v2.4.0.8
Condensed Consolidated and Combined Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating Activities    
Net income $ 87 $ 152
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 49 44
Amortization 25 23
Share-based compensation 12 10
Restructuring charges 25 0
Other, net 7 (5)
Payments for restructuring (11) 0
Changes in assets and liabilities (net of acquisitions):    
Changes in receivables (31) (16)
Changes in inventories (44) (44)
Changes in accounts payable (4) 12
Other, net (53) (51)
Net Cash – Operating activities 62 125
Investing Activities    
Capital expenditures (60) (57)
Acquisitions, net of cash acquired (81) 0
Proceeds from the sale of property, plant and equipment 3 3
Other, net 0 (1)
Net Cash – Investing activities (138) (53)
Financing Activities    
Repurchase of common stock (18) (3)
Proceeds from exercise of employee stock options 1 16
Dividends paid (43) (39)
Other, net 0 (5)
Net Cash – Financing activities (60) (31)
Effect of exchange rate changes on cash (8) (1)
Net change in cash and cash equivalents (144) 40
Cash and cash equivalents at beginning of year 504 318
Cash and cash equivalents at end of period 360 358
Cash paid during the period for:    
Interest 26 26
Income taxes (net of refunds received) $ 52 $ 54