CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (DETAIL) - USD ($)
$ in Millions |
9 Months Ended |
Sep. 30, 2015 |
Sep. 30, 2014 |
| NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES |
|
|
| NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES |
$ 384
|
$ 62
|
| NET CASH FLOW USED FOR INVESTING ACTIVITIES |
|
|
| Additions to plant and equipment |
(240)
|
(216)
|
| Proceeds from the sale of assets or affiliates |
3
|
65
|
| Purchases of alloy |
(8)
|
(25)
|
| Proceeds from sale of alloy |
8
|
25
|
| Net cash flow used for investing activities |
(237)
|
(162)
|
| NET CASH FLOW (USED FOR) PROVIDED BY FINANCING ACTIVITIES |
|
|
| Proceeds from senior revolving credit and receivables securitization facilities |
1,079
|
1,068
|
| Payments on senior revolving credit and receivables securitization facilities |
(1,082)
|
(919)
|
| Payments on long-term debt |
(8)
|
(1)
|
| Net increase (decrease) in short-term debt |
(10)
|
21
|
| Cash dividends paid |
(58)
|
(37)
|
| Purchases of treasury stock |
(86)
|
(44)
|
| Other intercompany loans |
0
|
0
|
| Other |
18
|
7
|
| Net cash flow (used for) provided by financing activities |
(147)
|
95
|
| Effect of exchange rate changes on cash |
(5)
|
(1)
|
| Net decrease in cash and cash equivalents |
(5)
|
(6)
|
| Cash and cash equivalents at beginning of period |
67
|
57
|
| Cash and cash equivalents at end of period |
62
|
|
| Payments to Acquire Businesses, Net of Cash Acquired |
0
|
12
|
| Proceeds from Insurance Settlement, Investing Activities |
|
0
|
| Derivative, Cash Received on Hedge |
|
(1)
|
| Parent Company |
|
|
| NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES |
|
|
| NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES |
(54)
|
(54)
|
| NET CASH FLOW USED FOR INVESTING ACTIVITIES |
|
|
| Additions to plant and equipment |
(16)
|
(9)
|
| Proceeds from the sale of assets or affiliates |
0
|
44
|
| Purchases of alloy |
0
|
0
|
| Proceeds from sale of alloy |
0
|
4
|
| Net cash flow used for investing activities |
(16)
|
39
|
| NET CASH FLOW (USED FOR) PROVIDED BY FINANCING ACTIVITIES |
|
|
| Proceeds from senior revolving credit and receivables securitization facilities |
943
|
1,018
|
| Payments on senior revolving credit and receivables securitization facilities |
(942)
|
(919)
|
| Payments on long-term debt |
(5)
|
0
|
| Net increase (decrease) in short-term debt |
0
|
0
|
| Cash dividends paid |
(58)
|
(37)
|
| Purchases of treasury stock |
(86)
|
(44)
|
| Other intercompany loans |
200
|
(10)
|
| Other |
18
|
7
|
| Net cash flow (used for) provided by financing activities |
70
|
15
|
| Effect of exchange rate changes on cash |
0
|
0
|
| Net decrease in cash and cash equivalents |
0
|
0
|
| Cash and cash equivalents at beginning of period |
0
|
0
|
| Cash and cash equivalents at end of period |
0
|
|
| Payments to Acquire Businesses, Net of Cash Acquired |
|
0
|
| Proceeds from Insurance Settlement, Investing Activities |
|
0
|
| Derivative, Cash Received on Hedge |
|
0
|
| Guarantor Subsidiaries |
|
|
| NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES |
|
|
| NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES |
221
|
131
|
| NET CASH FLOW USED FOR INVESTING ACTIVITIES |
|
|
| Additions to plant and equipment |
(170)
|
(120)
|
| Proceeds from the sale of assets or affiliates |
0
|
0
|
| Purchases of alloy |
0
|
0
|
| Proceeds from sale of alloy |
0
|
0
|
| Net cash flow used for investing activities |
(170)
|
(125)
|
| NET CASH FLOW (USED FOR) PROVIDED BY FINANCING ACTIVITIES |
|
|
| Proceeds from senior revolving credit and receivables securitization facilities |
0
|
