XML 1043 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows provided by operating activities      
Net income $ 118 $ 214 $ 117
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 168 172 178
Loss (gain) on extinguishment of debt 0 30 (224)
Push-down of income recovered by shareholder (See Note 2) 0 (163) (37)
Deferred tax benefit (28) (10) (7)
Non-cash impairments and accelerated depreciation 35 0 57
Other non-cash adjustments (2) 10 (5)
Net change in assets and liabilities:      
Accounts receivable (43) (142) 128
Inventories 18 (65) 99
Accounts and drafts payable (22) (16) 95
Income taxes payable (1) 12 6
Other assets, current and non-current (46) (16) 2
Other liabilities, current and long-term (46) 19 (54)
Net cash provided by operating activities 151 45 355
Cash flows provided by (used in) investing activities      
Capital expenditures (139) (119) (131)
Capitalized interest (1) (1) (5)
(Purchases of) proceeds from matured debt securities, net (2) 4 (2)
Change in restricted cash 3 2 2
Deconsolidation of variable interest entities 0 (4) 0
Proceeds from the sale of businesses, net of cash transferred 173 0 0
Proceeds from the sale of assets 3 14 4
Dividends from unconsolidated affiliates, net of funds remitted 8 5 0
Net cash provided by (used in) investing activities 45 (99) (132)
Cash flows provided by (used in) financing activities      
Net short-term debt borrowings (repayments) 14 (7) (10)
Borrowings of long-term debt 496 2,356 1,155
Repayments of long-term debt (538) (2,177) (1,404)
(Repayments) borrowings of affiliated debt (See Note 5) (100) (3) 104
Capital contribution from parent (See Note 5) 189 0 0
Purchase of note receivable due from parent 0 0 (24)
Payment of dividends on common stock 0 0 (10)
Distributions paid to parent (2) 0 0
Long-term debt and credit facility financing fees (2) (72) (5)
Deconsolidation of noncontrolling interest in variable interest entity 0 0 (24)
Payment of dividends to noncontrolling interest holder 0 0 (4)
Net cash provided by (used in) financing activities 57 97 (222)
Effect of exchange rates on cash and cash equivalents (5) 2 13
Increase in cash and cash equivalents 248 45 14
Cash and cash equivalents (unrestricted) at beginning of year 180 135 121
Cash and cash equivalents (unrestricted) at end of year 428 180 135
Supplemental disclosures of cash flow information: Cash paid for:      
Interest, net 259 235 234
Income taxes paid (refunded), net $ 24 $ 36 $ (6)