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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net earnings $ 337 $ 498
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:    
Depreciation and amortization 319 332
Changes in assets and liabilities:    
Accounts receivable (179) (248)
Inventories (522) (528)
Accounts payable 175 (98)
Accrued advertising and promotions (108) (112)
Accrued expenses and current liabilities (78) (9)
Taxes deferred and payable, net (84) (132)
Accrued pension and postretirement benefits (35) (32)
Employee compensation (2) (48)
Other (14) (27)
Cash used in operating activities (191) (404)
Investing activities    
Capital expenditures (210) (206)
Proceeds from sale of assets and business 4 51
Change in restricted cash 41 12
Investment in related businesses (32) (8)
Other (5) (1)
Cash used in investing activities (202) (152)
Financing activities    
Proceeds from borrowings of long-term debt 0 491
Repayments of long-term debt (260) (257)
Net proceeds from short-term borrowings 1,052 968
Dividends paid (155) (145)
Repurchase of common stock (350) (325)
Common stock issued 32 10
Other (6) 0
Cash provided by financing activities 313 742
Effect of exchange rate changes on cash and cash equivalents 36 1
Increase (decrease) in cash and cash equivalents (44) 187
Cash and cash equivalents at beginning of period 1,085 772
Cash and cash equivalents at end of period $ 1,041 $ 959