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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net earnings $ 742 $ 633
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:    
Depreciation and amortization 496 496
Curtailment gain 0 (63)
Changes in assets and liabilities:    
Accounts receivable (438) (405)
Inventories (518) (397)
Accounts payable (187) (288)
Accrued advertising and promotions (38) (34)
Accrued expenses and current liabilities 72 (26)
Taxes deferred and payable, net (149) (44)
Accrued pension and postretirement benefits (53) (109)
Employee compensation (30) (31)
Other (72) 111
Cash used in operating activities (175) (157)
Investing activities    
Capital expenditures (360) (391)
Proceeds from sale of assets and business 55 35
Change in restricted cash 14 21
Investment in related businesses (10) (72)
Other (2) 0
Cash used in investing activities (303) (407)
Financing activities    
Proceeds from borrowings of long-term debt 491 531
Repayments of long-term debt (507) (278)
Net proceeds from short-term borrowings 1,369 307
Dividends paid (221) (200)
Repurchase of common stock (425) (95)
Common stock issued 24 36
Other (2) (5)
Cash provided by financing activities 729 296
Effect of exchange rate changes on cash and cash equivalents 2 (60)
Increase (decrease) in cash and cash equivalents 253 (328)
Cash and cash equivalents at beginning of period 772 1,026
Cash and cash equivalents at end of period $ 1,025 $ 698