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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 (loss) income $ (90) $ 401 $ 424
Adjustments to reconcile net (loss) income to cash provided by operating activities:      
Depreciation and amortization 267 257 261
Amortization of deferred financing costs and issuance discount 8 0 0
Other operating charges and credits, net 7 18 13
Loss (gain) on sale of assets and businesses 9 (40) (7)
Equity in earnings of affiliates, net of dividends received of $23, $19 and $19 0 1 (1)
Deferred tax benefit (198) (22) (14)
Asset related charges 206 0 0
(Increase) decrease in operating assets:      
Accounts and notes receivable - trade, net (64) 4 (37)
Inventories and other operating assets 19 (29) (75)
Increase (decrease) in operating liabilities:      
Accounts payable and other operating liabilities 18 (85) 234
Cash provided by operating activities 182 505 798
Investing activities      
Purchases of property, plant and equipment (519) (604) (438)
Proceeds from sales of assets, net 12 32 14
Foreign exchange contract settlements 42 0 0
Investment in affiliates (32) (8) 0
Other investing activities 0 20 0
Cash used for investing activities (497) (560) (424)
Financing activities      
Proceeds from issuance of debt, net 3,491 0 0
Debt repayments (10) 0 0
Dividends paid (105) 0 0
Debt issuance costs (79) 0 0
Cash provided at separation by DuPont 247 0 0
Net transfers (to) from DuPont (2,857) 55 (374)
Cash provided by (used for) financing activities 687 55 (374)
Effect of exchange rate changes on cash (6) 0 0
Increase in cash 366 0 0
Cash at beginning of year 0 0 0
Cash at end of year 366 0 0
Cash paid during the year for:      
Interest, net of amounts capitalized 103 0 0
Income taxes, net of refunds 53 0 0
Non-cash change in property, plant and equipment included in accounts payable $ 45 $ (11) $ 0