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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
Net earnings $ 337 $ 928 $ 822
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:      
Depreciation and amortization 654 655 668
Curtailment gain 0 0 (63)
Changes in assets and liabilities:      
Accounts receivable 160 (291) (89)
Inventories (229) (18) (141)
Accounts payable 180 37 14
Accrued advertising and promotions 76 46 74
Accrued expenses and current liabilities (230) 46 (43)
Taxes deferred and payable, net 239 (116) (42)
Accrued pension and postretirement benefits (58) (43) (129)
Employee compensation 36 (38) 8
Other 99 (3) 146
Cash provided by operating activities 1,264 1,203 1,225
Investing activities      
Capital expenditures (684) (660) (689)
Proceeds from sale of assets and business 61 63 37
Change in restricted cash 66 24 47
Purchase of held to maturity securities (173) 0 0
Proceeds from held to maturity securities 113 0 0
Investment in related businesses (35) (12) (70)
Other (3) (3) (6)
Cash used in investing activities (655) (588) (681)
Financing activities      
Proceeds from borrowings of long-term debt 691 1,012 531
Repayments of long-term debt (564) (522) (283)
Net proceeds from short-term borrowings 367 55 (465)
Dividends paid (312) (294) (269)
Repurchase of common stock (750) (525) (250)
Purchase of noncontrolling interest shares (5) (25) 0
Common stock issued 34 26 38
Other (14) (5) (9)
Cash used in financing activities (553) (278) (707)
Effect of exchange rate changes on cash and cash equivalents 55 (24) (91)
Increase (decrease) in cash and cash equivalents 111 313 (254)
Cash and cash equivalents at beginning of year 1,085 772 1,026
Cash and cash equivalents at end of year 1,196 1,085 772
Supplemental disclosure of cash flow information      
Cash paid for interest 181 198 178
Cash paid for income taxes $ 311 $ 300 $ 251