XML 13 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
Unaudited Interim Consolidated Statement of Cash Flows - EUR (€)
€ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Statement of cash flows [abstract]    
Net income € 31 € 28
Adjustments    
Depreciation and amortization 90 84
Finance costs-net 70 93
Income tax expense 29 39
Share of loss of joint-ventures 12 13
Unrealized losses / (gains) on derivatives-net and from remeasurement of monetary assets and liabilities - net 41 (14)
Losses on disposal 4 2
Other-net 5 3
Interest paid (60) (80)
Income tax paid (11) (7)
Change in trade working capital    
Inventories (94) (37)
Trade receivables (196) (170)
Trade payables 108 152
Change in provisions and pension obligations (3) (22)
Other working capital (32) (3)
Net cash flows (used in) / from operating activities (6) 81
Purchases of property, plant and equipment (97) (120)
Proceeds from disposal net of cash 0 0
Equity contribution and loan to joint-ventures (13) (24)
Other investing activities 6 9
Net cash flows used in investing activities (104) (135)
Proceeds from issuance of Senior Notes   610
Repayment of Senior Notes   (610)
Proceeds / (Repayments) from revolving credit facilities and other loans 10 18
Payment of deferred financing costs and exit fees   (42)
Other financing activities (3) 22
Net cash flows from / (used in) financing activities 7 (2)
Net (decrease) / increase in cash and cash equivalents (103) (56)
Cash and cash equivalents-beginning of period 269 347
Effect of exchange rate changes on cash and cash equivalents   (5)
Cash and cash equivalents-end of period € 166 € 286