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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash used for operating activities    
Net income $ 282 $ 176
Depreciation and Amortization 283 258 [1]
Provision for (Benefit from) Deferred Income Tax 26 (220)
Net Periodic Pension Benefit (102) (75)
Pension Contributions (28) (50)
Net loss (gain) on sales of property, businesses, consolidated companies, and investments 46 (65)
Restructuring and Asset Related Charges - Net 70 61
Amortization of inventory step-up 0 205
Other net loss 138 92
Changes in operating assets and liabilities - net (2,645) (2,436)
Cash used for operating activities (1,930) (1,541)
Cash used for investing activities    
Capital expenditures (128) (663)
Proceeds from the sale of property, businesses, and consolidated companies, net of cash divested 11 125
Proceeds from sales of ownership interests in nonconsolidated affiliates 0 21
Purchases of investments (67) (16)
Proceeds from Sale and Maturities of Investments 58 36
Other investing activities - net (4) (5)
Cash used for investing activities (130) (502)
Cash provided by financing activities    
Net change in borrowings (less than 90 days) 1,619 814
Proceeds from debt 875 1,000
Payments on Debt (1) (284)
Payments for Repurchase of Common Stock (50) 0
Proceeds from Stock Options Exercised 14 35
Payments of Dividends (97) 0
Distributions to DowDuPont 0 (317)
Contributions from Dow 0 88
Other financing activities (16) (24)
Cash provided by financing activities 2,344 1,312
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (117) 20
Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash 167 (711)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total Company, Beginning of Period 2,173 5,024
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total Company, End of Period 2,340 [2] 4,313
EID [Member]    
Cash used for operating activities    
Net income 258 176
Depreciation and Amortization 283 258
Provision for (Benefit from) Deferred Income Tax 26 (220)
Net Periodic Pension Benefit (102) (75)
Pension Contributions (28) (50)
Net loss (gain) on sales of property, businesses, consolidated companies, and investments 46 (65)
Restructuring and Asset Related Charges - Net 70 61
Amortization of inventory step-up 0 205
Other net loss 138 92
Changes in operating assets and liabilities - net (2,613) (2,436)
Cash used for operating activities (1,922) (1,541)
Cash used for investing activities    
Capital expenditures (128) (663)
Proceeds from the sale of property, businesses, and consolidated companies, net of cash divested 11 125
Proceeds from sales of ownership interests in nonconsolidated affiliates 0 21
Purchases of investments (67) (16)
Proceeds from Sale and Maturities of Investments 58 36
Other investing activities - net (4) (5)
Cash used for investing activities (130) (502)
Cash provided by financing activities    
Net change in borrowings (less than 90 days) 1,619 814
Repayments of Related Party Debt (148) 0
Proceeds from debt 875 1,000
Payments on Debt (1) (284)
Proceeds from Stock Options Exercised 14 35
Distributions to DowDuPont 0 (317)
Contributions from Dow 0 88
Other financing activities (23) (24)
Cash provided by financing activities 2,336 1,312
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (117) 20
Increase (Decrease) in Cash, Cash Equivalents, Restricted Cash 167 (711)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total Company, Beginning of Period 2,173 5,024
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total Company, End of Period 2,340 4,313
Total company [Member]    
Cash used for operating activities    
Depreciation and Amortization 283 726
Restructuring and Asset Related Charges - Net 70 106
Total company [Member] | EID [Member]    
Cash used for operating activities    
Depreciation and Amortization 283 726
Restructuring and Asset Related Charges - Net $ 70 $ 106
[1]
Period is presented on a pro forma basis, prepared in accordance with Article 11 of Regulation S-X.
[2] See page 19 for reconciliation of cash and cash equivalents and restricted cash presented in interim Condensed Consolidated Balance Sheets to total cash, cash equivalents and restricted cash presented in the interim Condensed Consolidated Statements of Cash Flows.