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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows From Operating Activities:    
Net Earnings $ 3,609 $ 1,819
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization, net 260 300
Deferred income taxes (500) 51
Stock-based compensation 149 176
Impairment charges 75 24
Pension settlements and amortization 122 178
Divestiture gains and royalties (1,082) (565)
Asset acquisition charges 274 813
Other adjustments (56) (17)
Changes in operating assets and liabilities:    
Receivables (896) (586)
Inventories (107) 231
Accounts payable (142) (1,218)
Deferred income 445 153
Income taxes payable (262) 77
Other (467) (215)
Net Cash Provided by Operating Activities 1,422 1,221
Cash Flows From Investing Activities:    
Sale and maturities of marketable securities 3,674 2,449
Purchase of marketable securities (2,248) (2,283)
Capital expenditures (844) (535)
Divestiture and other proceeds 1,193 673
Acquisition and other payments (311) (892)
Net Cash Provided by/(Used in) Investing Activities 1,464 (588)
Cash Flows From Financing Activities:    
Short-term borrowings, net 102 54
Issuance of long-term debt   1,268
Repayment of long-term debt   (1,957)
Interest rate swap contract terminations 42 (2)
Issuance of common stock 144 231
Repurchase of common stock (231)  
Dividends (1,912) (1,859)
Net Cash Used in Financing Activities (1,855) (2,265)
Effect of Exchange Rates on Cash and Cash Equivalents 16 36
Increase/(Decrease) in Cash and Cash Equivalents 1,047 (1,596)
Cash and Cash Equivalents at Beginning of Period 2,385 5,571
Cash and Cash Equivalents at End of Period $ 3,432 $ 3,975