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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating Activities        
Net Income $ 91 $ 91 $ 154 $ 145
Adjustments to reconcile net income to cash provided (used) by operating activities —        
Depreciation and amortization of other intangibles 51 52 101 103
Deferred income taxes (7) (3) (13) (1)
Stock-based compensation 3 3 9 8
Loss on sale of assets 1 1 1 2
Changes in components of working capital —        
(Increase) decrease in receivables (26) (69) (220) (303)
(Increase) decrease in inventories 13 (23) (46) (104)
(Increase) decrease in prepayments and other current assets 4 (14) (3) (52)
Increase (decrease) in payables (14) 73 63 160
Increase (decrease) in accrued taxes 10 (5) 22 0
Increase (decrease) in accrued interest (12) (4) 1 0
Increase (decrease) in other current liabilities 20 11 18 24
Changes in long-term assets (1) 0 1 1
Changes in long-term liabilities 1 3 (2) (10)
Other (2) (2) (4) 1
Net cash provided (used) by operating activities 132 114 82 (26)
Investing Activities        
Proceeds from the sale of assets 1 0 2 0
Cash payments for plant, property, and equipment (73) (84) (150) (167)
Cash payments for software related intangible assets (3) (2) (8) (9)
Changes in restricted cash (2) 1 1 0
Net cash used by investing activities (77) (85) (155) (176)
Financing Activities        
Issuance (repurchase) of common shares 5 1 5 (1)
Tax benefit from stock-based compensation 3 5 6 17
Retirement of long-term debt (17) (7) (21) (10)
Issuance of long-term debt 0 45 0 45
Debt issuance cost of long-term debt (1) 0 (1) 0
Purchase of common stock under the share repurchase program (33) 0 (44) 0
Net decrease in bank overdrafts (3) (5) (11) (1)
Net increase (decrease) in revolver borrowings and short-term debt excluding current maturities of long-term debt and short-term borrowings secured by accounts receivable (26) (30) 85 167
Net increase (decrease) in short-term borrowings secured by accounts receivable 0 (30) 50 (10)
Capital contribution from noncontrolling interest partner 0 4 0 5
Distributions to noncontrolling interest partners (22) (23) (22) (23)
Net cash provided (used) by financing activities (94) (40) 47 189
Effect of foreign exchange rate changes on cash and cash equivalents 1 4 (6) (2)
Decrease in cash and cash equivalents (38) (7) (32) (15)
Cash and cash equivalents, April 1 and January 1, respectively 288 267 282 275
Cash and cash equivalents, June 30 (Note) 250 260 250 260
Supplemental Cash Flow Information        
Cash paid during the period for interest 29 24 33 38
Cash paid during the period for income taxes (net of refunds) 35 53 35 74
Non-cash Investing and Financing Activities        
Period end balance of trade payables for plant, property, and equipment $ 41 $ 39 $ 41 $ 39