|
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Millions, unless otherwise specified
|
12 Months Ended |
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
| Operating Activities: |
|
|
|
|
|
| Net income |
$ 147 |
|
$ 375 |
|
$ 260 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
| Extraordinary gain on the acquisition of a business, net of tax |
|
|
(2) |
|
(4) |
| Loss (gain) on initial consolidation of subsidiaries |
|
|
4 |
|
(12) |
| Equity in income of investment in unconsolidated affiliates |
(8) |
|
(7) |
|
(8) |
| Depreciation and amortization |
424 |
|
408 |
|
416 |
| Provision for losses (gains) on accounts receivable |
2 |
|
4 |
|
(4) |
| Loss (gain) on disposal of businesses/assets, net |
5 |
|
|
|
(38) |
| Loss on early extinguishment of debt |
51 |
|
80 |
|
7 |
| Noncash interest expense |
23 |
|
45 |
|
51 |
| Noncash restructuring and impairment charges |
13 |
|
15 |
|
60 |
| Deferred income taxes |
56 |
|
76 |
|
40 |
| Noncash loss (gain) on foreign currency transactions |
31 |
|
11 |
|
(32) |
| Noncash compensation |
28 |
|
26 |
|
22 |
| Other, net |
|
|
(4) |
|
(1) |
| Changes in operating assets and liabilities: |
|
|
|
|
|
| Accounts and notes receivable |
(11) |
|
|
|
(121) |
| Inventories |
77 |
|
(248) |
|
(161) |
| Prepaid expenses |
(11) |
|
(3) |
|
(4) |
| Other current assets |
23 |
|
(1) |
|
(87) |
| Other noncurrent assets |
(113) |
|
103 |
|
2 |
| Accounts payable |
(24) |
|
134 |
|
13 |
| Accrued liabilities |
(39) |
|
41 |
|
108 |
| Other noncurrent liabilities |
60 |
|
(197) |
|
(75) |
| Net cash provided by operating activities |
734 |
|
860 |
|
432 |
| Investing Activities: |
|
|
|
|
|
| Capital expenditures |
(471) |
|
(412) |
|
(330) |
| Proceeds from settlements treated as reimbursement of capital expenditures |
|
|
|
|
3 |
| Cash received from unconsolidated affiliates |
71 |
|
82 |
|
32 |
| Investment in unconsolidated affiliates |
(104) |
|
(127) |
|
(26) |
| Acquisition of businesses, net of cash acquired |
(66) |
|
(18) |
|
(34) |
| Cash assumed in connection with the initial consolidation of a variable interest entity |
|
|
|
|
28 |
| Proceeds from sale of businesses/assets |
2 |
|
6 |
|
48 |
| Increase in receivable from affiliate |
(48) |
|
(108) |
|
(57) |
| Other, net |
2 |
|
(1) |
|
(1) |
| Net cash used in investing activities |
(614) |
|
(578) |
|
(337) |
| Financing Activities: |
|
|
|
|
|
| Net repayments under revolving loan facilities |
(4) |
|
(15) |
|
(2) |
| Net (repayments) on borrowings overdraft facilities |
(9) |
|
2 |
|
9 |
| Repayments of short-term debt |
(18) |
|
(53) |
|
(187) |
| Borrowings on short-term debt |
15 |
|
|
|
162 |
| Repayments of long-term debt |
(840) |
|
(694) |
|
(408) |
| Proceeds from issuance of long-term debt |
979 |
|
405 |
|
98 |
| Repayments of notes payable to affiliate |
|
|
(139) |
|
(105) |
| Proceeds from notes payable to affiliate |
177 |
|
299 |
|
105 |
| Repayments of notes payable |
(40) |
|
(37) |
|
(34) |
| Borrowings on notes payable |
35 |
|
34 |
|
35 |
| Debt issuance costs paid |
(11) |
|
(11) |
|
(7) |
| Call premiums related to early extinguishment of debt |
(4) |
|
(2) |
|
(6) |
| Dividends paid to parent |
(96) |
|
(96) |
|
(79) |
| Dividends paid to noncontrolling interest |
|
|
|
|
(9) |
| Excess tax benefit related to stock-based compensation |
1 |
|
4 |
|
10 |
| Other, net |
3 |
|
(3) |
|
|
| Net cash provided by (used in) financing activities |
188 |
|
(306) |
|
(418) |
| Effect of exchange rate changes on cash |
(3) |
|
3 |
|
(7) |
| Increase (decrease) in cash and cash equivalents |
305 |
|
(21) |
|
(330) |
| Cash and cash equivalents at beginning of period |
210 |
[1] |
231 |
|
561 |
| Cash and cash equivalents at end of period |
515 |
[1] |
210 |
[1] |
231 |
| Supplemental cash flow information: |
|
|
|
|
|
| Cash paid for interest |
205 |
|
209 |
|
205 |
| Cash paid for income taxes |
$ 44 |
|
$ 129 |
|
$ 44 |
|
|
|