MEADWESTVACO Corp | 2013 | FY | 3


Changes in current assets and liabilities, net of acquisitions and dispositions, were as follows:

 

     Years ended December 31,  
In millions    2013     2012     2011  

(Increase) decrease in:

      

Receivables

   $ (35   $ (9   $ (40

Inventories

     (28     (71     (35

Prepaid expenses

     30        (48     5   

Increase (decrease) in:

      

Accounts payable and accrued expenses

     (65     (60     5   

Income taxes payable

     16        10        47   
  

 

 

   

 

 

   

 

 

 
   $ (82   $ (178   $ (18
  

 

 

   

 

 

   

 

 

 

us-gaap:CashFlowOperatingCapitalTableTextBlock