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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES    
NET EARNINGS $ 293 $ 311
Adjustments to reconcile net earnings to cash provided by operating activities:    
Depreciation and amortization 269 242
Deferred income taxes 88 127
Provision for pension and other employee benefits liabilities 34 6
Stock-based compensation expense 30 25
Other non-cash 17 (7)
Loss on extinguishment of debt 71 1
Changes in operating assets and liabilities (17) 27
Pension fund contributions (68) (60)
Payments for other employee benefits liabilities (13) (14)
Other (10) 21
Net cash flow provided by operating activities 694 679
NET CASH FLOW USED FOR INVESTING ACTIVITIES    
Cash paid for property, plant and equipment (249) (281)
Proceeds from the sale of assets or affiliates 3 0
Investment in subsidiaries and affiliates, net of cash acquired (566) (450)
Other 2 2
Net cash flow used for investing activities (810) (729)
NET CASH FLOW PROVIDED BY FINANCING ACTIVITIES    
Proceeds from long-term debt 588 395
Proceeds from senior revolving credit and receivables securitization facilities 869 574
Proceeds from term loan borrowing 0 300
Payments on term loan borrowing 0 (300)
Payments on senior revolving credit and receivables securitization facilities (736) (514)
Payments on long-term debt (351) (160)
Net increase (decrease) in short-term debt 2 (5)
Dividends paid (67) (61)
Purchases of treasury stock (159) (176)
Other 8 10
Net cash flow provided by financing activities 154 63
Effect of exchange rate changes on cash 19 1
Net increase in cash, cash equivalents and restricted cash 57 14
Cash, cash equivalents and restricted cash at beginning of period 118 96
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 175 $ 110