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CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities:      
Net earnings (loss) $ (382) $ 282 $ 202
Loss (gain) from discontinued operations 3 (113) 3
Non-cash charges (credits):      
Depreciation 390 388 387
Amortization of intangibles and other deferred items 109 106 101
Amortization of finance fees and debt discount 10 13 13
Deferred tax provision (benefit) 7 (9) (12)
Pension expense 32 32 29
Restructuring, asset impairment and related charges 69 92 72
Charges for asbestos-related cost 35 125 0
Pension settlement charges 26 74 218
Goodwill impairment charge 595    
Gain on sale of equity investment (107)    
Other asset impairments 22    
Pension contributions (33) (34) (31)
Asbestos-related payments (151) (105) (110)
Cash paid for restructuring activities (54) (32) (62)
Change in components of working capital (176) 15 (89)
Other, net 13 (41) 3
Cash provided by continuing operating activities 408 793 724
Cash utilized in discontinued operating activities (3) (2) (3)
Total cash provided by operating activities 405 791 721
Investing activities:      
Cash payments for property, plant and equipment (426) (536) (441)
Acquisitions, net of cash acquired (190) (123) (39)
Contributions and advances to joint ventures (22) (52)  
Net cash proceeds on disposal of assets 197 11 14
Other, net 4 2  
Cash utilized in continuing investing activities (437) (698) (466)
Cash provided by discontinued investing activities     115
Total cash utilized in investing activities (437) (698) (351)
Financing activities:      
Additions to long-term debt 4,265 2,511 1,458
Repayments of long-term debt (4,099) (2,353) (1,764)
Increase (decrease) in short-term loans 49 (18) (36)
Payment of finance fees (85) (13) (28)
Dividends paid (31)    
Net cash proceeds for hedging activity 28    
Distributions paid to noncontrolling interests (17) (22) (17)
Treasury shares repurchased (38) (163)  
Issuance of common stock and other (4) 5 (5)
Cash provided by (utilized in) financing activities 68 (53) (392)
Effect of exchange rate fluctuations on cash 3 (20) 22
Increase in cash 39 20  
Cash and cash equivalents at beginning of period 512 492 492
Cash and cash equivalents at end of period $ 551 $ 512 $ 492