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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows - operation activities:    
Net earnings/(loss) $ 3,212 $ 985
Non-cash items –    
Share-based plans expense 98 97
Depreciation and amortization 965 890
Investment/asset impairment charges, net 46 50
Customer financing valuation expense/(benefit) 5 (4)
Loss on dispositions, net 9
Other charges and credits, net 129 141
Changes in assets and liabilities –    
Accounts receivable (912) (503)
Inventories, net of advances and progress billings 877 3,004
Accounts payable 419 1,221
Accrued liabilities (680) (269)
Advances and billings in excess of related costs 1,934 (954)
Income taxes receivable, payable and deferred 712 (494)
Other long-term liabilities (18) (103)
Pension and other postretirement plans 13 181
Customer financing, net 343 275
Other (99) (61)
Net cash provided by operating activities 7,044 4,465
Cash flows – investing activities:    
Property, plant and equipment additions (905) (1,419)
Property, plant and equipment reductions 25 13
Contributions to investments (1,820) (657)
Proceeds from investments 1,441 705
Purchase of distribution rights (131)  
Other 4 8
Net cash used by investing activities (1,386) (1,350)
Cash flows – financing activities:    
New borrowings 874 1,323
Debt repayments (56) (267)
Repayments of distribution rights and other asset financing (24)
Stock options exercised 240 147
Employee taxes on certain share-based payment arrangements (112) (79)
Common shares repurchased (5,000) (5,501)
Dividends paid (1,720) (1,408)
Net cash used by financing activities (5,774) (5,809)
Effect of exchange rate changes on cash and cash equivalents 52 (3)
Net decrease in cash and cash equivalents (64) (2,697)
Cash and cash equivalents at beginning of year 8,801 11,302
Cash and cash equivalents at end of period $ 8,737 $ 8,605