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Statement of Consolidated Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash from Operations      
Net (loss) income $ (878) $ (197) $ 177
Adjustments to reconcile net (loss) income to cash from operations:      
Depreciation, depletion and amortization 1,132 1,280 1,372
Deferred income taxes 1,125 34 (35)
Equity income, net of dividends 42 158 104
Impairment of goodwill (A and E)   25  
Restructuring and other charges 155 214 314
Net gain from investing activities-asset sales (156) (74) (47)
Net periodic pension benefit cost 304 485 423
Stock-based compensation 86 92 87
Excess tax benefits from stock-based payment arrangements   (9) (9)
Other 60 (32) 66
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:      
(Increase) decrease in receivables (238) 212 (312)
(Increase) in inventories (29) (64) (355)
(Increase) decrease in prepaid expenses and other current assets (76) 46 (25)
Increase (decrease) in accounts payable, trade 232 (90) 256
(Decrease) in accrued expenses (394) (437) (451)
Increase in taxes, including income taxes 93 25 7
Pension contributions (290) (470) (501)
(Increase) in noncurrent assets (152) (370) (42)
(Decrease) in noncurrent liabilities (248) (227) (209)
Cash provided from operations 870 1,582 1,674
Financing Activities      
Net change in short-term borrowings (original maturities of three months or less) (3) (16) (2)
Additions to debt (original maturities greater than three months) 1,962 1,901 2,878
Debt issuance costs (1) (3) (17)
Payments on debt (original maturities greater than three months) (2,734) (2,030) (1,723)
Proceeds from exercise of employee stock options 4 25 150
Excess tax benefits from stock-based payment arrangements   9 9
Issuance of mandatory convertible preferred stock (P)     1,211
Dividends paid to shareholders (228) (223) (161)
Distributions to noncontrolling interests (226) (106) (120)
Contributions from noncontrolling interests 51 2 53
Acquisitions of noncontrolling interests     (28)
Net cash transferred from Alcoa Corporation at separation 421    
Cash (used for) provided from financing activities (754) (441) 2,250
Investing Activities      
Capital expenditures (1,125) (1,180) (1,219)
Acquisitions, net of cash acquired (F and N) 10 97 (2,385)
Proceeds from the sale of assets and businesses 692 112 253
Additions to investments (52) (134) (195)
Sales of investments 280 40 57
Net change in restricted cash 14 (20) (2)
Other 16 25 31
Cash used for investing activities (165) (1,060) (3,460)
Effect of exchange rate changes on cash and cash equivalents (7) (39) (24)
Net change in cash and cash equivalents (56) 42 440
Cash and cash equivalents at beginning of year 1,362 1,877 1,437
Cash and cash equivalents at end of year $ 1,863 $ 1,362 $ 1,877