Registration of securities issued in business combination transactions

CONSOLIDATED STATEMENTS OF CASH FLOWS

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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],[2] 210 [1] 231
Supplemental cash flow information:      
Cash paid for interest 205 209 205
Cash paid for income taxes $ 44 $ 129 $ 44
[1] At December 31, 2013 and 2012, respectively, $39 and $28 of cash and cash equivalents, $9 each of restricted cash, $41 and $38 of accounts and notes receivable (net), $54 and $55 of inventories, $3 and nil of other current assets, $369 and $378 of property, plant and equipment (net), $17 and $19 of intangible assets (net), $28 each of other noncurrent assets, $73 and $76 of accounts payable, $32 and $26 of accrued liabilities, $183 and $193 of current portion of debt, $64 and $77 of long-term debt, and $45 and $101 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See "Note 7. Variable Interest Entities."
[2] At March 31, 2014 and December 31, 2013, respectively, $34 and $39 of cash and cash equivalents, $9 each of restricted cash, $47 and $41 of accounts and notes receivable (net), $64 and $54 of inventories, $4 and $3 of other current assets, $363 and $369 of property, plant and equipment (net), $16 and $17 of intangible assets (net), $30 and $28 of other noncurrent assets, $85 and $73 of accounts payable, $30 and $32 of accrued liabilities, $179 and $183 of current portion of debt, $59 and $64 of long-term debt, and $43 and $45 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See "Note 5. Variable Interest Entities."