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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities        
Net Income $ 93 $ 182 $ 233 $ 394
(Income) loss from discontinued operations, net of tax 0 (3) 0 3
Income from continuing operations 93 179 233 397
Adjustments required to reconcile Net income to Cash flows from operating activities        
Depreciation and amortization 120 131 398 399
Provisions 16 24 56 59
Net gain on sales of businesses and assets (3) (13) (35) (14)
Undistributed equity in net income of unconsolidated affiliates (43) (26) 9 (56)
Stock-based compensation 15 14 44 39
Restructuring and asset impairment charges 29 34 91 174
Payments for restructurings (39) (41) (130) (165)
Defined benefit pension cost 36 34 89 133
Contributions to defined benefit pension plans (36) (671) (111) (717)
Decrease (increase) in accounts receivable and billed portion of finance receivables 1 (34) 37 (174)
Increase in inventories (20) (99) (91) (187)
Increase in equipment on operating leases (63) (53) (182) (155)
Decrease in finance receivables 39 75 181 209
(Increase) decrease in other current and long-term assets (2) (5) 17 (48)
(Decrease) increase in accounts payable (31) (21) 12 54
Increase (decrease) in accrued compensation 4 17 (97) (58)
Increase in other current and long-term liabilities 15 46 11 39
Net change in income tax assets and liabilities 124 0 165 (36)
Net change in derivative assets and liabilities 21 (9) (2) 90
Other operating, net (2) (25) 30 (13)
Net cash provided by (used in) operating activities of continuing operations 274 (443) 725 (30)
Net cash used in operating activities of discontinued operations 0 (2) 0 (97)
Net cash provided by (used in) operating activities 274 (445) 725 (127)
Cash Flows from Investing Activities        
Cost of additions to land, buildings, equipment and software (23) (23) (73) (70)
Proceeds from sales of land, buildings and equipment 0 1 32 2
Proceeds from sale of businesses 0 20 0 20
Acquisitions, net of cash acquired 0 0 0 (76)
Collections of deferred proceeds from sales of receivables 0 58 0 157
Collections on beneficial interest from sales of finance receivables 0 2 0 13
Other investing, net 0 2 1 (27)
Net cash (used in) provided by investing activities (23) 60 (40) 19
Cash Flows from Financing Activities        
Net (payments) proceeds on short-term debt (1) 0 (2) 1
Proceeds from issuance of long-term debt 2 1,001 7 1,006
Payments on long-term debt (1) (13) (311) (1,343)
Dividends (69) (68) (204) (223)
Payments to acquire treasury stock, including fees (284) 0 (284) 0
Other financing, net (6) (12) (21) 129
Net cash (used in) provided by financing activities (359) 908 (815) (430)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1) 19 (20) 55
(Decrease) increase in cash, cash equivalents and restricted cash (109) 542 (150) (483)
Cash, cash equivalents and restricted cash at beginning of period 1,327 1,377 1,368 2,402
Cash, Cash Equivalents and Restricted Cash at End of Period $ 1,218 $ 1,919 $ 1,218 $ 1,919