Condensed Combining Financial Information | Condensed Combining Financial Information Crown Cork & Seal Company, Inc. (Issuer), a wholly owned subsidiary, has $350 principal amount of 7.375% senior notes due 2026 and $45 principal amount of 7.5% senior notes due 2096 outstanding that are fully and unconditionally guaranteed by Crown Holdings, Inc. (Parent). No other subsidiary guarantees the debt. The following condensed combining financial statements: • statements of comprehensive income and cash flows for the years ended December 31, 2015, 2014 , 2013, and • balance sheets as of December 31, 2015 and December 31, 2014 are presented on the following pages to comply with the Company’s requirements under Rule 3-10 of Regulation S-X. CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the year ended December 31, 2015 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net sales $ 8,762 $ 8,762 Cost of products sold, excluding depreciation and amortization 7,116 7,116 Depreciation and amortization 237 237 Selling and administrative expense $ 10 380 390 Provision for asbestos 26 26 Restructuring and other (1 ) 67 66 Income from operations (35 ) 962 927 Loss from early extinguishments of debt 9 9 Net interest expense 100 159 259 Foreign exchange 20 20 Income/(loss) before income taxes (135 ) 774 639 Provision for / (benefit from) income taxes (35 ) 213 178 Equity earnings in affiliates $ 393 385 $ (778 ) — Net income 393 285 561 (778 ) 461 Net income attributable to noncontrolling interests (68 ) (68 ) Net income attributable to Crown Holdings $ 393 $ 285 $ 493 $ (778 ) $ 393 Total comprehensive income $ 4 $ 3 $ 168 $ (107 ) $ 68 Comprehensive income attributable to noncontrolling interests (64 ) (64 ) Comprehensive income attributable to Crown Holdings $ 4 $ 3 $ 104 $ (107 ) $ 4 CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the year ended December 31, 2014 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net sales $ 9,097 $ 9,097 Cost of products sold, excluding depreciation and amortization 7,525 7,525 Depreciation and amortization 190 190 Selling and administrative expense $ 10 388 398 Provision for asbestos 45 45 Restructuring and other 14 115 129 Income from operations (69 ) 879 810 Loss from early extinguishments of debt 34 34 Net interest expense 93 153 246 Foreign exchange 14 14 Income/(loss) before income taxes (162 ) 678 516 Provision for / (benefit from) income taxes (26 ) 67 41 Equity earnings in affiliates $ 387 500 $ (887 ) — Net income 387 364 611 (887 ) 475 Net income attributable to noncontrolling interests (88 ) (88 ) Net income attributable to Crown Holdings $ 387 $ 364 $ 523 $ (887 ) $ 387 Total comprehensive income $ 135 $ 112 $ 360 $ (383 ) $ 224 Comprehensive income attributable to noncontrolling interests (89 ) (89 ) Comprehensive income attributable to Crown Holdings $ 135 $ 112 $ 271 $ (383 ) $ 135 CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the year ended December 31, 2013 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net sales $ 8,656 $ 8,656 Cost of products sold, excluding depreciation and amortization $ (16 ) 7,196 7,180 Depreciation and amortization 134 134 Selling and administrative expense 6 419 425 Provision for asbestos 32 32 Restructuring and other (2 ) 36 34 Income from operations (20 ) 871 851 Loss from early extinguishments of debt 41 41 Net interest expense 101 130 231 Foreign exchange 3 3 Income/(loss) before income taxes (121 ) 697 576 Provision for / (benefit from) income taxes (28 ) 176 148 Equity earnings in affiliates $ 324 417 $ (741 ) — Net income 324 324 521 (741 ) 428 Net income attributable to noncontrolling interests (104 ) (104 ) Net income attributable to Crown Holdings $ 324 $ 324 $ 417 $ (741 ) $ 324 Total comprehensive income $ 425 $ 425 $ 620 $ (943 ) $ 527 