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Statement of Consolidated Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
CASH FROM OPERATIONS    
Net income (loss) $ 462 $ (68)
Adjustments to reconcile net income (loss) to cash from operations:    
Depreciation, depletion, and amortization 641 690
Deferred income taxes (45) (133)
Equity income, net of dividends 50 68
Restructuring and other charges (D) 394 571
Net gain from investing activities - asset sales (H) (28) (29)
Net periodic pension benefit cost (M) 243 218
Stock-based compensation 55 49
Excess tax benefits from stock-based payment arrangements (9) (2)
Other (64) 43
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:    
(Increase) in receivables (200) (225)
(Increase) in inventories (221) (457)
Decrease (increase) in prepaid expenses and other current assets 7 (13)
(Decrease) increase in accounts payable, trade (130) 26
(Decrease) in accrued expenses (374) (349)
Increase (decrease) in taxes, including income taxes 130 (52)
Pension contributions (169) (282)
(Increase) in noncurrent assets (G) (352) (25)
(Decrease) in noncurrent liabilities (93) (63)
CASH PROVIDED FROM (USED FOR) OPERATIONS 297 (33)
FINANCING ACTIVITIES    
Net change in short-term borrowings (original maturities of three months or less) (4) 77
Net change in commercial paper   223
Additions to debt (original maturities greater than three months) 1,027 1,131
Debt issuance costs   (10)
Payments on debt (original maturities greater than three months) (1,037) (1,149)
Proceeds from exercise of employee stock options 26 97
Excess tax benefits from stock-based payment arrangements 9 2
Dividends paid to shareholders (109) (69)
Distributions to noncontrolling interests (71) (55)
Contributions from noncontrolling interests   44
CASH (USED FOR) PROVIDED FROM FINANCING ACTIVITIES (159) 291
INVESTING ACTIVITIES    
Capital expenditures (514) (467)
Acquisitions, net of cash acquired (E) (204)  
Proceeds from the sale of assets and businesses (E) 59 1
Additions to investments (50) (106)
Sales of investments 22 34
Net change in restricted cash (9) 3
Other 11 9
CASH USED FOR INVESTING ACTIVITIES (685) (526)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (19) 14
Net change in cash and cash equivalents (566) (254)
Cash and cash equivalents at beginning of year 1,877 1,437
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 1,311 $ 1,183