) (5)
Payments of debt financing costs (3) (145)
Other   2
Net cash (used in) provided by financing activities - continuing operations (18) 61
Net cash used in financing activities - discontinued operations   (37)
Net cash (used in) provided by financing activities (18) 24
Net increase (decrease) in cash and cash equivalents 7 (73)
Cash and cash equivalents at beginning of period 83 149
Cash and cash equivalents at the end of period 90 76
The Company's non-cash activities were as follows:    
Capital lease asset additions and related obligations   2
Purchases of property, plant and equipment included in Accounts payable 16 7
Interest and income taxes paid:    
Interest paid (net of amounts capitalized) 58 93
Income taxes paid (net of refunds) $ (3) $ 19