XML 46 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions
6 Months Ended
Jul. 02, 2011
Jul. 03, 2010
CASH PROVIDED BY (USED FOR) OPERATIONS    
Net income (loss) $ 34 $ 15
Adjustments:    
Depreciation and amortization 97 96
Asset impairment charges 2 8
Loss related to purchase and retirement of long-term debt 4 0
Non-cash share-based and long-term incentive compensation 39 14
Cash payment for share-based awards settled (17) (17)
Non-cash pension and postretirement expense 36 36
Cash contribution to pension and postretirement plans (5) (23)
Deferred income taxes 15 3
Other 6 (5)
Changes in:    
Receivables (42) (57)
Inventories 14 (13)
Accounts payable and accrued expenses (19) 19
Prepaid expenses and other (8) 18
Net Cash Provided by (Used in) Operating Activities 156 94
CASH PROVIDED BY (USED FOR) INVESTING    
Capital expenditures (129) (85)
Sale of non-strategic assets and operations 0 2
Other (2) (2)
Net Cash Provided by (Used in) Investing Activities (131) (85)
CASH PROVIDED BY (USED FOR) FINANCING    
Payments of debt (54) 0
Borrowings under accounts receivable securitization facility, net 65 35
Borrowings under revolving credit facility, net 0 0
Fees related to revolving credit facility 0 (6)
Fees related to special purpose entities 1 (4)
Changes in book overdrafts (4) (4)
Cash dividends paid to shareholders (28) (23)
Exercise of stock options 8 4
Tax benefit on share-based compensation 1 0
Net Cash Provided by (Used in) Financing Activities (11) 2
Effect of exchange rate changes on cash and cash equivalents 1 1
Net increase in cash and cash equivalents 15 12
Cash and cash equivalents at beginning of period 28 36
Cash and cash equivalents at end of period $ 43 $ 48