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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 3,679 $ 3,377
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 782 772
Amortization of debt-related costs 12 16
Inventory valuation adjustments 264 45
Equity investments -    
Equity income (252) (193)
Distributions of earnings, net of tax 196 66
Deferred income taxes 9 152
Changes in assets and liabilities that provided (used) cash:    
Accounts receivable 408 (240)
Inventories (12) (274)
Accounts payable (501) (17)
Prepaid expenses and other current assets (98) 171
Other, net 195 157
Net cash provided by operating activities 4,682 4,032
Cash flows from investing activities:    
Expenditures for property, plant and equipment (957) (1,096)
Payments for repurchase agreements (397) (275)
Proceeds from repurchase agreements 300 75
Purchases of available-for-sale securities (1,723) (2,529)
Proceeds from sales and maturities of available-for-sale securities 1,638 924
Change in restricted cash 1 10
Other, net 35 (4)
Net cash used in investing activities (1,103) (2,895)
Cash flows from financing activities:    
Repurchases of Company ordinary shares (3,436) (4,347)
Dividends paid (1,063) (1,055)
Issuance of long-term debt 984 992
Net proceeds from commercial paper 231 0
Payments of debt issuance costs (13) (18)
Other, net 191 40
Net cash used in financing activities (3,106) (4,388)
Effect of exchange rate changes on cash (30) (14)
Increase (decrease) in cash and cash equivalents 443 (3,265)
Cash and cash equivalents at beginning of period 1,031 4,450
Cash and cash equivalents at end of period $ 1,474 $ 1,185