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Statement of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FROM OPERATIONS    
Net income $ 189 $ 462
Adjustments to reconcile net income to cash from operations:    
Depreciation, depletion, and amortization 622 641
Deferred income taxes (78) (45)
Equity income, net of dividends 20 50
Restructuring and other charges (D) 116 394
Net gain from investing activities - asset sales (G & J) (28) (28)
Net periodic pension benefit cost (N) 168 243
Stock-based compensation 55 55
Excess tax benefits from stock-based payment arrangements   (9)
Other 19 (64)
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:    
(Increase) in receivables (218) (200)
(Increase) in inventories (3) (221)
Decrease in prepaid expenses and other current assets 4 7
(Decrease) in accounts payable, trade (243) (130)
(Decrease) in accrued expenses (301) (374)
Increase in taxes, including income taxes 57 130
Pension contributions (147) (169)
(Increase) in noncurrent assets (I) (215) (352)
(Decrease) in noncurrent liabilities (115) (93)
CASH (USED FOR) PROVIDED FROM OPERATIONS (98) 297
FINANCING ACTIVITIES    
Net change in short-term borrowings (original maturities of three months or less) (5) (4)
Additions to debt (original maturities greater than three months) 876 1,027
Payments on debt (original maturities greater than three months) (882) (1,037)
Proceeds from exercise of employee stock options 2 26
Excess tax benefits from stock-based payment arrangements   9
Dividends paid to shareholders (114) (109)
Distributions to noncontrolling interests (84) (71)
CASH USED FOR FINANCING ACTIVITIES (207) (159)
INVESTING ACTIVITIES    
Capital expenditures (528) (514)
Acquisitions, net of cash acquired (E)   (204)
Proceeds from the sale of assets and businesses (E & H) 549 59
Additions to investments (8) (50)
Sales of investments (G) 275 22
Net change in restricted cash 7 (9)
Other 15 11
CASH PROVIDED FROM (USED FOR) INVESTING ACTIVITIES 310 (685)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 5 (19)
Net change in cash and cash equivalents 10 (566)
Cash and cash equivalents at beginning of year 1,919 1,877
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 1,929 $ 1,311