Comprehensive income attributable to noncontrolling interests (102 ) (102 ) Comprehensive income attributable to Crown Holdings $ 425 $ 425 $ 518 $ (943 ) $ 425 CONDENSED COMBINING BALANCE SHEET As of December 31, 2015 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Assets Current assets Cash and cash equivalents $ 717 $ 717 Receivables, net 912 912 Inventories 1,213 1,213 Prepaid expenses and other current assets $ 2 205 207 Total current assets 2 3,047 3,049 Intercompany debt receivables 3,654 $ (3,654 ) — Investments $ 2,937 2,490 (5,427 ) — Goodwill and intangible assets 3,580 3,580 Property, plant and equipment, net 2,699 2,699 Other non-current assets 430 262 692 Total $ 2,937 $ 2,922 $ 13,242 $ (9,081 ) $ 10,020 Liabilities and equity Current liabilities Short-term debt $ 54 $ 54 Current maturities of long-term debt 209 209 Accounts payable and accrued liabilities $ 24 $ 41 2,580 2,645 Total current liabilities 24 41 2,843 2,908 Long-term debt, excluding current maturities 391 4,864 5,255 Long-term intercompany debt 2,769 885 $ (3,654 ) — Postretirement and pension liabilities 767 767 Other non-current liabilities 309 346 655 Commitments and contingent liabilities Noncontrolling interests 291 291 Crown Holdings shareholders’ equity 144 1,296 4,131 (5,427 ) 144 Total equity 144 1,296 4,422 (5,427 ) 435 Total $ 2,937 $ 2,922 $ 13,242 $ (9,081 ) $ 10,020 CONDENSED COMBINING BALANCE SHEET As of December 31, 2014 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Assets Current assets Cash and cash equivalents $ 965 $ 965 Receivables, net 1,031 1,031 Inventories 1,324 1,324 Prepaid expenses and other current assets $ 1 $ 69 181 251 Assets held for sale 48 48 Total current assets 1 69 3,549 3,619 Intercompany debt receivables 2,885 $ (2,885 ) — Investments 2,199 2,350 (4,549 ) — Goodwill and intangible assets 2,926 2,926 Property, plant and equipment, net 2,437 2,437 Other non-current assets 394 267 661 Total $ 2,200 $ 2,813 $ 12,064 $ (7,434 ) $ 9,643 Liabilities and equity Current liabilities Short-term debt $ 75 $ 75 Current maturities of long-term debt 175 175 Accounts payable and accrued liabilities $ 20 $ 35 2,596 2,651 Liabilities related to assets held for sale 23 23 Total current liabilities 20 35 2,869 2,924 Long-term debt, excluding current maturities 409 4,535 4,944 Long-term intercompany debt 2,061 824 $ (2,885 ) — Postretirement and pension liabilities 871 871 Other non-current liabilities 310 207 517 Commitments and contingent liabilities Noncontrolling interests 268 268 Crown Holdings shareholders’ equity 119 1,235 3,314 (4,549 ) 119 Total equity 119 1,235 3,582 (4,549 ) 387 Total $ 2,200 $ 2,813 $ 12,064 $ (7,434 ) $ 9,643 CONDENSED COMBINING STATEMENT OF CASH FLOWS For the year ended December 31, 2015 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net cash provided by/(used for) operating activities $ 33 $ (65 ) $ 988 $ 956 Cash flows from investing activities Capital expenditures (354 ) (354 ) Acquisition of businesses, net of cash acquired (1,207 ) (1,207 ) Proceeds from sale of businesses, net of cash sold 33 33 Proceeds from sale of property, plant and equipment 7 7 Intercompany investing activities (738 ) 21 738 $ (21 ) — Net investment hedge settlements (11 ) (11 ) Other (16 ) (16 ) Net cash provided by/(used for) investing activities (738 ) 21 (810 ) (21 ) (1,548 ) Cash flows from financing activities Proceeds from long-term debt 1,435 1,435 Payments of long-term debt (17 ) (883 ) (900 ) Net change in revolving credit facility and short-term debt (7 ) (7 ) Net change in long-term intercompany balances 708 61 (769 ) — Debt issuance costs (18 ) (18 ) Common stock issued 6 6 Common stock repurchased (9 ) (9 ) Dividends paid (21 ) 21 — Dividend paid to noncontrolling interests (48 ) (48 ) Contribution from