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CONSOLIDATED CASH FLOWS (USD $)
In Millions, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2009
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities:        
Net earnings (loss)   $ (490) $ (5) $ 198
Earnings from discontinued operations     (31) (66)
(Gain) loss on disposal of discontinued operations   (1) 331  
Non-cash charges (credits):        
Depreciation   405 369 364
Amortization of intangibles and other deferred items   17 22 21
Amortization of finance fees and debt discount   32 19 10
Deferred tax expense (benefit)   (42) (12) 16
Non-cash tax benefit     (8) (48)
Pension expense   91 73 45
Restructuring and asset impairment   112 13 207
Charges for acquisition-related costs     26  
Future asbestos-related costs 180 165 170 180
Charge for goodwill impairment   641    
Other   50 25 52
Pension contributions   (59) (23) (123)
Asbestos-related payments   (170) (179) (190)
Cash paid for restructuring activities   (39) (61) (65)
Change in non-current assets and liabilities   (100) (58) (28)
Change in components of working capital   (107) (71) 156
Cash provided by continuing operating activities   505 600 729
Cash provided by (utilized in) discontinued operating activities   (2) (8) 71
Total cash provided by operating activities   503 592 800
Investing activities:        
Additions to property, plant, and equipment - continuing   (285) (500) (407)
Additions to property, plant, and equipment - discontinued     (3) (21)
Acquisitions, net of cash acquired   (144) (817) (5)
Net cash proceeds related to sale of assets and other   3 6 15
Cash utilized in investing activities   (426) (1,314) (418)
Financing activities:        
Additions to long-term debt   1,465 1,392 1,080
Repayments of long-term debt   (1,797) (573) (832)
Increase (decrease) in short-term loans - continuing   80 (39) (85)
Increase (decrease) in short-term loans - discontinued     (2) 6
Net receipts (payments) for hedging activity   (22) 21 14
Payment of finance fees   (19) (33) (14)
Dividends paid to noncontrolling interests - continuing   (35) (25) (35)
Dividends paid to noncontrolling interests - discontinued       (27)
Treasury shares purchased     (199)  
Issuance of common stock and other   5 5 7
Cash provided by (utilized in) financing activities   (323) 547 114
Effect of exchange rate fluctuations on cash   6 3 (64)
Increase (decrease) in cash   (240) (172) 432
Cash at beginning of year   640 812 380
Cash at end of year 812 400 640 812
Cash - discontinued operations 57     57
Cash - continuing operations $ 755 $ 400 $ 640 $ 755