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Statement of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FROM OPERATIONS    
Net income $ 11 $ 255
Adjustments to reconcile net income to cash from operations:    
Depreciation, depletion, and amortization 309 321
Deferred income taxes (86) 23
Equity income, net of dividends 4 24
Restructuring and other charges (D) 93 177
Net loss from investing activities - asset sales 2  
Net periodic pension benefit cost (M) 83 122
Stock-based compensation 26 26
Excess tax benefits from stock-based payment arrangements   (9)
Other 15 (73)
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:    
(Increase) in receivables (139) (146)
(Increase) in inventories (58) (266)
(Increase) in prepaid expenses and other current assets (3) (20)
(Decrease) in accounts payable, trade (272) (183)
(Decrease) in accrued expenses (343) (354)
Increase in taxes, including income taxes 64 93
Pension contributions (70) (85)
(Increase) in noncurrent assets (13) (26)
(Decrease) in noncurrent liabilities (53) (54)
CASH USED FOR OPERATIONS (430) (175)
FINANCING ACTIVITIES    
Net change in short-term borrowings (original maturities of three months or less) 2 26
Additions to debt (original maturities greater than three months) 439 517
Payments on debt (original maturities greater than three months) (441) (519)
Proceeds from exercise of employee stock options   24
Excess tax benefits from stock-based payment arrangements   9
Dividends paid to shareholders (57) (54)
Distributions to noncontrolling interests (50) (29)
CASH USED FOR FINANCING ACTIVITIES (107) (26)
INVESTING ACTIVITIES    
Capital expenditures (251) (247)
Acquisitions, net of cash acquired (E)   (204)
Proceeds from the sale of assets and businesses (E) 222 (8)
Additions to investments (7) (12)
Sales of investments 19  
Net change in restricted cash 4 (4)
Other 12 10
CASH USED FOR INVESTING ACTIVITIES (1) (465)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 3 (20)
Net change in cash and cash equivalents (535) (686)
Cash and cash equivalents at beginning of year 1,919 1,877
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 1,384 $ 1,191