XML 29 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities      
Net income (loss) $ 374 $ 207 $ (460)
(Income) loss from discontinued operations, net of tax 0 (3) 1,093
Income from continuing operations 374 204 633
Adjustments required to reconcile Net income (loss) to Cash flows from operating activities      
Depreciation and amortization 526 527 563
Provisions 70 73 71
Deferred tax expense (benefit) 135 399 (9)
Net gain on sales of businesses and assets (35) (15) (22)
Undistributed equity in net income of unconsolidated affiliates (7) (18) (75)
Stock-based compensation 57 52 50
Restructuring and asset impairment charges 157 197 225
Payments for restructurings (170) (220) (113)
Defined benefit pension cost 175 194 127
Contributions to defined benefit pension plans (144) (836) (178)
Decrease (increase) in accounts receivable and billed portion of finance receivables 30 (529) (151)
Decrease (increase) in inventories 35 (69) 7
Increase in equipment on operating leases (248) (217) (268)
Decrease in finance receivables 166 162 126
Decrease (increase) in other current and long-term assets 29 (19) 76
Decrease in accounts payable (18) (15) (250)
(Decrease) increase in accrued compensation (112) (27) 6
Increase (decrease) in other current and long-term liabilities 51 (80) (77)
Net change in income tax assets and liabilities 41 11 (182)
Net change in derivative assets and liabilities (14) 75 (30)
Other operating, net 42 (28) 187
Net cash provided by (used in) operating activities of continuing operations 1,140 (179) 716
Net cash (used in) provided by operating activities of discontinued operations 0 (88) 82
Net cash provided by (used in) operating activities 1,140 (267) 798
Cash Flows from Investing Activities      
Cost of additions to land, buildings, equipment and software (90) (105) (138)
Proceeds from sales of businesses and assets 59 23 25
Acquisitions, net of cash acquired 0 (87) (30)
Collections of deferred proceeds from sales of receivables 0 213 246
Collections on beneficial interest from sales of finance receivables 0 21 24
Other investing, net 2 100 39
Net cash (used in) provided by investing activities of continuing operations (29) 165 166
Net cash used in investing activities of discontinued operations 0 0 (251)
Net cash (used in) provided by investing activities (29) 165 (85)
Cash Flows from Financing Activities      
Net (payments) proceeds on short-term debt (5) 2 1,888
Proceeds from issuance of long-term debt 9 1,008 25
Payments on long-term debt (311) (1,832) (988)
Dividends (269) (291) (331)
Payments to acquire treasury stock, including fees (700) 0 0
Other financing, net (25) 128 (10)
Net cash (used in) provided by financing activities (1,301) (985) 584
Effect of exchange rate changes on cash, cash equivalents and restricted cash (30) 53 (17)
Increase in cash, cash equivalents and restricted cash of discontinued operations 0 0 (262)
(Decrease) increase in cash, cash equivalents and restricted cash (220) (1,034) 1,018
Cash, cash equivalents and restricted cash at beginning of year 1,368 2,402 1,384
Cash, Cash Equivalents and Restricted Cash at End of Year $ 1,148 $ 1,368 $ 2,402