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Consolidated Condensed Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating Activities    
Net income $ 3 $ 121
Less: (Loss) income from discontinued operations (7) 143
Income (loss) from continuing operations 10 (22)
Adjustments to income (loss) from continuing operations:    
Depreciation and amortization 17 18
Stock-based compensation 3 3
Asbestos-related cost, net 13 16
Transformation costs 5 60
Asbestos-related payments (16) (7)
Transformation-related payments. 30 (15)
Contributions to pension plans (32) (2)
Changes in assets and liabilities:    
Change in receivables (68) (53)
Change in inventories (11) (14)
Change in accounts payable 11 16
Change in accrued expenses (14) 11
Change in accrued and deferred income taxes 108 (31)
Other, net 22 (25)
Net Cash - Operating activities 18 (45)
Investing Activities    
Capital expenditures (13) (15)
Other, net 1 2
Net Cash - Investing activities (12) (13)
Financing Activities    
Short-term debt, net 21 74
Repurchase of common stock (38) (5)
Issuance of common stock 35 33
Dividends paid (9) (92)
Other, net 5 7
Net Cash - Financing activities 14 17
Exchange rate effects on cash and cash equivalents 19 5
Discontinued operations:    
Operating activities (1) 130
Investing activities 0 (31)
Financing activities 0 (65)
Exchange rate effects on cash and cash equivalents 0 44
Net cash - discontinued operations (1) 78
Net change in cash and cash equivalents 38 42
Cash and cash equivalents - beginning of year 690 1,032
Cash and Cash Equivalents - End of period 728 1,074
Less: cash and cash equivalents of discontinued operations - end of period 0 904
Cash and Cash Equivalents of Continuing Operations - End of Period 728 170
Cash paid during the year for:    
Interest 0 3
Income taxes, net of refunds received $ (100) $ 17