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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating Activities        
Net Income $ 197 $ 66 $ 372 $ 220
Adjustments to reconcile net income to cash provided by operating activities —        
Depreciation and amortization of other intangibles 53 53 159 154
Deferred income taxes (86) 12 (73) (1)
Stock-based compensation 3 4 13 13
Loss on sale of assets 1 1 2 2
Changes in components of working capital —        
(Increase) decrease in receivables (10) (17) (189) (237)
(Increase) decrease in inventories (12) (19) (61) (65)
(Increase) decrease in prepayments and other current assets (34) (1) (69) (4)
Increase (decrease) in payables (7) 7 55 70
Increase (decrease) in accrued taxes 1 (29) 10 (7)
Increase (decrease) in accrued interest 9 12 9 13
Increase (decrease) in other current liabilities 10 13 (7) 31
Changes in long-term assets 1 0 5 1
Changes in long-term liabilities 11 2 9 0
Other 2 2 4 (2)
Net cash provided by operating activities 139 106 239 188
Investing Activities        
Proceeds from sale of assets 1 1 4 3
Cash payments for plant, property, and equipment (74) (71) (213) (221)
Cash payments for software related intangible assets (6) (5) (15) (13)
Changes in restricted cash 1 0 (1) 1
Net cash used by investing activities (78) (75) (225) (230)
Financing Activities        
Issuance of common shares 7 0 11 5
Tax impact from stock-based compensation (11) (5) (10) 1
Retirement of long-term debt (179) (4) (527) (25)
Issuance of long-term debt 2 1 508 1
Debt issuance cost of long-term debt 0 0 (8) (1)
Purchase of common stock under the share repurchase program (89) (114) (146) (158)
Net increase (decrease) in bank overdrafts (1) (10) 4 (21)
Net increase in revolver borrowings and short-term debt excluding current maturities of long-term debt and short-term borrowings secured by accounts receivable 198 138 223 223
Net increase (decrease) in short-term borrowings secured by accounts receivable 50 (20) 20 30
Distributions to noncontrolling interest partners (28) (22) (55) (44)
Net cash provided (used) by financing activities (51) (36) 20 11
Effect of foreign exchange rate changes on cash and cash equivalents 3 (25) 3 (31)
Increase (decrease) in cash and cash equivalents 13 (30) 37 (62)
Cash and cash equivalents, July 1 and January 1, respectively 311 250 287 282
Cash and cash equivalents, September 30 (Note) 324 220 324 220
Supplemental Cash Flow Information        
Cash paid during the period for interest (net of interest capitalized) 14 5 62 38
Cash paid during the period for income taxes (net of refunds) 30 44 88 79
Non-cash Investing and Financing Activities        
Period end balance of trade payables for plant, property, and equipment $ 51 $ 37 $ 51 $ 37