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Condensed Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating activities:    
Net income attributable to controlling and noncontrolling interests $ 811 $ 973
Adjustments to reconcile net income to cash from operations:    
Depreciation and amortization 348 352
Pension expense (Note 12) 122 101
Business restructuring (Note 7) 208 [1] 0
Environmental remediation charge (Note 19) 159 0
Equity affiliate earnings, net of dividends (13) (30)
Asbestos settlement, net of tax 6 6
Cash contributions to pension plans (59) (114)
Restructuring cash spending (Note 7) (63) (15)
Change in certain asset and liability accounts:    
Increase in receivables (310) (390)
Increase in inventories (92) (190)
Decrease (increase) in other current assets 1 (45)
Increase in accounts payable and accrued liabilities 88 115
Decrease in noncurrent assets (15) (16)
(Decrease) increase in noncurrent liabilities (18) 8
Change in accrued tax and interest (90) 40
Other (44) (18)
Cash from operating activities 1,039 777
Capital spending:    
Additions to property and long-term investments (226) (235)
Business acquisitions, net of cash balances acquired (Note 4) (53) (56)
Deposit of cash into escrow (Note 4) (26) (3)
Release of cash held in escrow 19 0
Purchase of short-term investments (730) (125)
Proceeds from maturity of short-term investments 120 724
Payments on cross currency swap contracts (23) (10)
Monetization of cross currency swap contracts 1 0
Collection of notes receivable (Note 16) 0 90
Return of capital, equity affiliate (Note 16) 0 78
Reductions of other property and investments 42 31
Cash (used for) from investing activities (876) 494
Debt:    
Net change in borrowings with maturities of three months or less (8) 2
Proceeds from other debt 0 4
Proceeds from long-term debt, net (Note 8) 397 0
Repayment of long-term debt (Note 8) (71) (400)
Repayment of acquired debt (Note 8) (119)   
Repayments of other debt (12) (6)
Settlement of forward starting swaps (Note 15) (121) 0
Proceeds from termination of interest rate swaps 29 19
Other financing activities:    
Issuance of treasury stock (Note 13) 110 70
Purchase of treasury stock (Note 13) (92) (633)
Dividends paid (Note 13) (267) (268)
Dividends paid on subsidiary common stock to noncontrolling interests (Note 13) (74) (36)
Other (13) (22)
Cash used for financing activities (241) (1,270)
Effect of currency exchange rate changes on cash and cash equivalents 13 (41)
Net decrease in cash and cash equivalents (65) (40)
Cash and cash equivalents, beginning of period 1,457 1,341
Cash and cash equivalents, end of period $ 1,392 $ 1,301
[1] The charge for business restructuring costs in the nine months ended September 30, 2012, includes charges of $65 million related to the Performance Coatings segment, $46 million related to the Industrial Coatings segment, $63 million related to the Architectural Coatings - EMEA segment, $32 million related to the Optical and Specialty Materials segment $1 million related to the Commodity Chemicals segment and $1 million related to Corporate. These costs are considered to be unusual and non-recurring and do not reduce the segment earnings used to evaluate the performance of the operating segments.