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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities    
Net earnings $ 209 $ 290
Adjustments to reconcile net earnings to net cash used in operating activities:    
Depreciation and amortization 155 152
Gain from property insurance 0 (50)
Provision for deferred income taxes 4 11
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
(Increase) decrease in trade receivables (149) (223)
(Increase) decrease in inventories (122) (80)
Increase (decrease) in trade payables (42) 8
Pension and other postretirement contributions (in excess of) less than expenses (36) (36)
Variable compensation (in excess of) less than expenses (77) (77)
Other items, net 53 (30)
Net cash used in operating activities (5) (35)
Investing activities    
Additions to properties and equipment (106) (128)
Proceeds from property insurance 0 50
Acquisitions, net of cash acquired (19) 0
Net cash used in investing activities (125) (78)
Financing activities    
Net increase (decrease) in commercial paper and other borrowings 370 199
Proceeds from borrowings 125 275
Repayment of borrowings (175) (175)
Dividends paid to stockholders (87) (80)
Treasury stock purchases (125) (100)
Other items, net (6) (3)
Net cash provided by financing activities 102 116
Effect of exchange rate changes on cash and cash equivalents (3) 0
Net change in cash and cash equivalents (31) 3
Cash and cash equivalents at beginning of period 226 191
Cash and cash equivalents at end of period $ 195 $ 194