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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net earnings $ 251 $ 172
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 147 145
Asset impairment charges 0 89
Provision for deferred income taxes 9 16
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
Increase in trade receivables (144) (91)
(Increase) decrease in inventories (2) 21
Decrease in trade payables (62) (108)
Pension and other postretirement contributions in excess of expenses (19) (23)
Variable compensation in excess of expenses (109) (80)
Other items, net (24) (50)
Net cash provided by operating activities 47 91
Investing activities    
Additions to properties and equipment (110) (125)
Proceeds from sale of assets 6 4
Acquisitions, net of cash acquired (21) 0
Other items, net (1) (1)
Net cash used in investing activities (126) (122)
Financing activities    
Net increase in commercial paper borrowings 82 93
Repayment of borrowings (10) 0
Dividends paid to stockholders (68) (59)
Treasury stock purchases (20) (26)
Dividends paid to noncontrolling interest 0 (2)
Proceeds from stock option exercises and other items, net 4 11
Net cash (used in) provided by financing activities (12) 17
Effect of exchange rate changes on cash and cash equivalents 0 (4)
Net change in cash and cash equivalents (91) (18)
Cash and cash equivalents at beginning of period 293 214
Cash and cash equivalents at end of period $ 202 $ 196