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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 From Operating Activities:      
Net Earnings $ 975 $ 4,507 $ 1,631
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization, net 789 382 376
Deferred income taxes 1,010 (204) (347)
Stock-based compensation 199 205 235
Impairment charges 332 108 192
Pension settlements and amortization 236 169 245
Divestiture gains and royalties (706) (1,187) (490)
Asset acquisition charges 760 274 983
Other adjustments 92 (44) 15
Changes in operating assets and liabilities:      
Receivables (431) (803) (942)
Inventories (29) (152) 97
Accounts payable 320 104 (919)
Deferred income (642) (64) 218
Income taxes payable 2,597 (453) 194
Other (227) 216 617
Net Cash Provided by Operating Activities 5,275 3,058 2,105
Cash Flows From Investing Activities:      
Sale and maturities of marketable securities 6,412 4,809 2,794
Purchase of marketable securities (5,437) (3,089) (3,143)
Capital expenditures (1,055) (1,215) (820)
Divestiture and other proceeds 722 1,334 708
Acquisition and other payments (708) (359) (1,111)
Net Cash Provided by/(Used in) Investing Activities (66) 1,480 (1,572)
Cash Flows From Financing Activities:      
Short-term borrowings, net 727 125 (449)
Issuance of long-term debt 1,488   1,268
Repayment of long-term debt (1,224) (15) (1,957)
Repurchase of common stock (2,469) (231)  
Dividends (2,577) (2,547) (2,477)
Other (22) 15 (9)
Net Cash Used in Financing Activities (4,077) (2,653) (3,624)
Effect of Exchange Rates on Cash and Cash Equivalents 52 (33) (95)
Increase/(Decrease) in Cash and Cash Equivalents 1,184 1,852 (3,186)
Cash and Cash Equivalents at Beginning of Year 4,237 2,385 5,571
Cash and Cash Equivalents at End of Year $ 5,421 $ 4,237 $ 2,385