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CONDENSED CONSOLIDATED CASH FLOWS (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net earnings $ 211 $ 262
Loss from discontinued operations 13 2
Non-cash charges (credits):    
Depreciation 180 191
Amortization of intangibles and other deferred items 19 16
Amortization of finance fees and debt discount 16 16
Pension expense 52 44
Restructuring, asset impairment and related charges 10  
Other 34 31
Pension contributions (17) (39)
Asbestos-related payments (49) (58)
Cash paid for restructuring activities (47) (40)
Change in non-current assets and liabilities (49) (39)
Change in components of working capital (351) (380)
Cash provided by continuing operating activities 22 6
Cash utilized in discontinued operating activities (5) (2)
Total cash provided by operating activities 17 4
Cash flows from investing activities:    
Additions to property, plant and equipment (164) (124)
Acquisitions, net of cash acquired   (5)
Net cash proceeds related to sale of assets and other 6 20
Proceeds from collection of (payments to fund) minority partner loan (4) 9
Cash utilized in investing activities (162) (100)
Cash flows from financing activities:    
Additions to long-term debt 674 119
Repayments of long-term debt (724) (128)
Increase in short-term loans 59 31
Net receipts (payments) for hedging activity (6) 27
Payment of finance fees (7)  
Dividends paid to noncontrolling interests (21) (23)
Treasury shares purchased (10)  
Issuance of common stock and other 6 1
Cash provided by (utilized in) financing activities (29) 27
Effect of exchange rate fluctuations on cash (8) 5
Decrease in cash (182) (64)
Cash at beginning of period 431 400
Cash at end of period $ 249 $ 336