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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows From Operating Activities:      
Net Earnings $ 4,947 $ 975 $ 4,507
Net Cash Provided by Operating Activities 5,940 5,275 3,058
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization, net 637 789 382
Deferred income taxes 86 1,010 (204)
Stock-based compensation 221 199 205
Impairment charges 126 327 63
Pension settlements and amortization 186 236 169
Divestiture gains and royalties (992) (706) (1,187)
Asset acquisition charges 85 760 274
Loss/(gain) on equity investments 512 (23) 37
Other adjustments (44) 120 (36)
Changes in operating assets and liabilities:      
Receivables (429) (431) (803)
Inventories (216) (29) (152)
Accounts payable (59) 320 104
Deferred income 84 (642) (64)
Income taxes payable 162 2,597 (453)
Other 634 (227) 216
Cash Flows From Investing Activities:      
Sale and maturities of marketable securities 2,379 6,412 4,809
Purchase of marketable securities (2,305) (5,437) (3,089)
Capital expenditures (951) (1,055) (1,215)
Divestiture and other proceeds 1,249 722 1,334
Acquisition and other payments (1,246) (708) (359)
Net Cash Provided by/(Used in) Investing Activities (874) (66) 1,480
Cash Flows From Financing Activities:      
Short-term borrowings, net (543) 727 125
Issuance of long-term debt 0 1,488 0
Repayment of long-term debt (5) (1,224) (15)
Repurchase of common stock (320) (2,469) (231)
Dividends (2,613) (2,577) (2,547)
Other (54) (22) 15
Net Cash Used in Financing Activities (3,535) (4,077) (2,653)
Effect of Exchange Rates on Cash and Cash Equivalents (41) 52 (33)
Increase/(Decrease) in Cash and Cash Equivalents 1,490 1,184 1,852
Cash and Cash Equivalents at Beginning of Year 5,421 4,237 2,385
Cash and Cash Equivalents at End of Year $ 6,911 $ 5,421 $ 4,237