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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities of Continuing Operations:      
Income from continuing operations $ 5,948 $ 5,654 $ 4,920
Adjustments to reconcile income from continuing operations to net cash flows provided by operating activities of continuing operations:      
Depreciation and amortization 3,783 2,433 2,140
Deferred income tax provision 35 735 62
Stock compensation cost 356 251 192
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) (525) (393) (158)
Portfolio separation tax cost 634 0 0
Gain on sale of Taylor Company 0 799 0
Change in:      
Accounts receivable (419) 2,426 448
Contract assets, current 307 604 0
Inventory 1,216 537 1,074
Other current assets 309 (161) 101
Accounts payable and accrued liabilities 1,229 2,446 1,571
Contract liabilities, current 359 205 0
Income Taxes (406) (195) 1,579
Global pension contributions 118 147 2,112
Canadian Government Settlement (38) (429) (285)
Other operating activities, net 961 33 655
Net Cash Provided by Operating Activities, Continuing Operations 8,883 6,322 5,631
Investing Activities of Continuing Operations:      
Capital expenditures 2,256 1,902 2,014
Increase in customer financing assets 787 988 1,197
Decrease in customer financing assets 129 606 222
Investments in businesses 56 15,398 231
Dispositions of businesses 138 1,105 70
Proceeds from the sale of the investment in Watsco Inc. 0 0 596
Increase in collaboration intangible assets 351 400 380
Payments (receipts) from settlements of derivative contracts (336) (143) 317
Other investing activities, net 245 139 (232)
Net cash flows used in investing activities of continuing operations (3,092) (16,973) (3,019)
Financing Activities of Continuing Operations:      
Issuance of long-term debt 88 13,455 4,954
Repayment of long-term debt 2,830 2,520 1,604
(Decrease) increase in short-term borrowings, net 927 (356) (271)
Common Stock issued under employee stock plans 27 36 31
Dividends paid on Common Stock 2,442 2,170 2,074
Repurchase of Common Stock 151 325 1,453
Other financing activities, net (183) (155) (576)
Net cash flows provided by (used in) financing activities of continuing operations (4,564) 7,965 (993)
Effect of foreign exchange rate changes on cash and cash equivalents (19) (120) 210
Net (decrease) increase in cash and cash equivalents 1,208 (2,806) 1,829
Cash and Cash Equivalents, beginning of period 6,212 9,018 7,189
Cash and Cash Equivalents, end of period 7,420 6,212 9,018
Cash and cash equivalents of continuing operations, end of year 7,378 6,152 8,985
Supplemental Disclosure of Cash Flow Information:      
Interest paid, net of amounts capitalized 1,801 1,027 974
Income taxes paid, net of refunds 1,768 1,714 1,326
Restricted Cash And Cash Equivalents $ 42 $ 60 $ 33