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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities of Continuing Operations:      
Income from continuing operations $ 5,436 $ 4,356 $ 6,468
Adjustments to reconcile income from continuing operations to net cash flows provided by operating activities of continuing operations:      
Depreciation and amortization 1,962 1,863 1,820
Deferred income tax provision 398 662 403
Stock compensation cost 152 158 219
Canadian Government Settlement (237) 867 0
Change in:      
Accounts receivable 941 438 (111)
Inventories and contracts in progress 719 766 636
Other current assets (49) 55 115
Accounts payable and accrued liabilities 450 490 (89)
Global pension contributions 303 147 517
Other operating activities, net (165) 235 685
Net Cash Provided by Operating Activities, Continuing Operations 6,412 6,755 6,979
Investing Activities of Continuing Operations:      
Capital expenditures 1,699 1,652 1,594
Increase in customer financing assets 438 364 202
Decrease in customer financing assets 217 117 331
Investments in businesses 710 538 402
Dispositions of businesses 211 200 344
Increase in collaboration intangible assets 388 437 593
Receipts from settlements of derivative contracts (249) (160) (93)
Other investing activities, net (49) 280 (56)
Net cash flows used in investing activities of continuing operations (2,509) (2,794) (1,967)
Financing Activities of Continuing Operations:      
Issuance of long-term debt 6,469 1,744 98
Repayment of long-term debt 2,452 1,764 304
(Decrease) increase in short-term borrowings, net (331) 795 (346)
Proceeds from Issuance of Common Stock - Equity unit settlement 0 1,100 0
Common Stock issued under employee stock plans 13 41 187
Dividends paid on Common Stock 2,069 2,184 2,048
Repurchase of Common Stock 2,254 10,000 1,500
Other financing activities, net (564) (508) (336)
Net cash flows used in financing activities of continuing operations (1,188) (10,776) (4,249)
Discontinued Operations:      
Net cash (used in) provided by operating activities (2,532) (372) 342
Net cash provided by investing activities 6 9,000 (113)
Cash used in financing activities, discontinued operations 0 (9) (12)
Net cash flows (used in) provided by discontinued operations (2,526) 8,619 217
Effect of foreign exchange rate changes on cash and cash equivalents (120) (174) (156)
Net increase (decrease) in cash and cash equivalents 69 1,630 824
Cash and Cash Equivalents, beginning of period 7,120 5,490 4,666
Cash and Cash Equivalents, end of period 7,189 7,120 5,490
Less: Cash and cash equivalents of businesses held for sale 0 0 6
Less: Restricted cash, included in Other assets 32 45 255
Cash and cash equivalents of continuing operations, end of year 7,157 7,075 5,229
Supplemental Disclosure of Cash Flow Information:      
Interest paid, net of amounts capitalized 1,157 1,057 1,076
Income taxes paid, net of refunds 4,096 2,060 2,024
Contributions of UTC Common Stock to domestic defined benefit pension plans $ 0 $ 250 $ 0