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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash provided by operating activities    
Net income $ 143 $ 127
Non-cash charges to net income:    
Depreciation and amortization 54 51
Mechanical stores expense 15 15
Deferred income taxes 8 (4)
Charge for fair value markup of acquired inventory   5
Other 8 12
Changes in working capital:    
Accounts receivable and prepaid expenses (56) 12
Inventories (21) (40)
Accounts payable and accrued liabilities (57) (48)
Margin accounts 16 6
Other 40 (5)
Cash provided by operating activities 150 131
Cash used for investing activities    
Capital expenditures and mechanical stores purchases, net proceeds on disposals (95) (72)
Payments for acquisitions   (13)
Short-term investments 3 (8)
Other 6  
Cash used for investing activities (86) (93)
Cash used for financing activities    
Proceeds from borrowings 46 108
Payments on debt (258) (55)
Repurchases of common stock   (123)
Issuances of common stock for share-based compensation, net of settlements (3) (7)
Dividends paid, including to non-controlling interests (46) (44)
Cash used for financing activities (261) (121)
Effects of foreign exchange rate changes on cash 3 6
Decrease in cash and cash equivalents (194) (77)
Cash and cash equivalents, beginning of period 595 512
Cash and cash equivalents, end of period $ 401 $ 435