XML 78 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating Activities    
Net income (loss) $ 50 $ (113)
(Loss) income from discontinued operations (1) 5
Income (loss) from continuing operations 51 (118)
Adjustments to reconcile income (loss) from continuing operations to net cash:    
Depreciation, depletion and amortization 115 116
Loss on extinguishment of debt 0 41
Long-lived asset impairment charge 0 1
Share-based compensation expense 14 15
Deferred income taxes (1) 4
Gain on asset dispositions (1) (8)
(Increase) decrease in working capital:    
Receivables (57) (33)
Income taxes receivable 0 2
Inventories (24) (11)
Other current assets (14) 2
Payables (14) 17
Accrued expenses (4) 25
Increase in other assets 0 3
Decrease in pension and postretirement benefits (59) (23)
Decrease in other liabilities (4) (6)
Other, net 10 0
Net cash provided by operating activities - continuing operations 12 27
Investing Activities    
Purchases of marketable securities (152) (115)
Sales or maturities of marketable securities 144 269
Capital expenditures (72) (41)
Acquisition of mining rights (17) (16)
Net proceeds from asset dispositions 1 14
Investment in joint ventures (5) (14)
Loan to joint venture 0 (4)
Deposit of restricted cash (1) (16)
Net cash (used for) provided by investing activities - continuing operations (102) 77
Financing Activities    
Issuance of debt 7 248
Repayment of debt (3) (281)
Payment of debt issuance fees 0 (5)
Loans from joint venture partner 3 2
Issuance of common stock 3 1
Repurchases of common stock to satisfy employee tax withholding obligations (9) (5)
Net cash provided by (used for) financing activities - continuing operations 1 (40)
Effect of exchange rate changes on cash (4) 5
Net cash (used for) provided by operating activities - discontinued operations (1) 4
Net cash used for investing activities - discontinued operations 0 (1)
Net (decrease) increase in cash and cash equivalents (94) 72
Cash and cash equivalents at beginning of period 546 365
Cash and cash equivalents at end of period 452 437
Supplemental Cash Flow Disclosures:    
Interest paid, net of capitalized interest 137 146
Income taxes paid, net 4 5
Amount in accounts payable for capital expenditures $ 8 $ 2