| Year Ended
December 31, |
2000 |
1999 |
1998 |
| Increase
(Decrease) in Cash and Cash Equivalents |
|
|
|
| . |
|
|
|
| Operations |
|
|
|
| Net income |
$363 |
$431 |
$425 |
| Adjustments
to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation
and amortization |
471 |
445 |
467 |
| Deferred
income taxes |
35 |
53 |
11 |
| Repositioning
and special charges |
158 |
- |
29 |
| Other non-cash
charges |
10 |
19 |
9 |
| Working
capital: |
|
|
|
| Accounts
receivable |
(36) |
93 |
17 |
| Inventories |
(13) |
12 |
18 |
| Prepaid
and other current assets |
(22) |
20 |
(2) |
| Payables
and accruals |
31 |
(10) |
(6) |
| Long-term
assets and liabilities |
(98) |
(94) |
(24) |
| . |
|
|
|
| Net cash
provided by operating activities |
899 |
969 |
944 |
| . |
|
|
|
| . |
|
|
|
| Investing |
|
|
|
| Capital
expenditures |
(704) |
(653) |
(781) |
| Acquisitions |
(290) |
(136) |
(241) |
| Divestitures
and asset sales |
106 |
103 |
206 |
| . |
|
|
|
| Net cash
used for investing activities |
(888) |
(686) |
(816) |
| . |
|
|
|
| . |
|
|
|
| Financing |
|
|
|
| Short-term
debt borrowings (repayments)-net |
433 |
(167) |
(93) |
| Long-term
borrowings |
22 |
29 |
388 |
| Long-term
debt repayments |
(328) |
(109) |
(331) |
| Minority
transactions and other |
(64) |
78 |
(31) |
| Issuances
of common stock |
124 |
89 |
109 |
| Purchases
of common stock |
(144) |
(73) |
(97) |
| Dividends |
(98) |
(89) |
(79) |
| . |
|
|
|
| Net cash
used for financing activities |
(55) |
(242) |
(134) |
| Effect
of exchange rate changes on cash and cash equivalents |
(1) |
1 |
(3) |
| . |
|
|
|
| Change
in cash and cash equivalents |
(45) |
42 |
(9) |
| Cash and
cash equivalents, beginning-of-year |
76 |
34 |
43 |
| . |
|
|
|
| Cash and
cash equivalents, end-of-year |
$31 |
$76 |
$34 |
| . |
|
|
|
| Supplemental
Data: |
|
|
|
| Taxes paid
|
$80 |
$51 |
$66 |
| Interest
paid |
$227 |
$209 |
$265 |
| Debt reclassifications
(Note 5) |
$1,029 |
$627 |
$
- |
| Tax benefits
from stock option exercises (Note 1) |
$5 |
$16 |
$8 |
| South American
rights offering (Note 7) |
$
- |
$138 |
$
- |
| Effect
of functional currency change (Note 1) |
$
- |
$
- |
$81 |
| Acquired
debt from acquisitions |
$12 |
$
- |
$20 |
