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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 flows - operation activities:      
Net earnings $ 4,895 $ 5,176 $ 5,446
Non-cash items -      
Share-based plans expense 190 189 195
Depreciation and amortization 1,910 1,833 1,906
Investment/asset impairment charges, net 90 167 229
Customer financing valuation benefit (7) (5) (28)
Loss on dispositions, net 7 1 10
Other charges and credits, net 369 364 317
Excess tax benefits from share-based payment arrangements (157) (114)
Changes in assets and liabilities –      
Accounts receivable 112 (1,069) (1,328)
Inventories, net of advances and progress billings 3,755 (1,110) (4,330)
Accounts payable 622 (238) 1,339
Accrued liabilities 726 2 (1,088)
Advances and billings in excess of related costs (493) 1,192 3,145
Income taxes receivable, payable and deferred (810) 477 1,325
Other long-term liabilities (68) 46 36
Pension and other postretirement plans 153 2,470 1,186
Customer financing, net (696) 167 578
Other (256) (142) 34
Net cash provided by operating activities 10,499 9,363 8,858
Cash flows - investing activities:      
Property, plant and equipment additions (2,613) (2,450) (2,236)
Property, plant and equipment reductions 38 42 34
Acquisitions, net of cash acquired (297) (31) (163)
Contributions to investments (1,719) (2,036) (8,617)
Proceeds from investments 1,209 2,590 13,416
Other 2 39 33
Net cash (used)/provided by investing activities (3,380) (1,846) 2,467
Cash flows - financing activities      
New borrowings 1,325 1,746 962
Debt repayments (1,359) (885) (1,601)
Repayments of distribution rights and other asset financing (24) (185)
Stock options exercised 321 399 343
Excess tax benefits from share-based payment arrangements 157 114
Employee taxes on certain share-based payment arrangements (93) (96) (98)
Common shares repurchased (7,001) (6,751) (6,001)
Dividends paid (2,756) (2,490) (2,115)
Proceeds from (Payments for) Other Financing Activities (12)
Net cash used by financing activities (9,587) (7,920) (8,593)
Effect of exchange rate changes on cash and cash equivalents (33) (28) (87)
Net (decrease)/increase in cash and cash equivalents (2,501) (431) 2,645
Cash and cash equivalents at beginning of year 11,302 11,733 9,088
Cash and cash equivalents at end of year $ 8,801 $ 11,302 $ 11,733