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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows - operation activities:      
Net earnings $ 8,197 $ 4,895 $ 5,176
Non-cash items -      
Share-based plans expense 202 190 189
Depreciation and amortization 2,069 1,910 1,833
Investment/asset impairment charges, net 113 90 167
Customer financing valuation cost/(benefit) 2 (7) (5)
(Gain)/Loss on dispositions, net (21) 7 1
Other charges and credits, net 287 369 364
Excess tax benefits from share-based payment arrangements 157
Changes in assets and liabilities –      
Accounts receivable (1,821) 112 (1,069)
Inventories, net of advances and progress billings (1,085) 3,755 (1,110)
Accounts payable 130 622 (238)
Accrued liabilities 573 726 2
Advances and billings in excess of related costs 3,570 (493) 1,192
Income taxes receivable, payable and deferred 857 (810) 477
Other long-term liabilities 94 (68) 46
Pension and other postretirement plans (582) 153 2,470
Customer financing, net 1,017 (696) 167
Other (258) (256) (142)
Net cash provided by operating activities 13,344 10,499 9,363
Cash flows - investing activities:      
Property, plant and equipment additions (1,739) (2,613) (2,450)
Property, plant and equipment reductions 92 38 42
Acquisitions, net of cash acquired (324) (297) (31)
Contributions to investments (3,601) (1,719) (2,036)
Proceeds from investments 3,639 1,209 2,590
Purchase of distribution rights 131    
Other 2 2 39
Net cash used by investing activities (2,062) (3,380) (1,846)
Cash flows - financing activities      
New borrowings 2,077 1,325 1,746
Debt repayments (953) (1,359) (885)
Repayments of distribution rights and other asset financing (24)
Stock options exercised 311 321 399
Excess Tax Benefit from Share-based Compensation, Financing Activities 157
Employee taxes on certain share-based payment arrangements (132) (93) (96)
Common shares repurchased (9,236) (7,001) (6,751)
Dividends paid (3,417) (2,756) (2,490)
Net cash used by financing activities (11,350) (9,587) (7,920)
Effect of exchange rate changes on cash and cash equivalents 80 (33) (28)
Net decrease in cash and cash equivalents 12 (2,501) (431)
Cash and cash equivalents at beginning of year 8,801 11,302 11,733
Cash and cash equivalents at end of year $ 8,813 $ 8,801 $ 11,302