noncontrolling interests 5 5 Foreign exchange derivatives related to debt (58 ) (58 ) Net cash provided by/(used for) financing activities 705 44 (364 ) 21 406 Effect of exchange rate changes on cash and cash equivalents (62 ) (62 ) Net change in cash and cash equivalents — — (248 ) — (248 ) Cash and cash equivalents at January 1 965 965 Cash and cash equivalents at December 31 $ — $ — $ 717 $ — $ 717 CONDENSED COMBINING STATEMENT OF CASH FLOWS For the year ended December 31, 2014 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net cash provided by/(used for) operating activities $ 25 $ (130 ) $ 1,017 $ 912 Cash flows from investing activities Capital expenditures (328 ) (328 ) Acquisition of businesses, net of cash acquired (733 ) (733 ) Proceeds from sale of businesses, net of cash sold 22 22 Proceeds from sale of property, plant and equipment 16 16 Intercompany investing activities (941 ) 56 941 $ (56 ) — Other 2 2 Net cash provided by/(used for) investing activities (941 ) 56 (80 ) (56 ) (1,021 ) Cash flows from financing activities Proceeds from long-term debt 2,742 2,742 Payments of long-term debt (1,752 ) (1,752 ) Net change in revolving credit facility and short-term debt (319 ) (319 ) Net change in long-term intercompany balances 904 74 (978 ) — Debt issuance costs (41 ) (41 ) Common stock issued 14 14 Common stock repurchased (2 ) (2 ) Dividends paid (56 ) 56 — Purchase of noncontrolling interests (93 ) (93 ) Dividend paid to noncontrolling interests (77 ) (77 ) Foreign exchange derivatives related to debt (27 ) (27 ) Net cash provided by/(used for) financing activities 916 74 (601 ) 56 445 Effect of exchange rate changes on cash and cash equivalents (60 ) (60 ) Net change in cash and cash equivalents — — 276 — 276 Cash and cash equivalents at January 1 689 689 Cash and cash equivalents at December 31 $ — $ — $ 965 $ — $ 965 CONDENSED COMBINING STATEMENT OF CASH FLOWS For the year ended December 31, 2013 (in millions) Parent Issuer Non- Guarantors Eliminations Total Company Net cash provided by/(used for) operating activities $ 16 $ 37 $ 832 $ 885 Cash flows from investing activities Capital expenditures (275 ) (275 ) Acquisition of businesses, net of cash acquired (16 ) (16 ) Proceeds from sale of business, net of cash sold 10 10 Proceeds from sale of property, plant and equipment 29 29 Intercompany investing activities 77 $ (77 ) — Other 6 6 Net cash provided by/(used for) investing activities 87 (256 ) (77 ) (246 ) Cash flows from financing activities Proceeds from long-term debt 1,083 1,083 Payments of long-term debt (1,022 ) (1,022 ) Net change in revolving credit facility and short-term debt 18 18 Net change in long-term intercompany balances 263 (124 ) (139 ) — Debt issuance costs (32 ) (32 ) Common stock issued 21 21 Common stock repurchased (300 ) (300 ) Dividends paid (77 ) 77 — Purchase of noncontrolling interests (16 ) (16 ) Dividend paid to noncontrolling interests (78 ) (78 ) Foreign exchange derivatives related to debt 20 20 Net cash provided by/(used for) financing activities (16 ) (124 ) (243 ) 77 (306 ) Effect of exchange rate changes on cash and cash equivalents 6 6 Net change in cash and cash equivalents — — 339 — 339 Cash and cash equivalents at January 1 350 350 Cash and cash equivalents at December 31 $ — $ — $ 689 $ — $ 689 Crown Americas, LLC, Crown Americas Capital Corp. II and Crown Americas Capital Corp. III (collectively, the Issuers), wholly owned subsidiaries of the Company, have outstanding $700 principal amount of 6.25% senior notes due 2021 and $1,000 principal amount of 4.5% senior notes due 2023 , which are fully and unconditionally guaranteed by Crown Holdings, Inc. (Parent) and substantially all subsidiaries in the United States. The guarantors are wholly owned by the Company and the guarantees are