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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 From Operating Activities:      
Net Earnings $ 4,507 $ 1,631 $ 2,029
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization, net 382 376 467
Deferred income taxes (204) (347) (542)
Stock-based compensation 205 235 213
Impairment charges 108 192 401
Pension settlements and amortization 169 245 971
Divestiture gains and royalties (1,187) (490) (760)
Asset acquisition charge 274 983 148
Other adjustments (44) 15 (21)
Changes in operating assets and liabilities:      
Receivables (803) (942) (252)
Inventories (152) 97 (254)
Accounts payable 104 (919) (44)
Deferred income (64) 218 613
Income taxes payable (545) 47 171
Other 100 491 8
Net Cash Provided by Operating Activities 2,850 1,832 3,148
Cash Flows From Investing Activities:      
Sale and maturities of marketable securities 4,809 2,794 4,095
Purchase of marketable securities (3,089) (3,143) (5,719)
Capital expenditures (1,215) (820) (526)
Divestiture and other proceeds 1,334 708 3,585
Acquisition and other payments (359) (1,111) (219)
Net Cash Provided by/(Used in) Investing Activities 1,480 (1,572) 1,216
Cash Flows From Financing Activities:      
Short-term borrowings, net 125 (449) 244
Issuance of long-term debt   1,268  
Repayment of long-term debt (15) (1,957) (676)
Interest rate swap contract terminations 42 (2) 105
Issuance of common stock 181 266 288
Repurchase of common stock (231)    
Dividends (2,547) (2,477) (2,398)
Net Cash Used in Financing Activities (2,445) (3,351) (2,437)
Effect of Exchange Rates on Cash and Cash Equivalents (33) (95) 58
Increase/(Decrease) in Cash and Cash Equivalents 1,852 (3,186) 1,985
Cash and Cash Equivalents at Beginning of Year 2,385 5,571 3,586
Cash and Cash Equivalents at End of Year $ 4,237 $ 2,385 $ 5,571