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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows - operation activities:    
Net earnings $ 1,451 $ 1,219
Non-cash items –    
Share-based plans expense 50 51
Depreciation and amortization 471 443
Investment/asset impairment charges, net 23 33
Customer financing valuation benefit 7 (2)
Gain on dispositions, net (2) (4)
Other charges and credits, net 52 84
Changes in assets and liabilities –    
Accounts receivable (769) (1,002)
Inventories, net of advances and progress billings (31) (56)
Accounts payable 616 960
Accrued liabilities (613) (467)
Advances and billings in excess of related costs 249 (435)
Income taxes receivable, payable and deferred 495 273
Other long-term liabilities (72) (116)
Pension and other postretirement plans 10 79
Customer financing, net 232 276
Other (75) (61)
Net cash provided by operating activities 2,094 1,275
Cash flows – investing activities:    
Property, plant and equipment additions (466) (748)
Property, plant and equipment reductions 9 11
Contributions to investments (605) (204)
Proceeds from investments 803 493
Other (3) 10
Net cash used by investing activities (262) (438)
Cash flows – financing activities:    
New borrowings 872 115
Debt repayments (34) (128)
Stock options exercised 174 42
Employee taxes on certain share-based payment arrangements (107) (76)
Common shares repurchased (2,500) (3,501)
Dividends paid (868) (717)
Net cash used by financing activities (2,463) (4,265)
Effect of exchange rate changes on cash and cash equivalents 20 12
Net decrease in cash and cash equivalents (611) (3,416)
Cash and cash equivalents at beginning of year 8,801 11,302
Cash and cash equivalents at end of period $ 8,190 $ 7,886