XML 40 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
OPERATING ACTIVITIES    
Net income (loss) $ 584 $ (478)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,297 3,375
Impairment of goodwill 0 1,100
Impairment of assets 32 0
Deferred income taxes 301 349
Provision for uncollectible accounts 110 111
Gain on sale of intangible assets 0 (32)
Net long-term debt premium amortization (30) (45)
Changes in current assets and current liabilities:    
Accounts receivable (111) (105)
Accounts payable (21) 0
Accrued income and other taxes 38 30
Other current assets and other current liabilities, net (130) 303
Retirement benefits (255) (288)
Changes in other noncurrent assets and liabilities, net 66 61
Other, net 56 27
Net cash provided by operating activities 3,937 4,408
INVESTING ACTIVITIES    
Payments for property, plant and equipment and capitalized software (2,113) (2,211)
Proceeds from sale of intangible assets or property 0 75
Other, net 0 19
Net cash used in investing activities (2,113) (2,117)
FINANCING ACTIVITIES    
Net proceeds from issuance of long-term debt 483 1,740
Payments of long-term debt (162) (1,169)
Net payments on credit facility (140) (620)
Dividends paid (924) (986)
Net proceeds from issuance of common stock 45 54
Repurchase of common stock (558) (1,252)
Other, net (2) (3)
Net cash used in financing activities (1,258) (2,236)
Net increase in cash and cash equivalents 566 55
Cash and cash equivalents at beginning of period 168 211
Cash and cash equivalents at end of period 734 266
Supplemental cash flow information:    
Income taxes (paid), net (21) (45)
Interest (paid) (net of capitalized interest of $34 and $30) $ (934) $ (915)