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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities:    
Net Income $ 169 $ 189
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:    
Depreciation and Amortization 185 174
Amortization and Write-Off of Debt Issuance Costs 3 7
Provision for Deferred Income Taxes 40 46
Net Rationalization Charges 29 11
Rationalization Payments (18) (24)
Net (Gains) Losses on Asset Sales (1) (1)
Pension Contributions and Direct Payments (25) (25)
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:    
Accounts Receivable (478) (399)
Inventories (191) (116)
Accounts Payable — Trade 73 (96)
Compensation and Benefits (61) (100)
Other Current Liabilities 18 24
Other Assets and Liabilities (29) (62)
Total Cash Flows from Operating Activities (286) (372)
Cash Flows from Investing Activities:    
Capital Expenditures (271) (253)
Asset Dispositions 1 1
Short Term Securities Acquired (11) (12)
Short Term Securities Redeemed 11 0
Total Cash Flows from Investing Activities (270) (264)
Cash Flows from Financing Activities:    
Short Term Debt and Overdrafts Incurred 51 26
Short Term Debt and Overdrafts Paid (82) (2)
Long Term Debt Incurred 1,838 1,085
Long Term Debt Paid (1,369) (822)
Common Stock Issued 9 2
Common Stock Repurchased (25) (50)
Common Stock Dividends Paid (25) (19)
Transactions with Minority Interests in Subsidiaries 0 (6)
Debt Related Costs and Other Transactions 1 (10)
Total Cash Flows from Financing Activities 398 204
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 20 28
Net Change in Cash, Cash Equivalents and Restricted Cash (138) (404)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period 1,189 1,502
Cash, Cash Equivalents and Restricted Cash at End of the Period $ 1,051 $ 1,098