XML 21 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Statement of Cash Flows [Abstract]    
Net Income from operations $ 3,507 $ 3,000
Adjustments to reconcile income from continuing operations to net cash flows provided by operating activities of continuing operations:    
Depreciation and amortization 1,173 1,039
Deferred income tax provision 45 502
Stock compensation cost 117 96
Gain on sale of Taylor Company 795 0
Change in:    
Accounts receivable 1,661 951
Contract assets, current 617 0
Inventories and contracts in progress 962 1,066
Other current assets (301) (27)
Accounts payable and accrued liabilities 2,010 1,436
Contract liabilities, current 440 0
Global pension contributions 59 79
Canadian Government Settlement (221) (246)
Other operating activities, net 723 619
Net cash flows provided by operating activities of continuing operations 2,555 3,139
Investing Activities of Continuing Operations:    
Capital expenditures 709 771
Investments in businesses 134 168
Dispositions of businesses 1,094 19
Proceeds from the sale of the investment in Watsco Inc. 0 596
Increase in customer financing assets 344 240
Increase in collaboration intangible assets 181 195
Payments (receipts) from settlements of derivative contracts (82) 294
Other investing activities, net 46 (63)
Net cash flows used in investing activities of continuing operations (238) (990)
Financing Activities of Continuing Operations:    
Proceeds from Issuance of Long-term Debt 2,429 4,013
Repayments of Long-term Debt 2,092 1,611
Increase in short-term borrowings, net 642 32
Proceeds from Common Stock issued under employee stock plans 6 22
Dividends paid on Common Stock 1,070 1,008
Repurchase of Common Stock 52 1,370
Other financing activities, net (74) (130)
Net cash flows used in financing activities of continuing operations (211) (52)
Effect of Exchange Rate on Cash and Cash Equivalents [Abstract]    
Effect of foreign exchange rate changes on cash and cash equivalents (18) 95
Net increase in cash and cash equivalents 2,088 2,192
Cash and Cash Equivalents, beginning of year 9,018 7,189
Cash and Cash Equivalents, end of period 11,106 9,381
Restricted Cash 38 36
Cash and cash equivalents, end of period $ 11,068 $ 9,345