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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash provided by operating activities:    
Net income $ 260 $ 254
Non-cash charges to net income:    
Depreciation and amortization 103 96
Charge for fair value markup of acquired inventory 9  
Other 49 65
Changes in working capital:    
Accounts receivable and prepaid expenses 7 (57)
Inventories (36) (36)
Accounts payable and accrued liabilities (92) (63)
Decrease in margin accounts 13 13
Other (11) (6)
Cash provided by operating activities 302 266
Cash used for investing activities:    
Capital expenditures, net of proceeds on disposals (144) (125)
Short-term investments (8) (14)
Payments for acquisitions (13)  
Other   (1)
Cash used for investing activities (165) (140)
Cash used for financing activities:    
Proceeds from borrowings 585 173
Payments on debt (592) (196)
Repurchase (Issuance) of common stock - net (128) 8
Dividends paid (including to non-controlling interests) (83) (69)
Cash used for financing activities (218) (84)
Effects of foreign exchange rate changes on cash 10 11
(Decrease) increase in cash and cash equivalents (71) 53
Cash and cash equivalents, beginning of period 512 434
Cash and cash equivalents, end of period $ 441 $ 487