Registration of securities issued in business combination transactions

CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details 3)

v3.3.1.900
CONDENSED CONSOLIDATING FINANCIAL INFORMATION (Details 3) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Jun. 30, 2015
Mar. 31, 2015
Sep. 30, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Condensed consolidating statements of cash flows            
Net cash provided by (used in) by operating activities       $ 570 $ 754 $ 734
Investing Activities:            
Capital expenditures       (663) (601) (471)
Cash received from unconsolidated affiliates       48 51 71
Investment in unconsolidated affiliates       (54) (108) (104)
Acquisition of businesses, net of cash acquired       (14) (960) (66)
Cash received from purchase price adjustment for business acquired $ 18     18    
Proceeds from sale of businesses/assets       1 15 2
Decrease (increase) in receivable from affiliate       1 (2) (48)
Cash received from termination of cross-currency interest rate contracts       66    
Change in restricted cash       (3)    
Other, net       1 (2) 2
Net cash provided by (used in) investing activities       (599) (1,607) (614)
Financing activities:            
Net repayments under revolving loan facilities       (1) (1) (4)
Net borrowings on overdraft facilities       (8) (5) (9)
Repayments of short-term debt         (8) (18)
Borrowings on short-term debt       12 15 15
Repayments of long-term debt       (604) (418) (840)
Proceeds from issuance of long-term debt       326 1,792 979
Repayments of notes payable to affiliate       (148) (122)  
Proceeds from notes payable to affiliate       195   177
Repayments of notes payable       (33) (34) (40)
Borrowings on notes payable       34 33 35
Debt issuance costs paid       (8) (67) (11)
Call premiums related to early extinguishment of debt       (35) (24) (4)
Contingent consideration paid for business acquired       (4) (6)  
Dividends paid to noncontrolling interests       (14) (4)  
Dividends paid to parent       (121) (97) (96)
Excess tax benefit related to stock-based compensation       1 1 1
Other, net         4 3
Net cash (used in) provided by financing activities       (408) 1,059 188
Effect of exchange rate changes on cash       (16) (11) (3)
(Decrease) increase in cash and cash equivalents       (453) 195 305
Cash and cash equivalents at beginning of period   $ 710 [1]   710 [1] 515 210
Cash and cash equivalents at end of period       257 [1] 710 [1] 515
Noncash capital contribution between guarantor and nonguarantor entities   284 $ 116      
Noncash capital contribution between parent and guarantor entities   123        
Reportable legal entities | Parent Company            
Condensed consolidating statements of cash flows            
Net cash provided by (used in) by operating activities       (23) 25 113
Investing Activities:            
Capital expenditures       (70) (85) (52)
Investment in affiliate       34 38 68
Acquisition of businesses, net of cash acquired         (1,038) (66)
Cash received from purchase price adjustment for business acquired       18    
Proceeds from sale of businesses/assets         3  
Decrease (increase) in receivable from affiliate       1 (2) (48)
Cash received from termination of cross-currency interest rate contracts       66    
Other, net       1   (2)
Net cash provided by (used in) investing activities       50 (1,084) (100)
Financing activities:            
Repayments of long-term debt       (548) (372) (761)
Proceeds from issuance of long-term debt       326 1,792 978
Repayments of notes payable to affiliate       (148) (122)  
Proceeds from notes payable to affiliate       201   177
Repayments of notes payable       (32) (32) (33)
Borrowings on notes payable       32 31 33
Debt issuance costs paid       (8) (67) (11)
Call premiums related to early extinguishment of debt       (35) (24) (4)
Contingent consideration paid for business acquired       (4) (6)  
Dividends paid to parent       (121) (97) (96)
Excess tax benefit related to stock-based compensation       1 1 1
Other, net           4
Net cash (used in) provided by financing activities       (336) 1,104 288
(Decrease) increase in cash and cash equivalents       (309) 45 301
Cash and cash equivalents at beginning of period   353   353 308 7
Cash and cash equivalents at end of period       44 353 308
Reportable legal entities | Guarantors            
Condensed consolidating statements of cash flows            
Net cash provided by (used in) by operating activities       277 252 167
Investing Activities:            
Capital expenditures       (267) (223) (134)
Cash received from unconsolidated affiliates       48 48 71
Investment in affiliate       3 (10) (11)
Investment in unconsolidated affiliates       (42) (37) (60)
Net cash provided by (used in) investing activities       (258) (222) (134)
Financing activities:            
Contribution from parent       5 11 11
Distribution to parent       (27) (34) (44)
Dividends paid to parent       (2) (2) (2)
Other, net         1  
Net cash (used in) provided by financing activities       (24) (24) (35)
(Decrease) increase in cash and cash equivalents       (5) 6 (2)
Cash and cash equivalents at beginning of period   6   6   2
Cash and cash equivalents at end of period       1 6  
Reportable legal entities | Nonguarantors            
Condensed consolidating statements of cash flows            
Net cash provided by (used in) by operating activities       318 480 456
Investing Activities:            
Capital expenditures       (326) (293) (285)
Cash received from unconsolidated affiliates         3  
Investment in affiliate       (6)    
Investment in unconsolidated affiliates       (12) (71) (44)
Acquisition of businesses, net of cash acquired       (14) 78  
Proceeds from sale of businesses/assets       1 12 2
Change in restricted cash       (3)    
Other, net         (2) 4
Net cash provided by (used in) investing activities       (360) (273) (323)
Financing activities:            
Net repayments under revolving loan facilities       (1) (1) (4)
Net borrowings on overdraft facilities       (8) (5) (9)
Repayments of short-term debt         (8) (18)
Borrowings on short-term debt       12 15 15
Repayments of long-term debt       (56) (46) (79)
Proceeds from issuance of long-term debt           1
Repayments of notes payable       (1) (2) (7)
Borrowings on notes payable       2 2 2
Contribution from parent       (7) (4) (24)
Dividends paid to noncontrolling interests       (14) (4)  
Distribution to parent       (8) (1)  
Other, net         2 (1)
Net cash (used in) provided by financing activities       (81) (52) (124)
Effect of exchange rate changes on cash       (16) (11) (3)
(Decrease) increase in cash and cash equivalents       (139) 144 6
Cash and cash equivalents at beginning of period   $ 351   351 207 201
Cash and cash equivalents at end of period       212 351 207
Eliminations            
Condensed consolidating statements of cash flows            
Net cash provided by (used in) by operating activities       (2) (3) (2)
Investing Activities:            
Investment in affiliate       (31) (28) (57)
Net cash provided by (used in) investing activities       (31) (28) (57)
Financing activities:            
Proceeds from notes payable to affiliate       (6)    
Contribution from parent       2 (7) 13
Distribution to parent       35 35 44
Dividends paid to parent       2 2 2
Other, net         1  
Net cash (used in) provided by financing activities       $ 33 $ 31 $ 59
[1] At December 31, 2015 and December 31, 2014, respectively, $34 and $46 of cash and cash equivalents, $12 and $10 of restricted cash, $26 and $41 of accounts and notes receivable (net), $54 and $68 of inventories, $5 and $6 of other current assets, $307 and $339 of property, plant and equipment (net), $36 and $40 of intangible assets (net), $38 and $27 of other noncurrent assets, $82 and $92 of accounts payable, $27 and $37 of accrued liabilities, $15 and $172 of current portion of debt, $137 and $36 of longterm debt, and $54 and $97 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”