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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows From Operating Activities:    
Net Earnings $ 3,304 $ 3,609
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization, net 592 260
Deferred income taxes 283 (500)
Stock-based compensation 149 149
Impairment charges 223 75
Pension settlements and amortization 148 122
Divestiture gains and royalties (546) (1,082)
Asset acquisition charges 510 274
Other adjustments 108 (56)
Changes in operating assets and liabilities:    
Receivables (539) (896)
Inventories 7 (107)
Accounts payable 63 (142)
Deferred income (91) 445
Income taxes payable 400 (183)
Other (453) (353)
Net Cash Provided by Operating Activities 4,158 1,615
Cash Flows From Investing Activities:    
Sale and maturities of marketable securities 4,296 3,674
Purchase of marketable securities (4,434) (2,248)
Capital expenditures (801) (844)
Divestiture and other proceeds 526 1,193
Acquisition and other payments (672) (311)
Net Cash Provided by/(Used in) Investing Activities (1,085) 1,464
Cash Flows From Financing Activities:    
Short-term debt obligations, net 1,198 102
Issuance of long-term debt 1,488  
Repayment of Long-term Debt (1,224)  
Repurchase of common stock (2,220) (231)
Dividends (1,938) (1,912)
Other (29) (7)
Net Cash Used in Financing Activities (2,725) (2,048)
Effect of Exchange Rates on Cash and Cash Equivalents 59 16
Increase in Cash and Cash Equivalents 407 1,047
Cash and Cash Equivalents at Beginning of Period 4,237 2,385
Cash and Cash Equivalents at End of Period $ 4,644 $ 3,432