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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities    
Net Income $ 72 $ 63
Adjustments to reconcile net income to cash used by operating activities —    
Depreciation and amortization of other intangibles 54 50
Deferred income taxes 3 (6)
Stock-based compensation 7 6
Changes in components of working capital —    
(Increase) decrease in receivables (160) (194)
(Increase) decrease in inventories (51) (59)
(Increase) decrease in prepayments and other current assets (19) (7)
Increase (decrease) in payables 56 77
Increase (decrease) in accrued taxes 15 12
Increase (decrease) in accrued interest 12 13
Increase (decrease) in other current liabilities (17) (2)
Changes in long-term assets 3 2
Changes in long-term liabilities (5) (3)
Other 1 (2)
Net cash used by operating activities (29) (50)
Investing Activities    
Proceeds from sale of assets 1 1
Cash payments for plant, property, and equipment (68) (77)
Cash payments for software related intangible assets (6) (5)
Changes in restricted cash (1) 3
Net cash used by investing activities (74) (78)
Financing Activities    
Issuance (Repurchase) of common shares (2) 0
Tax benefit from stock-based compensation 0 3
Retirement of long-term debt (4) (4)
Issuance of long-term debt 5 0
Purchase of common stock under the share repurchase program (16) (11)
Net increase (decrease) in bank overdrafts 7 (8)
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 193 111
Net increase (decrease) in short-term borrowings secured by accounts receivable 0 50
Net cash provided by financing activities 183 141
Effect of foreign exchange rate changes on cash and cash equivalents 7 (7)
Increase in cash and cash equivalents 87 6
Cash and cash equivalents, January 1 287 282
Cash and cash equivalents, March 31 (Note) 374 288
Supplemental Cash Flow Information    
Cash paid during the period for interest (net of interest capitalized) 6 4
Cash paid during the period for income taxes (net of refunds) 21 0
Non-cash Investing and Financing Activities    
Period end balance of trade payables for plant, property, and equipment $ 41 $ 34