made on a joint and several basis. The following condensed combining financial statements: • statements of comprehensive income and cash flows for the years ended December 31, 2015, 2014 , 2013, and • balance sheets as of December 31, 2015 and December 31, 2014 are presented on the following pages to comply with the Company’s requirements under Rule 3-10 of Regulation S-X. CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the year ended December 31, 2015 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net sales $ 2,013 $ 6,749 $ 8,762 Cost of products sold, excluding depreciation and amortization 1,611 5,505 7,116 Depreciation and amortization 32 205 237 Selling and administrative expense $ 9 153 228 390 Provision for asbestos 26 26 Restructuring and other 7 59 66 Income from operations (9 ) 184 752 927 Loss from early extinguishments of debt 9 9 Net interest expense 91 90 78 259 Technology royalty (42 ) 42 — Foreign exchange (8 ) 3 17 $ 8 20 Income/(loss) before income taxes (101 ) 133 615 (8 ) 639 Provision for / (benefit from) income taxes (38 ) 79 140 (3 ) 178 Equity earnings in affiliates $ 393 183 231 (807 ) — Net income 393 120 285 475 (812 ) 461 Net income attributable to noncontrolling interests (68 ) (68 ) Net income attributable to Crown Holdings $ 393 $ 120 $ 285 $ 407 $ (812 ) $ 393 Total comprehensive income $ 4 $ 146 $ 64 $ 46 $ (192 ) $ 68 Comprehensive income attributable to noncontrolling interests (64 ) (64 ) Comprehensive income attributable to Crown Holdings $ 4 $ 146 $ 64 $ (18 ) $ (192 ) $ 4 CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the year ended December 31, 2014 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net sales $ 2,154 $ 6,943 $ 9,097 Cost of products sold, excluding depreciation and amortization 1,725 5,800 7,525 Depreciation and amortization 31 159 190 Selling and administrative expense $ 9 144 245 398 Provision for asbestos 45 45 Restructuring and other 5 44 80 129 Income from operations (14 ) 165 659 810 Loss from early extinguishments of debt 34 34 Net interest expense 58 90 98 246 Technology royalty (48 ) 48 — Foreign exchange 14 14 Income/(loss) before income taxes (72 ) 123 465 516 Provision for / (benefit from) income taxes (27 ) 86 (18 ) 41 Equity earnings in affiliates $ 387 222 327 $ (936 ) — Net income 387 177 364 483 (936 ) 475 Net income attributable to noncontrolling interests (88 ) (88 ) Net income attributable to Crown Holdings $ 387 $ 177 $ 364 $ 395 $ (936 ) $ 387 Total comprehensive income $ 135 $ 67 $ 112 $ 340 $ (430 ) $ 224 Comprehensive income attributable to noncontrolling interests (89 ) (89 ) Comprehensive income attributable to Crown Holdings $ 135 $ 67 $ 112 $ 251 $ (430 ) $ 135 CONDENSED COMBINING STATEMENT OF COMPREHENSIVE INCOME For the year ended December 31, 2013 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net sales $ 2,214 $ 6,442 $ 8,656 Cost of products sold, excluding depreciation and amortization 1,746 5,434 7,180 Depreciation and amortization 29 105 134 Selling and administrative expense $ 9 154 262 425 Provision for asbestos 32 32 Restructuring and other 2 32 34 Income from operations (9 ) 251 609 851 Loss from early extinguishments of debt 39 2 41 Net interest expense 46 91 94 231 Technology royalty (48 ) 48 — Foreign exchange 3 3 Income/(loss) before income taxes (94 ) 208 462 576 Provision for / (benefit from) income taxes (36 ) 100 84 148 Equity earnings in affiliates $ 324 247 216 $ (787 ) — Net income 324 189 324 378 (787 ) 428 Net income attributable to noncontrolling interests (104 ) (104 ) Net income attributable to Crown Holdings $ 324 $ 189 $ 324 $ 274 $ (787 ) $ 324 Total comprehensive income $ 425 $ 332 $ 425 $ 336 $ (991 ) $ 527 Comprehensive income attributable to noncontrolling interests (102 ) (102 ) Comprehensive income