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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net earnings (loss) $ (159) $ 337 $ 928
Adjustments to reconcile net earnings (loss) to cash provided by (used in) operating activities:      
Depreciation and amortization 645 654 655
Impairment of goodwill and other intangibles 747 0 0
Changes in assets and liabilities:      
Accounts receivable 79 160 (291)
Inventories 73 (229) (18)
Accounts payable 210 180 37
Accrued advertising and promotions 12 76 46
Accrued expenses and current liabilities 162 (230) 46
Taxes deferred and payable, net (67) 239 (116)
Accrued pension and postretirement benefits (434) (58) (43)
Employee compensation 44 36 (38)
Other (83) 99 (3)
Cash provided by operating activities 1,229 1,264 1,203
Investing activities      
Capital expenditures (590) (684) (660)
Proceeds from sale of assets and business 160 61 63
Purchase of held-to-maturity securities 0 (173) 0
Proceeds from held-to-maturity securities 60 113 0
Investment in related businesses (25) (35) (12)
Other (4) (3) (3)
Cash used in investing activities (399) (721) (612)
Financing activities      
Proceeds from borrowings of long-term debt 705 691 1,012
Repayments of long-term debt (386) (564) (522)
Net proceeds from short-term borrowings 653 367 55
Dividends paid (306) (312) (294)
Repurchase of common stock (1,153) (750) (525)
Purchase of noncontrolling interest shares (41) (5) (25)
Common stock issued 17 34 26
Other (7) (14) (5)
Cash used in financing activities (518) (553) (278)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (67) 63 (36)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 245 53 277
Cash, cash equivalents and restricted cash at beginning of year 1,293 1,240 963
Cash, cash equivalents and restricted cash at end of year 1,538 1,293 1,240
Supplemental disclosure of cash flow information      
Cash paid for interest 183 181 198
Cash paid for income taxes $ 206 $ 311 $ 300