XML 60 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities    
Net income $ 103 $ 102
Loss from discontinued operations, net of tax 0 (1)
Income from continuing operations 103 103
Adjustments to reconcile net income to net cash:    
Depreciation, depletion and amortization 72 77
Loss on extinguishment of debt 19 0
Share-based compensation expense 6 10
Deferred income taxes 1 4
Gain on asset dispositions 7 12
Income from equity method investments (22) (8)
Dividends received from equity method investments 18 0
Gain on deconsolidation of subsidiaries and consolidated joint ventures 0 (27)
(Increase) decrease in working capital, net of deconsolidation of subsidiaries and consolidated joint ventures:    
IncreaseDecreaseInReceivables 66 54
Income taxes receivable (1) (1)
Inventories 6 (17)
Other current assets 1 (1)
Payables (33) (18)
Accrued expenses (25) (22)
Decrease in other assets 1 0
Decrease in pension and other postretirement benefits (40) 0
Decrease in other liabilities (4) (7)
Other, net 5 (7)
Net cash provided by operating activities 34 20
Investing Activities    
Purchases of marketable securities (32) (97)
Sales or maturities of marketable securities 103 99
Capital expenditures (48) (58)
Net proceeds from asset dispositions 42 14
Investment in joint ventures, including $23 of cash of contributed subsidiaries in 2014 0 (557)
Insurance proceeds 2 2
Return (deposit) of restricted cash (49) 4
Net cash provided by (used for) investing activities 18 (593)
Financing Activities    
Issuance of debt 350 3
Repayment of debt (386) (2)
Payment of debt issuance fees (6) 0
Issuance of common stock 4 3
Repurchases of common stock to satisfy employee tax withholding obligations (8) (5)
Net cash used for financing activities (46) (1)
Effect of exchange rate changes on cash (3) 0
Net cash used for operating activities - discontinued operations 0 (1)
Net increase (decrease) in cash and cash equivalents 3 (575)
Cash and cash equivalents at beginning of period 228 810
Cash and cash equivalents at end of period 231 235
Supplemental Cash Flow Disclosures:    
Interest paid, net of capitalized interest 80 86
Income taxes paid, net 1 8
Noncash Investing and Financing Activities:    
Amount in accounts payable for capital expenditures 6 6
Contribution of wholly-owned subsidiaries and joint venture investments as consideration for investment in USG Boral Building Products 0 121
Conversion of $75 million of 10% convertible senior notes due 2018, net of discount 0 (73)
Issuance of common stock upon conversion of debt 0 75
Accrued interest on debt conversion $ 0 $ (2)