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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 $ 3,731 $ 1,406 $ 1,468
Adjustments to reconcile income from continuing operations to net cash flows provided by operating activities of continuing operations:      
Depreciation and amortization 2,708 1,896 1,580
Deferred income tax provision 38 763 103
Stock compensation cost 268 169 129
Net periodic pension and other postretirement benefit (566) (392) (185)
Change in:      
Accounts receivable (88) 1,147 593
Contract assets, current 679 651 0
Inventory 1,267 417 866
Other current assets 984 645 31
Accounts payable and accrued liabilities 1,111 2,738 1,802
Contract liabilities, current 1,234 325 0
Income Taxes (293) (246) 1,744
Global pension contributions 55 79 2,044
Canadian Government Settlement (38) (429) (285)
Other operating activities, net (525) 621 540
Net Cash Provided by Operating Activities, Continuing Operations 5,821 2,670 2,282
Investing Activities of Continuing Operations:      
Capital expenditures 1,868 1,467 1,556
Increase in customer financing assets 787 988 1,189
Decrease in customer financing assets 128 604 221
Investments in businesses 9 15,039 25
Dispositions of businesses 134 74 19
Increase in collaboration intangible assets 351 400 380
Payments (receipts) from settlements of derivative contracts (342) (140) 316
Other investing activities, net 265 183 (99)
Net cash flows used in investing activities of continuing operations (2,676) (17,259) (3,127)
Financing Activities of Continuing Operations:      
Issuance of long-term debt (19) 13,337 4,852
Repayment of long-term debt 2,693 2,520 1,501
(Decrease) increase in short-term borrowings, net 896 (370) (263)
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
Inter-entity lending 2,387 3,979 2,836
Other financing activities, net 82 242 10
Net cash flows provided by (used in) financing activities of continuing operations (1,913) 12,209 2,438
Discontinued Operations:      
Net cash provided by operating activities 3,062 3,652 3,349
Net cash (used in) provided by investing activities (416) 286 108
Net cash used in financing activities (2,651) (4,244) (3,431)
Net cash flows (used in) provided by discontinued operations (5) (306) 26
Effect of foreign exchange rate changes on cash and cash equivalents 1 (6) 34
Effect of Exchange Rate on Cash and Cash Equivalents, Discontinued Operations (20) (114) 176
Net (decrease) increase in cash and cash equivalents 1,208 (2,806) 1,829
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance 3,731 6,118 4,486
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations, Beginning Balance 2,481 2,900 2,703
Cash and Cash Equivalents, end of period 7,420 6,212 9,018
Less: Restricted cash, included in Other assets 24 38 10
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations, Ending Balance 2,459 2,481 2,900
Cash and cash equivalents of continuing operations, end of year 4,937 3,693 6,108
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