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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows - operation activities:    
Net earnings $ 4,150 $ 3,980
Non-cash items –    
Share-based plans expense 141 152
Depreciation and amortization 1,349 1,378
Investment/asset impairment charges, net 124 140
Customer financing valuation benefit $ (3) (26)
Gain on dispositions, net (2)
Other charges and credits, net $ 230 145
Excess tax benefits from share-based payment arrangements (139) (104)
Changes in assets and liabilities –    
Accounts receivable (1,202) (1,385)
Inventories, net of advances and progress billings (2,186) (4,425)
Accounts payable 1,058 1,819
Accrued liabilities (196) (1,054)
Advances and billings in excess of related costs 270 1,100
Income taxes receivable, payable and deferred 824 887
Other long-term liabilities 40 (42)
Pension and other postretirement plans 1,837 746
Customer financing, net 45 494
Other (98) 57
Net cash provided by operating activities 6,244 3,860
Cash flows – investing activities:    
Property, plant and equipment additions (1,827) (1,568)
Property, plant and equipment reductions 24 27
Acquisitions, net of cash acquired (23) (163)
Contributions to investments (1,341) (7,874)
Proceeds from investments 2,169 10,608
Other 33 4
Net cash (used)/provided by investing activities (965) 1,034
Cash flows – financing activities:    
New borrowings 761 105
Debt repayments $ (864) (910)
Repayments of distribution rights and other asset financing (184)
Stock options exercised $ 331 293
Excess tax benefits from share-based payment arrangements 139 104
Employee taxes on certain share-based payment arrangements (93) (94)
Common shares repurchased (6,001) (5,000)
Dividends paid $ (1,882) (1,596)
Other (12)
Net cash used by financing activities $ (7,609) (7,294)
Effect of exchange rate changes on cash and cash equivalents (20) (33)
Net decrease in cash and cash equivalents (2,350) (2,433)
Cash and cash equivalents at beginning of year 11,733 9,088
Cash and cash equivalents at end of period $ 9,383 $ 6,655