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Consolidated Statements Of Cash Flows
$ in Millions
12 Months Ended
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Cash flows from operating activities:      
Net income (loss) $ 226 $ (1,198) $ 171
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 39 72 68
Equity in earnings of unconsolidated affiliates (149) (163) (137)
Deferred income tax (benefit) expense 14 353 18
Gain on disposition of assets (61) (7) (2)
Other Noncash Income 0 (24) 0
Impairment of goodwill 0 446 0
Other Asset Impairment Charges 31 171 0
Other 21 11 21
Changes in operating assets and liabilities:      
Receivables 41 170 0
Costs in Excess of Billings 224 (107) 140
Accounts payable (274) (10) 49
Billings in Excess of Costs (2) 144 (20)
Accrued salaries, wages and benefits (8) (29) (14)
Reserve for loss on uncompleted contracts (94) 57 53
Collection (repayment) of advances from (to) unconsolidated affiliates, net 10 13 14
Distributions of earnings from unconsolidated affiliates 92 249 180
Payment on performance bonds 0 0 (108)
Income taxes payable 26 14 (51)
Pension funding (48) (48) (54)
Retainage payable (2) (16) (35)
Subcontractor advances (12) (3) 20
Increase (Decrease) in Derivative Assets and Liabilities (44) (40) (22)
Other, net 17 115 6
Total cash flows provided by operating activities 47 170 297
Cash flows from investing activities:      
Capital expenditures (10) (53) (78)
(Investment in) / return equity method joint ventures (19) 0 0
Proceeds from sale of assets and investments 130 9 16
Total cash flows provided by (used in) investing activities 101 (44) (62)
Cash flows from financing activities:      
Payments to reacquire common stock (62) (106) (7)
Acquisition of noncontrolling interest (40) 0 0
Investments from noncontrolling interests 0 10 9
Distributions to noncontrolling interests (28) (61) (109)
Payments of dividends to shareholders (47) (47) (36)
Net proceeds from issuance of common stock 1 4 6
Payments on borrowings (11) (11) (14)
Other (5) 1 3
Total cash flows used in financing activities (192) (210) (148)
Effect of exchange rate changes on cash (43) (52) (34)
Increase (decrease) in cash and equivalents (87) (136) 53
Cash and equivalents at beginning of period 970 1,106 1,053
Cash and equivalents at end of period 883 970 1,106
Supplemental disclosure of cash flow information:      
Cash paid for interest 10 11 12
Cash paid for income taxes (net of refunds) 66 37 127
Noncash operating activities      
Other assets change for payments made on our behalf by former parent 0 0 (219)
Other liabilities change for payments made on our behalf by former parent 0 0 219
Noncash financing activities      
Dividends Payable $ 12 $ 12 $ 12