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Statement of Consolidated Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FROM OPERATIONS    
Net income $ 80 $ 743
Adjustments to reconcile net income to cash from operations:    
Depreciation, depletion, and amortization 733 736
Deferred income taxes (103) (42)
Equity income, net of dividends (9) (27)
Restructuring and other charges (C) 25 40
Net loss from investing activities - asset sales (H) 1 1
Loss from discontinued operations   5
Stock-based compensation 39 45
Excess tax benefits from stock-based payment arrangements (1) (6)
Other 83 5
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:    
(Increase) in receivables (L) (215) (438)
(Increase) in inventories (188) (522)
Decrease (increase) in prepaid expenses and other current assets 13 (22)
(Decrease) increase in accounts payable, trade (33) 196
(Decrease) in accrued expenses (75) (146)
(Decrease) increase in taxes, including income taxes (9) 78
Pension contributions (352) (103)
Decrease (increase) in noncurrent assets 74 (104)
Increase in noncurrent liabilities 242 129
(Increase) in net assets held for sale (2)  
CASH PROVIDED FROM CONTINUING OPERATIONS 303 568
CASH USED FOR DISCONTINUED OPERATIONS (2) (6)
CASH PROVIDED FROM OPERATIONS 301 562
FINANCING ACTIVITIES    
Net change in short-term borrowings (original maturities of three months or less) 44 (28)
Net change in commercial paper 94  
Additions to debt (original maturities greater than three months) (F) 735 1,254
Debt issuance costs (3) (7)
Payments on debt (original maturities greater than three months) (F) (659) (1,095)
Proceeds from exercise of employee stock options 10 34
Excess tax benefits from stock-based payment arrangements 1 6
Dividends paid to shareholders (66) (65)
Distributions to noncontrolling interests (70) (187)
Contributions from noncontrolling interests 110 128
CASH PROVIDED FROM FINANCING ACTIVITIES 196 40
INVESTING ACTIVITIES    
Capital expenditures (561) (476)
Acquisitions, net of cash acquired   (240)
Proceeds from the sale of assets and businesses 13 1
Additions to investments (187) (199)
Sales of investments 11 5
Other 20 7
CASH USED FOR INVESTING ACTIVITIES (704) (902)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (20) 17
Net change in cash and cash equivalents (227) (283)
Cash and cash equivalents at beginning of year 1,939 1,543
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 1,712 $ 1,260