XML 70 R7.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows From Operating Activities:    
Net Earnings $ 2,674 $ 2,369
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Net earnings attributable to noncontrolling interest (786) (699)
Depreciation 228 246
Amortization 168 132
Impairment charges 15 200
Deferred income tax expense 243 97
Stock-based compensation expense 81 96
Other adjustments (113) (15)
Changes in operating assets and liabilities:    
Receivables (328) (54)
Inventories (246) 12
Accounts payable 412 54
Deferred income (98) 9
U.S. and foreign income taxes payable (117) (195)
Other (559) (739)
Net Cash Provided by Operating Activities 1,574 1,513
Cash Flows From Investing Activities:    
Proceeds from sale and maturities of marketable securities 2,445 1,481
Purchases of marketable securities (4,187) (3,587)
Additions to property, plant and equipment and capitalized software (149) (210)
Proceeds from sale of businesses and other investing activities   35
Proceeds from sale of businesses and other investing activities 122  
Net Cash Used in Investing Activities (1,769) (2,281)
Cash Flows From Financing Activities:    
Short-term debt borrowings/(repayments) 70 61
Long-term debt borrowings   6
Long-term debt repayments (78)  
Interest rate swap terminations 89 98
Issuances of common stock 235 122
Common stock repurchases (385) (165)
Dividends paid (1,130) (1,103)
Net Cash Used in Financing Activities (1,199) (981)
Effect of Exchange Rates on Cash and Cash Equivalents 26 (16)
(Decrease)/Increase in Cash and Cash Equivalents (1,368) (1,765)
Cash and Cash Equivalents at Beginning of Period 5,033 7,683
Cash and Cash Equivalents at End of Period $ 3,665 $ 5,918