0
|
| Payments on senior revolving credit and receivables securitization facilities |
0
|
0
|
| Payments on long-term debt |
(1)
|
0
|
| Net increase (decrease) in short-term debt |
(13)
|
0
|
| Cash dividends paid |
0
|
0
|
| Purchases of treasury stock |
0
|
0
|
| Other intercompany loans |
(36)
|
(3)
|
| Other |
0
|
0
|
| Net cash flow (used for) provided by financing activities |
(50)
|
(3)
|
| Effect of exchange rate changes on cash |
0
|
0
|
| Net decrease in cash and cash equivalents |
1
|
3
|
| Cash and cash equivalents at beginning of period |
1
|
3
|
| Cash and cash equivalents at end of period |
2
|
|
| Payments to Acquire Businesses, Net of Cash Acquired |
|
5
|
| Proceeds from Insurance Settlement, Investing Activities |
|
0
|
| Derivative, Cash Received on Hedge |
|
0
|
| Non Guarantor Subsidiaries |
|
|
| NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES |
|
|
| NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES |
217
|
(15)
|
| NET CASH FLOW USED FOR INVESTING ACTIVITIES |
|
|
| Additions to plant and equipment |
(54)
|
(87)
|
| Proceeds from the sale of assets or affiliates |
3
|
21
|
| Purchases of alloy |
(8)
|
(25)
|
| Proceeds from sale of alloy |
8
|
21
|
| Net cash flow used for investing activities |
(51)
|
(76)
|
| NET CASH FLOW (USED FOR) PROVIDED BY FINANCING ACTIVITIES |
|
|
| Proceeds from senior revolving credit and receivables securitization facilities |
136
|
50
|
| Payments on senior revolving credit and receivables securitization facilities |
(140)
|
0
|
| Payments on long-term debt |
(2)
|
(1)
|
| Net increase (decrease) in short-term debt |
3
|
21
|
| Cash dividends paid |
0
|
0
|
| Purchases of treasury stock |
0
|
0
|
| Other intercompany loans |
(164)
|
13
|
| Other |
0
|
0
|
| Net cash flow (used for) provided by financing activities |
(167)
|
83
|
| Effect of exchange rate changes on cash |
(5)
|
(1)
|
| Net decrease in cash and cash equivalents |
(6)
|
(9)
|
| Cash and cash equivalents at beginning of period |
66
|
54
|
| Cash and cash equivalents at end of period |
60
|
|
| Payments to Acquire Businesses, Net of Cash Acquired |
|
7
|
| Proceeds from Insurance Settlement, Investing Activities |
|
0
|
| Derivative, Cash Received on Hedge |
|
(1)
|
| Consolidation Eliminations |
|
|
| NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES |
|
|
| NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES |
0
|
0
|
| NET CASH FLOW USED FOR INVESTING ACTIVITIES |
|
|
| Additions to plant and equipment |
0
|
0
|
| Proceeds from the sale of assets or affiliates |
0
|
0
|
| Purchases of alloy |
0
|
0
|
| Proceeds from sale of alloy |
0
|
0
|
| Net cash flow used for investing activities |
0
|
0
|
| NET CASH FLOW (USED FOR) PROVIDED BY FINANCING ACTIVITIES |
|
|
| Proceeds from senior revolving credit and receivables securitization facilities |
0
|
0
|
| Payments on senior revolving credit and receivables securitization facilities |
0
|
0
|
| Payments on long-term debt |
0
|
0
|
| Net increase (decrease) in short-term debt |
0
|
0
|
| Cash dividends paid |
0
|
0
|
| Purchases of treasury stock |
0
|
0
|
| Other intercompany loans |
0
|
0
|
| Other |
0
|
0
|
| Net cash flow (used for) provided by financing activities |
0
|
0
|
| Effect of exchange rate changes on cash |
0
|
0
|
| Net decrease in cash and cash equivalents |
0
|
0
|
| Cash and cash equivalents at beginning of period |
0
|
0
|
| Cash and cash equivalents at end of period |
$ 0
|
|
| Payments to Acquire Businesses, Net of Cash Acquired |
|
0
|
| Proceeds from Insurance Settlement, Investing Activities |
|
0
|
| Derivative, Cash Received on Hedge |
|
$ 0
|