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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities      
Net income $ 583 $ 461 $ 478
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 247 237 190
Restructuring and other 44 66 129
Pension expense 28 48 56
Pension contributions (103) (79) (81)
Stock-based compensation 20 27 22
Deferred income taxes 16 25 (81)
Changes in assets and liabilities:      
Receivables 29 34 45
Inventories (85) 60 (62)
Accounts payable and accrued liabilities 163 59 214
Other, net (12) 18 2
Net cash provided by operating activities 930 956 912
Cash flows from investing activities      
Capital expenditures (473) (354) (328)
Acquisition of businesses, net of cash acquired 0 (1,207) (733)
Proceeds from sale of businesses, net of cash sold 0 33 22
Proceeds from sale of property, plant and equipment 10 7 16
Net investment hedge settlements 0 (11) 0
Other 21 (16) 2
Net cash used for investing activities (442) (1,548) (1,021)
Cash flows from financing activities      
Proceeds from long-term debt 1,380 1,435 2,742
Payments of long-term debt (1,914) (900) (1,752)
Net change in revolving credit facility and short-term debt (32) (7) (319)
Debt issuance costs (18) (18) (41)
Common stock issued 10 6 14
Common stock repurchased (8) (9) (2)
Dividends paid to noncontrolling interests (80) (48) (77)
Purchase of noncontrolling interests 0 0 (93)
Contribution from noncontrolling interests 4 5 0
Foreign exchange derivatives related to debt 42 (58) (27)
Net cash provided by/(used for) financing activities (616) 406 445
Effect of exchange rate changes on cash and cash equivalents (30) (62) (60)
Net change in cash and cash equivalents (158) (248) 276
Cash and cash equivalents at beginning of period 717 965 689
Cash and cash equivalents at end of period $ 559 $ 717 $ 965