XML 48 R6.htm IDEA: XBRL DOCUMENT v3.19.3
Statement of Consolidated Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Operating activities          
Net income $ 95 $ 161 $ 161 $ 424  
Adjustments to reconcile net income to cash used for operations:          
Depreciation and amortization     407 427  
Deferred income taxes     (36) 95  
Restructuring and other charges     630 20  
Net loss from investing activities—asset sales     6 7  
Net periodic pension benefit cost (F)     87 100  
Stock-based compensation     44 43  
Other     15 61  
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:          
(Increase) in receivables     (957) (1,020)  
(Increase) in inventories     (92) (184)  
Decrease (increase) in prepaid expenses and other current assets     17 (3)  
(Decrease) increase in accounts payable, trade     (119) 257  
(Decrease) in accrued expenses     (90) (96)  
Increase in taxes, including income taxes     92 63  
Pension contributions     (217) (288)  
(Increase) in noncurrent assets     (12) (33)  
(Decrease) in noncurrent liabilities     (36) (82)  
Cash used for operations     (100) (209)  
Financing Activities          
Net change in short-term borrowings (original maturities of three months or less)     0 3  
Additions to debt (original maturities greater than three months)     300 450  
Payments on debt (original maturities greater than three months)     (303) (952)  
Premiums paid on early redemption of debt     0 (17)  
Proceeds from exercise of employee stock options     19 15  
Dividends paid to shareholders     (48) (89)  
Repurchase of common stock (H)     (1,100) 0  
Other     (12) (19)  
Cash used for financing activities     (1,144) (609)  
Investing Activities          
Capital expenditures     (415) (497)  
Proceeds from the sale of assets and businesses (Q)     27 7  
Sales of investments     47 9  
Cash receipts from sold receivables (K)     630 693  
Other     (1) (1)  
Cash provided from investing activities     288 211  
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (2) (4)  
Net change in cash, cash equivalents and restricted cash     (958) (611)  
Cash, cash equivalents and restricted cash at beginning of year     2,282 2,153 $ 2,153
Cash, cash equivalents and restricted cash at end of period $ 1,324 $ 1,542 $ 1,324 $ 1,542 $ 2,282