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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities of Continuing Operations:      
Income from continuing operations $ 5,654 $ 4,920 $ 5,436
Adjustments to reconcile income from continuing operations to net cash flows provided by operating activities of continuing operations:      
Depreciation and amortization 2,433 2,140 1,962
Deferred income tax provision 735 62 398
Stock compensation cost 251 192 152
Gain on sale of Taylor Company 799 0 0
Change in:      
Accounts receivable 2,426 448 941
Contract assets, current 604 0 0
Inventories and contracts in progress 537 1,074 719
Other current assets (161) 101 (49)
Accounts payable and accrued liabilities 2,446 1,571 450
Contract liabilities, current 205 0 0
Global pension contributions 147 2,112 303
Canadian Government Settlement (429) (285) (237)
Other operating activities, net 621 (766) (165)
Net Cash Provided by Operating Activities, Continuing Operations 6,322 5,631 6,412
Investing Activities of Continuing Operations:      
Capital expenditures 1,902 2,014 1,699
Increase in customer financing assets 988 1,197 438
Decrease in customer financing assets 606 222 217
Investments in businesses 15,398 231 710
Dispositions of businesses 1,105 70 211
Proceeds from the sale of the investment in Watsco Inc. 0 596 0
Increase in collaboration intangible assets 400 380 388
Payments (receipts) from settlements of derivative contracts (143) 317 (249)
Other investing activities, net 139 (232) (49)
Net cash flows used in investing activities of continuing operations (16,973) (3,019) (2,509)
Financing Activities of Continuing Operations:      
Issuance of long-term debt 13,455 4,954 6,469
Repayment of long-term debt 2,520 1,604 2,452
(Decrease) increase in short-term borrowings, net (356) (271) (331)
Common Stock issued under employee stock plans 36 31 13
Dividends paid on Common Stock 2,170 2,074 2,069
Repurchase of Common Stock 325 1,453 2,254
Other financing activities, net (155) (576) (564)
Net cash flows provided by (used in) financing activities of continuing operations 7,965 (993) (1,188)
Discontinued Operations:      
Net cash used in operating activities 0 0 (2,532)
Net cash provided by investing activities 0 0 6
Net cash flows (used in) provided by discontinued operations 0 0 (2,526)
Effect of foreign exchange rate changes on cash and cash equivalents (120) 210 (120)
Net (decrease) increase in cash and cash equivalents (2,806) 1,829 69
Cash and Cash Equivalents, beginning of period 9,018 7,189 7,120
Cash and Cash Equivalents, end of period 6,212 9,018 7,189
Cash and cash equivalents of continuing operations, end of year 6,152 8,985 7,157
Supplemental Disclosure of Cash Flow Information:      
Interest paid, net of amounts capitalized 1,027 974 1,157
Income taxes paid, net of refunds 1,714 1,326 4,096
Restricted Cash And Cash Equivalents $ 60 $ 33 $ 32