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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net earnings $ 94 $ 158
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:    
Depreciation and amortization 177 163
Changes in assets and liabilities:    
Accounts receivable 85 14
Inventories (375) (415)
Accounts payable (259) (159)
Accrued advertising and promotions (287) (228)
Accrued expenses and current liabilities (28) 6
Taxes deferred and payable, net (40) (38)
Accrued pension and postretirement benefits (16) (18)
Employee compensation (24) 65
Other (40) 17
Cash used in operating activities (713) (435)
Investing activities    
Capital expenditures (66) (88)
Proceeds from sale of assets and business 6 3
Proceeds from held-to-maturity securities 60 0
Investment in related businesses (2) 0
Other (1) (1)
Cash used in investing activities (3) (86)
Financing activities    
Repayments of long-term debt (4) (255)
Net proceeds from short-term borrowings 599 800
Dividends paid (78) (73)
Repurchase of common stock 0 (150)
Common stock issued 5 23
Other 0 (6)
Cash provided by financing activities 522 339
Effect of exchange rate changes on cash, cash equivalents and restricted cash 25 26
Decrease in cash, cash equivalents and restricted cash (169) (156)
Cash, cash equivalents and restricted cash at beginning of period 1,293 1,240
Cash, cash equivalents and restricted cash at end of period $ 1,124 $ 1,084