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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities      
Net income $ 303 $ 270 $ 222
Adjustments to reconcile net income to cash provided by operating activities —      
Depreciation and amortization of other intangibles 203 208 205
Deferred income taxes 0 (1) 5
Stock-based compensation 15 13 13
Loss on sale of assets 4 6 1
Changes in components of working capital —      
(Increase) decrease in receivables (90) (83) (88)
(Increase) decrease in inventories (36) (74) 3
(Increase) decrease in prepayments and other current assets 37 (81) (53)
Increase (decrease) in payables 90 94 161
Increase (decrease) in accrued taxes (1) 0 (10)
Increase (decrease) in accrued interest 1 (6) 0
Increase (decrease) in other current liabilities (10) 13 64
Change in long-term assets 3 12 7
Change in long-term liabilities (2) (13) (32)
Other 0 (17) 5
Net cash provided by operating activities 517 341 503
Investing Activities      
Proceeds from sale of assets 4 3 8
Cash payments for plant, property, and equipment (286) (328) (244)
Cash payments for software related intangible assets (23) (13) (25)
Cash payments for net assets purchased 0 (3) 0
Change in restricted cash 2 2 (5)
Net cash used by investing activities (303) (339) (266)
Financing Activities      
Retirement of long-term debt (37) (462) (16)
Issuance of long-term debt 1 570 0
Debt issuance costs of long-term debt (1) (12) 0
Purchase of common stock under the share repurchase program (213) (22) (27)
Issuance of common stock 6 19 20
Tax benefit from stock-based compensation 6 26 24
Increase (decrease) in bank overdrafts (22) 6 (6)
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 102 (70) (22)
Net increase (decrease) in short-term borrowings secured by accounts receivable 30 (10) (40)
Capital contribution from noncontrolling interest partner 0 5 0
Purchase of noncontrolling equity interest 0 0 (69)
Distribution to noncontrolling interest partners (44) (30) (39)
Net cash provided (used) by financing activities (172) 20 (175)
Effect of foreign exchange rate changes on cash and cash equivalents (37) (15) (10)
Increase in cash and cash equivalents 5 7 52
Cash and cash equivalents, January 1 282 [1] 275 [1] 223
Cash and cash equivalents, December 31 (Note) [1] 287 282 275
Supplemental Cash Flow Information      
Cash paid during the year for interest 68 93 79
Cash paid during the year for income taxes (net of refunds) 105 136 109
Non-cash Investing and Financing Activities      
Period end balance of trade payables for plant, property, and equipment $ 50 $ 41 $ 52
[1] Cash and cash equivalents include highly liquid investments with a maturity of three months or less at the date of purchase.