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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities    
Net income $ 79 $ 56
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 29 28
Amortization 38 31
Share-based compensation 9 6
Restructuring and asset impairment charges 10 12
Gain from sale of business 0 (5)
Other, net (4) (2)
Payments for restructuring (5) (8)
Changes in assets and liabilities (net of acquisitions):    
Changes in receivables (9) (12)
Changes in inventories (40) (10)
Changes in accounts payable 6 (32)
Other, net (50) (12)
Net Cash – Operating activities 63 52
Investing Activities    
Capital expenditures (61) (43)
Acquisition of business, net of cash acquired (430) (6)
Proceeds from sale of business 0 11
Net Cash – Investing activities (491) (38)
Financing Activities    
Short-term debt issued, net 371 0
Short-term debt repaid 0 (5)
Repurchase of common stock (33) (5)
Proceeds from exercise of employee stock options 3 1
Dividends paid (38) (33)
Other, net (1) 1
Net Cash – Financing activities 302 (41)
Effect of exchange rate changes on cash 9 6
Net change in cash and cash equivalents (117) (21)
Cash and cash equivalents at beginning of year 414 308
Cash and cash equivalents at end of period 297 287
Cash paid during the period for:    
Interest 14 12
Income taxes (net of refunds received) $ 17 $ 17