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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows - operation activities:      
Net earnings $ 5,176 $ 5,446 $ 4,585
Non-cash items -      
Share-based plans expense 189 195 206
Depreciation and amortization 1,833 1,906 1,844
Investment/asset impairment charges, net 167 229 96
Customer financing valuation benefit $ (5) $ (28) (11)
Loss on disposal of discontinued operations 1
Loss/(gain) on dispositions, net $ 1 $ 10 (20)
Other charges and credits, net 364 317 528
Excess tax benefits from share-based payment arrangements (157) (114) (128)
Changes in assets and liabilities –      
Accounts receivable (1,069) (1,328) (879)
Inventories, net of advances and progress billings (1,110) (4,330) (5,562)
Accounts payable (238) 1,339 (298)
Accrued liabilities 2 (1,088) 883
Advances and billings in excess of related costs 1,192 3,145 3,353
Income taxes receivable, payable and deferred 477 1,325 1,445
Other long-term liabilities 46 36 2
Pension and other postretirement plans 2,470 1,186 1,720
Customer financing, net 167 578 391
Other (142) 34 23
Net cash provided by operating activities 9,363 8,858 8,179
Cash flows - investing activities:      
Property, plant and equipment additions (2,450) (2,236) (2,098)
Property, plant and equipment reductions 42 34 51
Acquisitions, net of cash acquired (31) (163) (26)
Contributions to investments (2,036) (8,617) (15,394)
Proceeds from investments $ 2,590 $ 13,416 12,453
Purchase of distribution rights $ (140)
Other $ 39 $ 33
Net cash (used)/provided by investing activities (1,846) 2,467 $ (5,154)
Cash flows - financing activities      
New borrowings 1,746 962 571
Debt repayments $ (885) (1,601) (1,434)
Repayments of distribution rights and other asset financing (185) (280)
Stock options exercised $ 399 343 1,097
Excess tax benefits from share-based payment arrangements 157 114 128
Employee taxes on certain share-based payment arrangements (96) (98) (63)
Common shares repurchased (6,751) (6,001) (2,801)
Dividends paid $ (2,490) (2,115) $ (1,467)
Proceeds from (Payments for) Other Financing Activities (12)
Net cash used by financing activities $ (7,920) (8,593) $ (4,249)
Effect of exchange rate changes on cash and cash equivalents (28) (87) (29)
Net (decrease)/increase in cash and cash equivalents (431) 2,645 (1,253)
Cash and cash equivalents at beginning of year 11,733 9,088 10,341
Cash and cash equivalents at end of year $ 11,302 $ 11,733 $ 9,088