Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Operating activities |
|
|
| Net income (loss) |
$ 237
|
$ (4)
|
| Adjustments to reconcile net income (loss) to cash used for operating activities: |
|
|
| Depreciation and amortization |
212
|
201
|
| Amortization of debt issuance costs and discount |
15
|
5
|
| Gain on sale of assets and business |
(258)
|
0
|
| Equity in earnings of affiliates |
(17)
|
(18)
|
| Deferred tax benefits |
(29)
|
(86)
|
| Asset related charges |
109
|
191
|
| Other operating charges and credits, net |
33
|
17
|
| (Increase) decrease in operating assets: |
|
|
| Accounts and notes receivable - trade, net |
(63)
|
(250)
|
| Inventories and other operating assets |
113
|
(29)
|
| Decrease in operating liabilities: |
|
|
| Accounts payable and other operating liabilities |
(28)
|
(147)
|
| Cash provided by (used for) operating activities |
324
|
(120)
|
| Investing activities |
|
|
| Purchases of property, plant and equipment |
(235)
|
(392)
|
| Proceeds from sales of assets and business, net of cash transferred |
707
|
8
|
| Foreign exchange contract settlements |
(1)
|
61
|
| Investment in affiliates |
(2)
|
(32)
|
| Cash provided by (used for) investing activities |
469
|
(355)
|
| Financing activities |
|
|
| Proceeds from issuance of debt, net |
0
|
3,490
|
| Debt repayments |
(212)
|
(6)
|
| Deferred financing fees |
(2)
|
(79)
|
| Dividends paid |
(16)
|
(100)
|
| Cash provided at separation by DuPont |
0
|
247
|
| Net transfers (to) from DuPont |
0
|
(2,857)
|
| Cash (used for) provided by financing activities |
(230)
|
695
|
| Effect of exchange rate changes on cash and cash equivalents |
28
|
(5)
|
| Increase in cash and cash equivalents |
591
|
215
|
| Cash and cash equivalents at beginning of period |
366
|
0
|
| Cash and cash equivalents at end of period |
957
|
215
|
| Non-cash investing activities: |
|
|
| Change in property, plant and equipment included in accounts payable |
$ 9
|
$ (42)
|