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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows From Operating Activities:    
Net Earnings $ 1,877 $ 2,448
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization, net 300 404
Deferred income taxes (37) 21
Stock-based compensation 106 99
Impairment charges 104 219
Pension settlements and amortization 104 107
Divestiture gains and royalties (497) (411)
Asset acquisition charge 85 200
Unrealized Gain (Loss) on Securities 341 (12)
Other adjustments (27) 111
Changes in operating assets and liabilities:    
Receivables 112 (454)
Inventories (122) (58)
Accounts payable (101) (85)
Deferred income 92 (2)
Income taxes payable 216 465
Other (321) (607)
Net Cash Provided by Operating Activities 2,232 2,445
Cash Flows From Investing Activities:    
Sale and maturities of marketable securities 1,080 2,283
Purchase of marketable securities (447) (3,041)
Capital expenditures (437) (539)
Divestiture and other proceeds 583 389
Acquisition and other payments (1,170) (319)
Net Cash Provided by/(Used in) Investing Activities (391) (1,227)
Cash Flows From Financing Activities:    
Short-term debt obligations, net (546) 300
Issuance of long-term debt 0 1,488
Repayments of Long-term Debt (5) (474)
Repurchase of common stock (320) (2,000)
Dividends (1,307) (1,298)
Other (59) (35)
Net Cash Used in Financing Activities (2,237) (2,019)
Effect of Exchange Rates on Cash and Cash Equivalents (26) 34
Increase in Cash and Cash Equivalents (422) (767)
Cash and Cash Equivalents at Beginning of Period 5,421 4,237
Cash and Cash Equivalents at End of Period $ 4,999 $ 3,470