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Statement of Consolidated Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Operating activities          
Net income $ (121) $ 120 $ 66 $ 263  
Adjustments to reconcile net income to cash used for operations:          
Depreciation and amortization     276 286  
Deferred income taxes     (78) 47  
Restructuring and other charges     511 22  
Net loss from investing activities—asset sales     4 5  
Net periodic pension benefit cost (F)     58 71  
Stock-based compensation     27 29  
Other     14 50  
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:          
(Increase) in receivables     (743) (709)  
(Increase) in inventories     (117) (220)  
Decrease in prepaid expenses and other current assets     18 8  
(Decrease) increase in accounts payable, trade     (29) 218  
(Decrease) in accrued expenses     (46) (84)  
Increase in taxes, including income taxes     41 37  
Pension contributions     (140) (237)  
(Increase) in noncurrent assets     (5) (4)  
(Decrease) in noncurrent liabilities     (9) (42)  
Cash used for operations     (152) (260)  
Financing Activities          
Net change in short-term borrowings (original maturities of three months or less)     0 5  
Additions to debt (original maturities greater than three months)     226 300  
Payments on debt (original maturities greater than three months)     (226) (801)  
Premiums paid on early redemption of debt     0 (17)  
Proceeds from exercise of employee stock options     11 13  
Dividends paid to shareholders     (39) (60)  
Repurchase of common stock (H)     (900) 0  
Other     (14) (17)  
Cash used for financing activities     (942) (577)  
Investing Activities          
Capital expenditures     (304) (288)  
Proceeds from the sale of assets and businesses     12 5  
Sales of investments     47 9  
Cash receipts from sold receivables (K)     417 420  
Other     (1) 0  
Cash provided from investing activities     171 146  
Effect of exchange rate changes on cash, cash equivalents and restricted cash     1 (2)  
Net change in cash, cash equivalents and restricted cash     (922) (693)  
Cash, cash equivalents and restricted cash at beginning of period     2,282 2,153 $ 2,153
Cash, cash equivalents and restricted cash at end of period $ 1,360 $ 1,460 $ 1,360 $ 1,460 $ 2,282