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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 896 $ 747
Income from discontinued operations, net of tax 223 42
Income from continuing operations 673 705
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 216 222
Amortization 47 47
Amortization of deferred debt issuance costs 5 5
Restructuring expense, net of cash paid (32) (4)
Deferred income taxes 0 3
Pension and other postretirement benefit expenses 40 45
Income from equity method investments, net of dividends received 2 (10)
Loss on extinguishment of debt 52 34
Loss (gain) on sale of assets 19 (1)
Share-based compensation 35 32
Changes in operating assets and liabilities:    
Accounts receivable, net (303) (349)
Inventories (141) (140)
Other assets 18 (35)
Accounts payable 182 171
Accrued and other long-term liabilities (106) (18)
Other, net (35) 51
Pension contributions (37) (43)
Net cash provided by operating activities from continuing operations 635 715
Net cash provided by operating activities from discontinued operations 34 48
Net cash provided by operating activities 669 763
Cash flows from investing activities:    
Capital expenditures (360) (417)
Proceeds from sale of property / investments 3 5
Net proceeds from divestiture of discontinued operations 660 0
Cost of businesses, investment and technology acquisitions, net of cash acquired (23) 0
Payments associated with business disposals (7) 0
(Increase) decrease in restricted cash 0 (2)
Net cash provided by (used in) investing activities from continuing operations 273 (414)
Net cash used in investing activities from discontinued operations (65) (52)
Net cash provided by (used in) investing activities 208 (466)
Cash flows from financing activities:    
Net proceeds (repayments) under other short- and long-term debt agreements 7 6
Repayments under long-term debt agreements 0 (164)
Repayment of senior notes (546) (526)
Proceeds from issuance of senior notes, net of issuance costs 753 691
Dividend payments of consolidated affiliates to minority shareholders (13) (7)
Repurchase of ordinary shares (542) (358)
Distribution of cash dividends (145) (153)
Taxes withheld and paid on employees' restricted share awards (58) (8)
Net cash used in financing activities (544) (519)
Effect of exchange rate fluctuations on cash and cash equivalents (2) (1)
Increase (decrease) in cash and cash equivalents 331 (223)
Cash and cash equivalents at beginning of period 904 1,389
Cash and cash equivalents at end of period 1,235 1,166
Cash and cash equivalents of discontinued operations 64 44
Cash and cash equivalents of continuing operations $ 1,171 $ 1,122