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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities:        
Net income $ 182 $ 186 $ 394 $ 380
(Income) loss from discontinued operations, net of tax (3) (8) 3 65
Income from continuing operations 179 178 397 445
Adjustments required to reconcile net income to cash flows from operating activities:        
Depreciation and amortization 131 140 399 426
Provision for receivables 15 15 38 39
Provision for inventory 9 6 21 21
Net gain on sales of businesses and assets (13) (3) (14) (20)
Undistributed equity in net income of unconsolidated affiliates (26) (37) (56) (66)
Stock-based compensation 14 14 39 31
Restructuring and asset impairment charges 35 13 178 154
Payments for restructurings (42) (38) (169) (83)
Defined benefit pension cost 34 32 133 108
Contributions to defined benefit pension plans (671) (34) (717) (102)
Increase in accounts receivable and billed portion of finance receivables (34) (13) (174) (173)
Collections of deferred proceeds from sales of receivables 58 58 157 191
Increase in inventories (99) (12) (187) (104)
Increase in equipment on operating leases (53) (74) (155) (204)
Decrease in finance receivables 75 53 209 138
Collections on beneficial interest from sales of finance receivables 2 5 13 20
(Increase) decrease in other current and long-term assets (3) 20 (46) 29
Decrease in accounts payable and accrued compensation (4) (84) (4) (250)
Increase (decrease) in other current and long-term liabilities 44 32 47 (82)
Net change in income tax assets and liabilities 0 (151) (36) (173)
Net change in derivative assets and liabilities (9) 49 90 0
Other operating, net (25) 41 (13) 211
Net cash (used in) provided by operating activities of continuing operations (383) 210 150 556
Net cash (used in) provided by operating activities of discontinued operations (2) 160 (97) (34)
Net cash (used in) provided by operating activities (385) 370 53 522
Cash Flows from Investing Activities:        
Cost of additions to land, buildings and equipment (15) (19) (45) (65)
Proceeds from sales of land, buildings and equipment 1 3 2 23
Cost of additions to internal use software (8) (10) (25) (34)
Proceeds from sale of businesses 20 0 20 0
Acquisitions, net of cash acquired 0 1 (76) (17)
Other investing, net (2) 2 8 6
Net cash used in investing activities of continuing operations (4) (23) (116) (87)
Net cash used in investing activities of discontinued operations 0 (46) 0 (174)
Net cash used in investing activities (4) (69) (116) (261)
Cash Flows from Financing Activities:        
Net proceeds on short-term debt 0 2 1 1,000
Proceeds from issuance of long-term debt 1,001 5 1,006 14
Payments on long-term debt (13) (8) (1,343) (973)
Common stock dividends (65) (79) (210) (228)
Preferred stock dividends (3) (6) (13) (18)
Proceeds from issuances of common stock 0 3 0 6
Repurchases related to stock-based compensation (7) 0 (15) 0
Payments to noncontrolling interests (5) (1) (17) (13)
Proceeds from Conduent 0 0 161 0
Other financing 0 0 0 (1)
Net cash provided by (used in) financing activities 908 (84) (430) (213)
Effect of exchange rate changes on cash and cash equivalents 16 5 51 9
Decrease (increase) in cash of discontinued operations 0 10 0 (10)
Increase (decrease) in cash and cash equivalents 535 232 (442) 47
Cash and cash equivalents at beginning of period 1,246 1,043 2,223 1,228
Cash and Cash Equivalents at End of Period $ 1,781 $ 1,275 $ 1,781 $ 1,275