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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income $ 398 $ 841
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 770 751
Asset impairment loss 611 0
Noncash interest expense and other income, net 11 21
Stock-based compensation expense 20 23
Deferred income tax expense 480 166
Changes in current assets and current liabilities 725 1,147
Changes in deferred charges and credits and other operating activities, net (21) 5
Net cash provided by operating activities 2,994 2,954
Cash flows from investing activities:    
Capital expenditures (1,420) (969)
Deferred turnaround and catalyst costs (264) (432)
Advance payment related to acquisition of Pembroke Refinery 0 (37)
Minor acquisitions (66) (37)
Other investing activities, net 9 (19)
Net cash used in investing activities (1,741) (1,494)
Non-bank debt:    
Borrowings 300 0
Repayments (862) (718)
Bank credit agreements:    
Borrowings 1,100 0
Repayments (1,100) 0
Accounts receivable sales program:    
Proceeds from the sale of receivables 1,300 0
Repayments (1,450) 0
Purchase of common stock for treasury (147) 0
Proceeds from the exercise of stock options 11 30
Common stock dividends (166) (57)
Contributions from noncontrolling interest 25 9
Other financing activities, net (2) 7
Net cash used in financing activities (991) (729)
Effect of foreign exchange rate changes on cash 9 42
Net increase in cash and temporary cash investments 271 773
Cash and temporary cash investments at beginning of period 1,024 3,334
Cash and temporary cash investments at end of period $ 1,295 $ 4,107