XML 96 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 28, 2013
Dec. 29, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income (loss) $ (20) $ (77) $ 96
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 209 203 211
Charges for losses on inventories and receivables 59 65 56
Earnings from equity method investments (14) (30) (31)
Loss on extinguishment of debt   13  
Recovery of purchase price   (58)  
Pension plan funding   (58)  
Dividends received     25
Asset impairments 70 139 11
Compensation expense for share-based payments 38 14 14
Gain on disposition of joint venture (382)    
Deferred income taxes and deferred tax asset valuation allowances 8 1 (15)
Loss (gain) on disposition of assets (3) (2) 4
Other 5 5 9
Changes in assets and liabilities:      
Decrease (increase) in receivables (2) 44 100
Decrease (increase) in inventories (34) 53 54
Net decrease (increase) in prepaid expenses and other assets (2)   26
Net decrease in trade accounts payable, accrued expenses and other current and other long-term liabilities (39) (133) (360)
Total adjustments (87) 256 104
Net cash provided by (used in) operating activities (107) 179 200
Cash flows from investing activities:      
Capital expenditures (137) (120) (130)
Acquired cash in Merger and acquisition, net of cash acquired in 2011 457   (73)
Proceeds from disposition of joint venture, net 675    
Return of investment in Boise Cascade Holdings, L.L.C. 35    
Recovery of purchase price   50  
Release of restricted cash   9 47
Restricted cash (4)   (9)
Proceeds from disposition of assets and other 2 31 8
Net cash provided by (used in) investing activities 1,028 (30) (157)
Cash flows from financing activities:      
Net proceeds from employee share-based transactions 3 2  
Advance received     9
Payment for noncontrolling interests   (1) (1)
Loss on extinguishment of debt   (13)  
Debt retirement (150) (250)  
Debt issuance   250  
Debt related fees (1) (8) (10)
Redemption of redeemable preferred stock (407)    
Dividends on redeemable preferred stock (63)   (37)
Proceeds from issuance of borrowings 23 22 10
Payments on long- and short-term borrowings (45) (57) (69)
Net cash used in financing activities (640) (55) (98)
Effect of exchange rate changes on cash and cash equivalents 3 6 (1)
Net increase (decrease) in cash and cash equivalents 284 100 (56)
Cash and cash equivalents at beginning of period 671 571 627
Cash and cash equivalents at end of period $ 955 $ 671 $ 571