| Year
Ended December 31, |
|
2008 |
|
|
2007 |
|
|
2006 |
|
| (Millions) |
|
|
|
| Operating
Activities |
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
|
$ |
(415 |
) |
|
$ |
(5 |
) |
|
$ |
49 |
|
| Adjustments to
reconcile net income (loss) to cash provided by operating activities — |
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation and
amortization of other intangibles |
|
|
222 |
|
|
|
205 |
|
|
|
184 |
|
| Goodwill impairment
charge |
|
|
114 |
|
|
|
— |
|
|
|
— |
|
| Deferred income taxes |
|
|
204 |
|
|
|
25 |
|
|
|
(41 |
) |
| Stock-based
compensation |
|
|
10 |
|
|
|
9 |
|
|
|
7 |
|
| Loss on sale of
assets |
|
|
10 |
|
|
|
8 |
|
|
|
3 |
|
| Changes in components
of working capital — |
|
|
|
|
|
|
|
|
|
|
|
|
| (Increase) decrease
in receivables |
|
|
126 |
|
|
|
(116 |
) |
|
|
(24 |
) |
| (Increase) decrease
in inventories |
|
|
19 |
|
|
|
(66 |
) |
|
|
(57 |
) |
| (Increase) decrease
in prepayments and other current assets |
|
|
1 |
|
|
|
15 |
|
|
|
(25 |
) |
| Increase (decrease)
in payables |
|
|
(181 |
) |
|
|
100 |
|
|
|
91 |
|
| Increase (decrease)
in accrued taxes |
|
|
4 |
|
|
|
(25 |
) |
|
|
15 |
|
| Increase (decrease)
in accrued interest |
|
|
— |
|
|
|
(10 |
) |
|
|
2 |
|
| Increase (decrease)
in other current liabilities |
|
|
— |
|
|
|
19 |
|
|
|
5 |
|
| Change in long-term
assets |
|
|
16 |
|
|
|
6 |
|
|
|
3 |
|
| Change in long-term
liabilities |
|
|
19 |
|
|
|
(13 |
) |
|
|
(11 |
) |
| Other |
|
|
11 |
|
|
|
6 |
|
|
|
2 |
|
| Net cash provided by
operating activities |
|
|
160 |
|
|
|
158 |
|
|
|
203 |
|
Investing
Activities |
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from sale of
assets |
|
|
3 |
|
|
|
10 |
|
|
|
17 |
|
| Cash payments for
plant, property, and equipment |
|
|
(233 |
) |
|
|
(177 |
) |
|
|
(177 |
) |
| Cash payments for
software related intangible assets |
|
|
(15 |
) |
|
|
(19 |
) |
|
|
(13 |
) |
| Cash payment for net
assets purchased |
|
|
— |
|
|
|
(16 |
) |
|
|
— |
|
| Acquisition of
businesses (net of cash acquired) |
|
|
(16 |
) |
|
|
— |
|
|
|
— |
|
| Investments and other |
|
|
— |
|
|
|
— |
|
|
|
1 |
|
| Net cash used by
investing activities |
|
|
(261 |
) |
|
|
(202 |
) |
|
|
(172 |
) |
Financing
Activities |
|
|
|
|
|
|
|
|
|
|
|
|
| Issuance of common
shares |
|
|
2 |
|
|
|
8 |
|
|
|
17 |
|
| Issuance of long-term
debt |
|
|
1 |
|
|
|
400 |
|
|
|
— |
|
| Debt issuance costs
on long-term debt |
|
|
(2 |
) |
|
|
(11 |
) |
|
|
— |
|
| Increase (decrease)
in bank overdrafts |
|
|
(1 |
) |
|
|
7 |
|
|
|
— |
|
| Retirement of
long-term debt |
|
|
(6 |
) |
|
|
(591 |
) |
|
|
(4 |
) |
| Net increase
(decrease) in revolver borrowings and short-term debt excluding current
maturities of long-term debt |
|
|
77 |
|
|
|
183 |
|
|
|
3 |
|
| Distribution to
minority interest partners |
|
|
(13 |
) |
|
|
(6 |
) |
|
|
(4 |
) |
| Net cash provided
(used) by financing activities |
|
|
58 |
|
|
|
(10 |
) |
|
|
12 |
|
| Effect of foreign
exchange rate changes on cash and cash equivalents |
|
|
(19 |
) |
|
|
40 |
|
|
|
18 |
|
| Increase (decrease)
in cash and cash equivalents |
|
|
(62 |
) |
|
|
(14 |
) |
|
|
61 |
|
| Cash and cash equivalents,
January 1 |
|
|
188 |
|
|
|
202 |
|
|
|
141 |
|
| Cash and cash
equivalents, December 31 (Note) |
|
$ |
126 |
|
|
$ |
188 |
|
|
$ |
202 |
|
Supplemental Cash
Flow Information |
|
|
|
|
|
|
|
|
|
|
|
|
| Cash paid during the
year for interest |
|
$ |
117 |
|
|
$ |
177 |
|
|
$ |
137 |
|
| Cash paid during the
year for income taxes (net of refunds) |
|
|
62 |
|
|
|
60 |
|
|
|
26 |
|
Non-cash Investing
and Financing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
| Period ended balance
of payables for plant, property, and equipment |
|
$ |
28 |
|
|
$ |
40 |
|
|
$ |
18 |
|
| Assumption of debt
from business acquisition |
|
|
10 |
|
|
|
— |
|
|
|
— |
|
