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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities      
Net income $ 88 $ 510 $ 991
(Loss) income from discontinued operations, net of tax (9) 20 15
Gain on sale of discontinued operations, net of tax 0 279 0
Income from continuing operations 97 211 976
Adjustments to reconcile income from continuing operations to net cash:      
Depreciation, depletion, and amortization 132 134 131
Loss on extinguishment of debt 22 37 19
Long-lived asset impairment charges 0 10 0
Recovery of receivable 0 (3) (6)
Share-based compensation expense 18 18 14
Deferred income taxes 255 57 (742)
(Loss) gain on asset dispositions 1 (9) (13)
Gain from the sale of equity method investment to related party 0 0 (6)
Income from equity method investments (59) (49) (50)
Dividends received from equity method investments 42 47 38
Pension settlement 12 20 1
(Increase) decrease in working capital      
Receivables (32) 6 21
Income taxes receivable (12) 3 (3)
Inventories (13) (20) (16)
Other current assets (3) 9 1
Payables 20 21 (16)
Accrued expenses (36) (39) (61)
Decrease in other assets 4 0 4
Decrease in pension and other postretirement benefits (57) (142) (28)
Decrease in other liabilities (13) (6) (7)
Other, net 4 9 22
Net cash provided by operating activities of continuing operations 382 314 279
Net cash provided by operating activities of discontinued operations 0 59 52
Net cash provided by operating activities of continuing operations 382 373 331
Investing Activities      
Purchases of marketable securities (105) (274) (246)
Sales or maturities of marketable securities 97 413 170
Capital expenditures (168) (83) (87)
Proceeds from asset dispositions 2 12 58
Net proceeds from the sale of equity method investment to related party 0 0 52
Acquisition of business (52) 0 0
Return of capital 0 1 0
Insurance proceeds 1 1 0
Return (deposit) of restricted cash 0 9 (8)
Net cash (used for) provided by investing activities of continuing operations (225) 79 (61)
Net cash provided by (used for) investing activities of discontinued operations 6 667 (2)
Net cash (used for) provided by investing activities of continuing operations (219) 746 (63)
Financing Activities      
Issuance of debt 500 0 350
Repayment of debt (521) (1,131) (386)
Payment of debt issuance fees (8) 0 (6)
Issuance of common stock 15 4 6
Repurchase of common stock (184) 0 0
Repurchases of common stock to satisfy employee tax withholding obligations (4) (2) (8)
Net cash used for financing activities of continuing operations (202) (1,129) (44)
Effect of exchange rate changes on cash 6 (5) (10)
Net (decrease) increase in cash and cash equivalents from continuing operations (39) (741) 164
Net increase in cash and cash equivalents from discontinued operations 6 726 50
Change in cash balance included in discontinued operations 0 0 (3)
Net (decrease) increase in cash and cash equivalents (33) (15) 211
Cash and cash equivalents at beginning of period 427 442 231
Cash and cash equivalents at end of period 394 427 442
Supplemental Cash Flow Disclosures:      
Interest paid, net of interest capitalized 82 153 158
Income taxes paid, net of refunds received 10 4 0
Noncash Investing and Financing Activities:      
Amount in accounts payable for capital expenditures 18 15 5
Reversal of USG Boral Building Products earnout $ 0 $ (24) $ 0