XML 87 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net earnings (loss) $ 1,198 $ (159) $ 337
Adjustments to reconcile net earnings (loss) to cash provided by (used in) operating activities:      
Depreciation and amortization 587 645 654
Impairment of goodwill and other intangibles 0 747 0
(Gain) loss on sale and disposal of businesses (437) 0 0
Changes in assets and liabilities:      
Accounts receivable (87) 79 160
Inventories (39) 73 (229)
Accounts payable 140 210 180
Accrued advertising and promotions 118 12 76
Accrued expenses and current liabilities 22 162 (230)
Taxes deferred and payable, net (116) (67) 239
Accrued pension and postretirement benefits (81) (434) (58)
Employee compensation 106 44 36
Other (181) (83) 99
Cash provided by operating activities 1,230 1,229 1,264
Investing activities      
Capital expenditures (532) (590) (684)
Proceeds from sale of assets and business 1,174 160 61
Purchase of held-to-maturity securities 0 0 (173)
Proceeds from held-to-maturity securities 0 60 113
Investment in related businesses 0 (25) (35)
Other (6) (4) (3)
Cash provided by (used in) investing activities 636 (399) (721)
Financing activities      
Net proceeds from borrowings of long-term debt 700 705 691
Repayments of long-term debt (949) (386) (564)
Net proceeds (repayments) from short-term borrowings (723) 653 367
Dividends paid (305) (306) (312)
Repurchase of common stock (148) (1,153) (750)
Purchase of noncontrolling interest shares 0 (41) (5)
Common stock issued 8 17 34
Other (7) (7) (14)
Cash used in financing activities (1,424) (518) (553)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (28) (67) 63
Increase in cash, cash equivalents and restricted cash 414 245 53
Cash, cash equivalents and restricted cash at beginning of year 1,538 1,293 1,240
Cash, cash equivalents and restricted cash at end of year 1,952 1,538 1,293
Supplemental disclosure of cash flow information      
Cash paid for interest 194 183 181
Cash paid for income taxes $ 469 $ 206 $ 311