Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions |
6 Months Ended |
Jun. 30, 2017 |
Jun. 30, 2016 |
| Proceeds from Divestiture of Businesses, Net of Cash Divested |
$ 52
|
$ 0
|
| Proceeds from Sale of Productive Assets |
0
|
41
|
| Operating activities: |
|
|
| Net income attributable to controlling and noncontrolling interests |
845
|
730
|
| Less: Income from discontinued operations |
(3)
|
(50)
|
| Income from continuing operations |
842
|
680
|
| Adjustments to reconcile net income to cash from operations: |
|
|
| Depreciation and amortization |
223
|
218
|
| Pension expense |
34
|
32
|
| Pension settlement charge |
22
|
0
|
| Stock-based compensation expense |
24
|
26
|
| Gain (Loss) on Disposition of Business |
(25)
|
0
|
| Gain (Loss) on Sale of Equity Investments |
0
|
20
|
| Equity affiliate earnings, net of distributions received |
3
|
(5)
|
| Deferred income tax (benefit) expense |
(43)
|
200
|
| Cash contributions to pension plans |
(37)
|
(13)
|
| Cash used for restructuring actions |
(20)
|
(29)
|
| Cash Paid for Asbestos Settlement Funding |
0
|
(813)
|
| Change in certain asset and liability accounts: |
|
|
| Receivables |
(406)
|
(362)
|
| Inventories |
(185)
|
(104)
|
| Other current assets |
(52)
|
(29)
|
| Accounts payable and accrued liabilities |
141
|
160
|
| Taxes and interest payable |
(123)
|
(104)
|
| Noncurrent assets and liabilities, net |
(14)
|
41
|
| Other |
50
|
43
|
| Cash from operating activities - continuing operations |
434
|
(79)
|
| Cash from operating activities - discontinued operations |
12
|
78
|
| Cash from operating activities |
446
|
(1)
|
| Investing activities: |
|
|
| Capital expenditures |
(135)
|
(149)
|
| Business acquisitions, net of cash balances acquired |
(62)
|
(10)
|
| Proceeds from maturity of short-term investments |
0
|
92
|
| Payments for the settlement of cross currency swap contracts |
(34)
|
(36)
|
| Proceeds from the settlement of cross currency swap and foreign currency contracts |
19
|
19
|
| Other |
2
|
9
|
| Cash used for investing activities - continuing operations |
(258)
|
(34)
|
| Cash used for investing activities - discontinued operations |
(3)
|
(19)
|
| Cash used for investing activities |
(261)
|
(53)
|
| Payments to Acquire Equity Method Investments |
(100)
|
0
|
| Financing activities: |
|
|
| Net change in borrowing with maturities of three months or less |
(3)
|
1
|
| Net (payments) proceeds on commercial paper and short-term debt |
(61)
|
988
|
| Repayment of long-term debt |
(8)
|
(249)
|
| Purchase of treasury stock |
(163)
|
(150)
|
| Issuance of treasury stock |
20
|
23
|
| Dividends paid |
(205)
|
(203)
|
| Payments Related to Tax Withholding for Share-based Compensation |
(20)
|
(24)
|
| Other |
(50)
|
(21)
|
| Cash used for financing activities |
(490)
|
365
|
| Effect of currency exchange rate changes on cash and cash equivalents |
54
|
(17)
|
| Net decrease in cash and cash equivalents |
(251)
|
294
|
| Cash and cash equivalents, beginning of period |
1,820
|
1,311
|
| Cash and cash equivalents, end of period |
1,569
|
1,605
|
| Interest paid, net of amount capitalized |
52
|
63
|
| Taxes paid, net of refunds |
$ 326
|
$ 185
|