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Statement of Consolidated Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net income $ 143 $ 322
Adjustments to reconcile net income to cash used for operations:    
Depreciation and amortization 142 133
Deferred income taxes 18 20
Restructuring and other charges 7 73
Net loss (gain) from investing activities - asset sales (F) 3 (349)
Net periodic pension benefit cost (G) 41 54
Stock-based compensation 15 28
Other 49 18
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:    
(Increase) in receivables (B) (403) (394)
(Increase) in inventories (141) (85)
(Increase) decrease in prepaid expenses and other current assets (12) 20
Increase (decrease) in accounts payable, trade 14 (122)
(Decrease) in accrued expenses (118) (112)
Increase in taxes, including income taxes 8 111
Pension contributions (177) (53)
Decrease (increase) in noncurrent assets 1 (34)
(Decrease) in noncurrent liabilities (26) (25)
Cash used for operations (436) (395)
Financing Activities    
Net change in short-term borrowings (original maturities of three months or less) 5 8
Additions to debt (original maturities greater than three months) 150 360
Premiums paid on early redemption of debt (B & N) (17) 0
Payments on debt (original maturities greater than three months) (N) (651) (360)
Proceeds from exercise of employee stock options 12 22
Dividends paid to shareholders (30) (45)
Distributions to noncontrolling interests 0 (14)
Other (11) (14)
Cash used for financing activities (542) (43)
Investing Activities    
Capital expenditures (117) (103)
Proceeds from the sale of assets and businesses (P) 0 (10)
Sales of investments (F) 9 888
Cash receipts from sold receivables (B & K) 136 95
Other 1 240
Cash provided from investing activities 29 1,110
Effect of exchange rate changes on cash, cash equivalents and restricted cash 4 4
Net change in cash, cash equivalents and restricted cash (B) (945) 676
Cash, cash equivalents and restricted cash at beginning of year (B) 2,153 1,878
Cash, cash equivalents and restricted cash at end of period (B) $ 1,208 $ 2,554