XML 56 R7.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 185 $ 262
Provision for credit losses 6 4
Deferred income taxes and tax uncertainties (7) (4)
Depreciation and amortization 45 57
Net losses (gains) from sales of assets and business divestitures 3 (2)
Impairment of goodwill, intangibles and long-lived assets 177 0
Stock-based compensation 9 5
Subtotal 233 60
Change in operating assets and liabilities:    
Accounts receivable (217) (102)
Inventories 19 20
Prepaid expenses and other assets (26) (30)
Trade accounts payable 155 64
Accrued liabilities (36) (207)
Income taxes - net (62) 64
Other non-current liabilities (7) (4)
Subtotal (174) (195)
Net cash provided by operating activities 244 127
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property, buildings, equipment and intangibles (50) (60)
Proceeds from sales of assets 0 6
Other (2) 2
Net cash used in investing activities (52) (52)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under lines of credit 9 10
Payments against lines of credit (45) (7)
Proceeds from Issuance of Long-term Debt 1,500 0
Payments of long-term debt (345) (14)
Proceeds from stock options exercised 19 3
Payments for employee taxes withheld from stock awards (5) (3)
Purchases of treasury stock (100) (135)
Cash dividends paid (78) (76)
Other - net 0 1
Net cash provided by (used in) financing activities 955 (221)
Exchange rate effect on cash and cash equivalents (15) 0
NET CHANGE IN CASH AND CASH EQUIVALENTS 1,132 (146)
Cash and cash equivalents at beginning of year 360 538
Cash and cash equivalents at end of period $ 1,492 $ 392