XML 21 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Provided by (Used for) Operating Activities:      
Net income $ 1,687 $ 2,035 $ 1,899
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation 256 246 244
Amortization and impairment of intangible assets 206 224 233
Change in deferred income taxes 64 (263) (11)
Provision for uncollectible accounts 3 7 7
(Income) loss from investments (16) 13 (4)
(Gain) loss on sale of plant and equipment (1) 1 1
(Gain) loss on sale of operations and affiliates (1) 12 (16)
Stock-based compensation expense 36 39 41
Gain on dividend distribution from equity investment in Wilsonart 0 (54) 0
Other non-cash items, net 10 5 12
(Increase) decrease in—      
Trade receivables (138) (132) (42)
Inventories (81) 9 25
Prepaid expenses and other assets (121) (63) 24
Increase (decrease) in—      
Accounts payable 39 (3) (30)
Accrued expenses and other liabilities (42) 40 (56)
Income taxes 501 187 (27)
Other, net 0 (1) (1)
Net cash provided by operating activities 2,402 2,302 2,299
Cash Provided by (Used for) Investing Activities:      
Acquisition of businesses (excluding cash and equivalents) and additional interest in affiliates (3) (453) (6)
Additions to plant and equipment (297) (273) (284)
Proceeds from investments 43 21 22
Dividend distribution from equity investment in Wilsonart 0 167 0
Proceeds from sale of plant and equipment 14 16 30
Proceeds from sale of operations and affiliates 2 3 29
Other, net (10) (13) (1)
Net cash provided by (used for) investing activities (251) (532) (210)
Cash Provided by (Used for) Financing Activities:      
Cash dividends paid (941) (821) (742)
Issuance of common stock 84 84 59
Repurchases of common stock (1,000) (2,000) (2,002)
Net proceeds from (repayments of) debt with original maturities of three months or less 849 (526) (946)
Proceeds from debt with original maturities of more than three months 0 992 1,099
Repayments of debt with original maturities of more than three months (652) (1) (2)
Excess tax benefits from stock-based compensation 0 29 20
Other, net (14) (12) (12)
Net cash provided by (used for) financing activities (1,674) (2,255) (2,526)
Effect of Exchange Rate Changes on Cash and Equivalents 145 (133) (463)
Cash and Equivalents:      
Increase (decrease) during the year 622 (618) (900)
Beginning of year 2,472 3,090 3,990
End of year 3,094 2,472 3,090
Supplementary Cash Flow Information:      
Cash Paid During the Year for Interest 240 212 200
Cash Paid During the Year for Income Taxes, Net of Refunds 1,018 920 775
Liabilities Assumed from Acquisitions $ 5 $ 150 $ 1