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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES      
Net earnings $ 1,669 $ 7,291 $ 2,201
Adjustments to reconcile net earnings to operating cash flows:      
Depreciation and amortization 823 894 1,059
Stock-based compensation expense 140 136 141
Deferred income tax benefit (141) (30) (186)
Asset impairments and accelerated depreciation 446 345 240
Loss on early extinguishment of debt 428 748 493
Loss on deconsolidation of Venezuela   778  
Gains on divestitures and JDE coffee business transactions (9) (6,822)  
JDE coffee business transactions currency-related net gains   (436) (628)
Gain on equity method investment exchange (43)    
Equity method investment net earnings (301) (56) (113)
Distributions from equity method investments 75 58 63
Other non-cash items, net (43) 199 (134)
Change in assets and liabilities, net of acquisitions and divestitures:      
Receivables, net 31 44 184
Inventories, net 62 (49) (188)
Accounts payable 409 659 387
Other current assets (176) 28 (86)
Other current liabilities 60 152 135
Change in pension and postretirement assets and liabilities, net (592) (211) (6)
Net cash provided by operating activities 2,838 3,728 3,562
CASH PROVIDED BY / (USED IN) INVESTING ACTIVITIES      
Capital expenditures (1,224) (1,514) (1,642)
Proceeds from JDE coffee business transactions currency hedge settlements   1,050  
Acquisitions, net of cash received (246) (527) (7)
Proceeds from JDE coffee business transaction and divestitures, net of disbursements 303 4,735  
Reduction of cash due to Venezuela deconsolidation   (611)  
Capital contribution to JDE   (544)  
Proceeds from sale of property, plant and equipment and other assets 138 60 7
Net cash (used in) / provided by investing activities (1,029) 2,649 (1,642)
CASH PROVIDED BY / (USED IN) FINANCING ACTIVITIES      
Issuances of commercial paper, maturities greater than 90 days 1,540 613 2,082
Repayments of commercial paper, maturities greater than 90 days (1,031) (710) (2,713)
Net (repayments) / issuances of other short-term borrowings 1,741 (931) 398
Long-term debt proceeds 5,640 4,624 3,032
Long-term debt repaid (6,186) (4,975) (3,017)
Repurchase of Common Stock (2,601) (3,622) (1,700)
Dividends paid (1,094) (1,008) (964)
Other 129 126 194
Net cash used in financing activities (1,862) (5,883) (2,688)
Effect of exchange rate changes on cash and cash equivalents (76) (255) (223)
Cash and cash equivalents:      
(Decrease) / increase (129) 239 (991)
Balance at beginning of period 1,870 1,631 2,622
Balance at end of period 1,741 1,870 1,631
Cash paid:      
Interest 630 747 827
Income taxes $ 527 $ 745 $ 1,238