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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net earnings $ 156 $ 198
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:    
Depreciation and amortization 168 161
Curtailment gain 0 (47)
Changes in assets and liabilities:    
Accounts receivable (107) 58
Inventories (398) (394)
Accounts payable (228) (285)
Accrued advertising and promotions (200) (227)
Accrued expenses and current liabilities (30) 37
Taxes deferred and payable, net (21) (48)
Accrued pension and postretirement benefits (19) (17)
Employee compensation 13 (45)
Other 5 40
Cash used in operating activities (661) (569)
Investing activities    
Capital expenditures (85) (126)
Proceeds from sale of assets and business 4 33
Change in restricted cash 3 11
Investment in related businesses 0 (15)
Other (15) 0
Cash used in investing activities (93) (97)
Financing activities    
Proceeds from borrowings of long-term debt 0 523
Repayments of long-term debt (5) (69)
Net proceeds (repayments) from short-term borrowings 966 (41)
Dividends paid (69) (60)
Repurchase of common stock (225) 0
Common stock issued 3 34
Cash provided by financing activities 670 387
Effect of exchange rate changes on cash and cash equivalents 11 (43)
Decrease in cash and cash equivalents (73) (322)
Cash and cash equivalents at beginning of period 772 1,026
Cash and cash equivalents at end of period $ 699 $ 704