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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net earnings $ 290 $ 279
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 152 145
Gain from property insurance (50) 0
Provision for deferred income taxes 11 31
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
(Increase) decrease in trade receivables (223) (149)
(Increase) decrease in inventories (80) (82)
Increase (decrease) in trade payables 8 (26)
Pension and other postretirement contributions (in excess of) less than expenses (36) (36)
Variable compensation (in excess of) less than expenses (77) (84)
Other items, net (30) (26)
Net cash (used in) provided by operating activities (35) 52
Investing activities    
Additions to properties and equipment (128) (133)
Proceeds from property insurance 50 0
Proceeds from sale of assets 0 1
Acquisitions, net of cash acquired 0 (4)
Net cash used in investing activities (78) (136)
Financing activities    
Net increase (decrease) in commercial paper and other borrowings 199 0
Proceeds from borrowings 275 250
Repayment of borrowings (175) 0
Dividends paid to stockholders (80) (75)
Treasury stock purchases (100) (75)
Proceeds from stock option exercises and other items, net (3) 2
Net cash provided by financing activities 116 102
Effect of exchange rate changes on cash and cash equivalents 0 (2)
Net change in cash and cash equivalents 3 16
Cash and cash equivalents at beginning of period 191 181
Cash and cash equivalents at end of period $ 194 $ 197