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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities    
Net income (loss) $ 23 $ 70
Adjustments to reconcile net income to net cash provided from operating activities:    
Depreciation and amortization 21 68
Losses on divestitures and impairments 1 14
Equity in net income of non-consolidated affiliates, net of dividends remitted 0 (2)
Non-cash stock-based compensation 2 3
Changes in assets and liabilities:    
Accounts receivable (24) (62)
Inventories 9 (29)
Accounts payable 4 110
Accrued income taxes (43) (18)
Other assets and other liabilities (51) 19
Net cash provided from operating activities (58) 173
Investing Activities    
Capital expenditures (25) (55)
Climate Transaction Withholding Tax Refund 356 0
Short-term Investments 47 0
Loan to non-consolidated affiliate (8) (10)
Proceeds from asset sales 3 3
Other 0 (8)
Net cash provided from (used by) investing activities 373 (70)
Financing Activities    
Short-term debt, net 0 (10)
Principal payments on debt (1) (3)
Distribution payments (1,736) 0
Payments for Repurchase of Common Stock (500) 0
Dividends paid to non-controlling interests 0 (3)
Stock warrant and option exercises 0 10
Payments Related to Tax Withholding for Share-based Compensation (11) 0
Net cash used by financing activities (2,248) (6)
Effect of exchange rate changes on cash 7 (17)
Net increase (decrease) in cash and equivalents (1,926) 80
Cash and equivalents at beginning of the period 2,729 827
Cash and equivalents at end of the period $ 803 $ 907