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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities      
Net income $ 424 $ 295 $ 267
Adjustments to reconcile net income to cash provided by operating activities —      
Depreciation and amortization of other intangibles 212 203 208
Deferred income taxes (80) (2) (1)
Stock-based compensation 14 15 13
Loss on sale of assets 4 4 6
Changes in components of working capital —      
(Increase) decrease in receivables (215) (90) (83)
(Increase) decrease in inventories (57) (36) (74)
(Increase) decrease in prepayments and other current assets (8) 37 (81)
Increase (decrease) in payables 114 90 94
Increase (decrease) in accrued taxes 2 (1) 0
Increase (decrease) in accrued interest 12 1 (6)
Increase (decrease) in other current liabilities 26 (10) 13
Change in long-term assets 6 3 12
Change in long-term liabilities 33 8 (10)
Other 2 0 (17)
Net cash provided by operating activities 489 517 341
Investing Activities      
Proceeds from sale of assets 6 4 3
Cash payments for plant, property, and equipment (325) (286) (328)
Cash payments for software related intangible assets (20) (23) (13)
Cash payments for net assets purchased 0 0 (3)
Change in restricted cash (1) 2 2
Net cash used by investing activities (340) (303) (339)
Financing Activities      
Retirement of long-term debt (531) (37) (462)
Issuance of long-term debt 509 1 570
Debt issuance costs of long-term debt (9) (1) (12)
Purchase of common stock under the share repurchase program (225) (213) (22)
Issuance of common stock 18 6 19
Tax impact from stock-based compensation (10) 6 26
Increase (decrease) in bank overdrafts 10 (22) 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 202 102 (70)
Net increase (decrease) in short-term borrowings secured by accounts receivable 0 30 (10)
Capital contribution from noncontrolling interest partner 0 0 5
Distribution to noncontrolling interest partners (55) (44) (30)
Net cash provided (used) by financing activities (91) (172) 20
Effect of foreign exchange rate changes on cash and cash equivalents 2 (37) (15)
Increase in cash and cash equivalents 60 5 7
Cash and cash equivalents, January 1 287 [1] 282 [1] 275
Cash and cash equivalents, December 31 (Note) [1] 347 287 282
Supplemental Cash Flow Information      
Cash paid during the year for interest 76 68 93
Cash paid during the year for income taxes (net of refunds) 113 105 136
Non-cash Investing and Financing Activities      
Period end balance of trade payables for plant, property, and equipment $ 68 $ 50 $ 41
[1] Cash and cash equivalents include highly liquid investments with a maturity of three months or less at the date of purchase.