attributable to Crown Holdings $ 425 $ 332 $ 425 $ 234 $ (991 ) $ 425 CONDENSED COMBINING BALANCE SHEET As of December 31, 2015 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Assets Current assets Cash and cash equivalents $ 104 $ 613 $ 717 Receivables, net $ 23 889 912 Intercompany receivables 30 2 $ (32 ) — Inventories 291 922 1,213 Prepaid expenses and other current assets 2 7 198 207 Total current assets 106 351 2,624 (32 ) 3,049 Intercompany debt receivables 3,111 3,471 681 (7,263 ) — Investments $ 2,937 2,199 804 (5,940 ) — Goodwill and intangible assets 471 3,109 3,580 Property, plant and equipment, net 1 390 2,308 2,699 Other non-current assets 6 457 229 692 Total $ 2,937 $ 5,423 $ 5,944 $ 8,951 $ (13,235 ) $ 10,020 Liabilities and equity Current liabilities Short-term debt $ 54 $ 54 Current maturities of long-term debt $ 90 119 209 Accounts payable and accrued liabilities $ 24 47 $ 526 2,048 2,645 Intercompany payables 2 30 $ (32 ) — Total current liabilities 24 137 528 2,251 (32 ) 2,908 Long-term debt, excluding current maturities 2,759 391 2,105 5,255 Long-term intercompany debt 2,769 1,268 3,041 185 (7,263 ) — Postretirement and pension liabilities 377 390 767 Other non-current liabilities 311 344 655 Commitments and contingent liabilities Noncontrolling interests 291 291 Crown Holdings shareholders’ equity 144 1,259 1,296 3,385 (5,940 ) 144 Total equity 144 1,259 1,296 3,676 (5,940 ) 435 Total $ 2,937 $ 5,423 $ 5,944 $ 8,951 $ (13,235 ) $ 10,020 CONDENSED COMBINING BALANCE SHEET As of December 31, 2014 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Assets Current assets Cash and cash equivalents $ 128 $ 837 $ 965 Receivables, net $ 18 1,013 1,031 Intercompany receivables 20 11 $ (31 ) — Inventories 291 1,033 1,324 Prepaid expenses and other current assets $ 1 4 75 171 251 Assets held for sale 48 48 Total current assets 1 132 404 3,113 (31 ) 3,619 Intercompany debt receivables 2,415 2,640 27 (5,082 ) — Investments 2,199 2,005 850 (5,054 ) — Goodwill and intangible assets 473 2,453 2,926 Property, plant and equipment, net 1 328 2,108 2,437 Other non-current assets 8 411 242 661 Total $ 2,200 $ 4,561 $ 5,106 $ 7,943 $ (10,167 ) $ 9,643 Liabilities and equity Current liabilities Short-term debt $ 75 $ 75 Current maturities of long-term debt $ 43 132 175 Accounts payable and accrued liabilities $ 20 $ 49 480 2,102 2,651 Intercompany payables 11 20 $ (31 ) — Liabilities related to assets held for sale 23 23 Total current liabilities 20 49 534 2,352 (31 ) 2,924 Long-term debt, excluding current maturities 2,815 367 1,762 4,944 Long-term intercompany debt 2,061 584 2,199 238 (5,082 ) — Postretirement and pension liabilities 464 407 871 Other non-current liabilities 307 210 517 Commitments and contingent liabilities Noncontrolling interests 268 268 Crown Holdings shareholders’ equity 119 1,113 1,235 2,706 (5,054 ) 119 Total equity 119 1,113 1,235 2,974 (5,054 ) 387 Total $ 2,200 $ 4,561 $ 5,106 $ 7,943 $ (10,167 ) $ 9,643 CONDENSED COMBINING STATEMENT OF CASH FLOWS For the year ended December 31, 2015 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net provided by/(used for) operating activities $ 33 $ (34 ) $ 6 $ 951 $ 956 Cash flows from investing activities Capital expenditures (80 ) (274 ) (354 ) Acquisition of businesses, net of cash acquired (1,207 ) (1,207 ) Proceeds from sale of businesses, net of cash sold 33 33 Proceeds from sale of property, plant and equipment 2 5 7 Intercompany investing activities (738 ) 15 71 738 $ (86 ) — Net investment hedge settlements (11 ) (11 ) Other — (10 ) (6 ) (16 ) Net cash provided by/(used for) investing activities (738 ) 4 (17 ) (711 ) (86 ) (1,548 ) Cash flows from financing activities Proceeds from long-term debt 750 685 1,435 Payments of long-term debt (722 ) (178 ) (900 ) Net change in revolving credit facility and short-term debt (7 ) (7 ) Net change in long-term intercompany balances 708 (12 ) 11 (707 ) — Debt issuance costs (10 ) (8 ) (18 ) Common stock issued 6 6 Common stock repurchased (9 ) (9 ) Dividends paid (86 ) 86 — Dividends paid to noncontrolling interests (48 ) (48 ) Contribution from noncontrolling interests 5 5 Foreign exchange derivatives related to debt (58 ) (58 ) Net cash provided by/(used for) financing activities 705 6 11 (402 ) 86 406 Effect of exchange rate changes on cash and cash equivalents (62 ) (62 ) Net change in cash and cash equivalents — (24 ) — (224 ) — (248 ) Cash and cash equivalents at January 1 128 — 837 965 Cash and cash equivalents at December 31 $ — $ 104 $ — $ 613 $ — $ 717 CONDENSED COMBINING STATEMENT OF CASH FLOWS For the year ended December 31, 2014 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net provided by/(used for) operating activities $ 25 $ (38 ) $ 52 $ 873 $ 912 Cash flows from investing activities Capital expenditures (42 ) (286 ) (328 ) Acquisition of businesses, net of cash acquired (733 ) (733 ) Proceeds from sale of businesses, net of cash sold 22 22 Proceeds from sale of property, plant and equipment 6 10 16 Intercompany investing activities (941 ) 24 44 954 $ (81 ) — Other 2 2 Net cash provided by/(used for) investing activities (941 ) 24 8 (31 ) (81 ) (1,021 ) Cash flows from financing activities Proceeds from long-term debt 942 1,800 2,742 Payments of long-term debt (4 ) (1,748 ) (1,752 ) Net change in revolving credit facility and short-term debt (319 ) (319 ) Net change in long-term intercompany balances 904 (949 ) 14 31 — Debt issuance costs (24 ) (17 ) (41 ) Common stock issued 14 14 Common stock repurchased (2 ) (2 ) Dividends paid (81 ) 81 — Purchase of noncontrolling interests (76 ) (17 ) (93 ) Dividends paid to noncontrolling interests (77 ) (77 ) Foreign exchange derivatives related to debt (27 ) (27 ) Net cash provided by/(used for) financing activities 916 (35 ) (62 ) (455 ) 81 445 Effect of exchange rate changes on cash and cash equivalents (60 ) (60 ) Net change in cash and cash equivalents — (49 ) (2 ) 327 — 276 Cash and cash equivalents at January 1 177 2 510 689 Cash and cash equivalents at December 31 $ — $ 128 $ — $ 837 $ — $ 965 CONDENSED COMBINING STATEMENT OF CASH FLOWS For the year ended December 31, 2013 (in millions) Parent Issuer Guarantors Non- Guarantors Eliminations Total Company Net provided by/(used for) operating activities $ 16 $ (18 ) $ 352 $ 535 $ 885 Cash flows from investing activities Capital expenditures (37 ) (238 ) (275 ) Acquisition of businesses, net of cash acquired (16 ) (16 ) Proceeds from sale of businesses, net of cash sold 10 10 Proceeds from sale of property, plant and equipment 4 25 29 Intercompany investing activities 32 91 $ (123 ) — Other 6 6 Net cash provided by/(used for) investing activities 32 68 (223 ) (123 ) (246 ) Cash flows from financing activities Proceeds from long-term debt 1,000 83 1,083 Payments of long-term debt (730 ) (292 ) (1,022 ) Net change in revolving credit facility and short-term debt 18 18 Net change in long-term intercompany balances 263 (108 ) (419 ) 264 — Debt issuance costs (26 ) (6 ) (32 ) Common stock issued 21 21 Common stock repurchased (300 ) (300 ) Dividends paid (123 ) 123 — Purchase of noncontrolling interests (16 ) (16 ) Dividends paid to noncontrolling interests (78 ) (78 ) Foreign exchange derivatives related to debt 20 20 Net cash provided by/(used for) financing activities (16 ) 136 (419 ) (130 ) 123 (306 ) Effect of exchange rate changes on cash and cash equivalents 6 6 Net change in cash and cash equivalents — 150 1 188 — 339 Cash and cash equivalents at January 1 27 1 322 350 Cash and cash equivalents at December 31 $ — $ 177 $ 2 $ 510 $ — $ 689 |