XML 57 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash Flows from Operating Activities:    
Net income $ 470 $ 1,132
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 583 490
Amortization of purchased intangibles 16 15
Restructuring, impairment and other charges 51  
Stock compensation charges 28 25
Equity in earnings of affiliated companies (148) (339)
Dividends received from affiliated companies 1,641 182
Deferred tax provision 103 119
Restructuring payments (17) (24)
Employee benefit payments (in excess of) less than expense (28) 26
Losses (gains) on translated earnings contracts 139 (251)
Changes in certain working capital items:    
Trade accounts receivable (11) (56)
Inventories 13 (211)
Other current assets 28 (3)
Accounts payable and other current liabilities (384) (241)
Other, net (4) 148
Net cash provided by operating activities 2,480 1,012
Cash Flows from Investing Activities:    
Capital expenditures (478) (438)
Acquisitions of business, net of cash received 66 (66)
Investment in unconsolidated entities (109) (15)
Proceeds from loan repayments from unconsolidated entities 11 6
Short-term investments – acquisitions (803) (737)
Short-term investments – liquidations 574 1,020
Premium on purchased collars   (107)
Realized gains on translated earnings contracts 152 3
Other, net 4 (1)
Net cash used in investing activities (583) (335)
Cash Flows from Financing Activities:    
Retirement of long-term debt   (498)
Net repayments of short-term borrowings and current portion of long-term debt (42) (11)
Principal payments under capital lease obligations (1) (2)
Proceeds from issuance of short-term debt 17  
Proceeds from issuance of commercial paper, net 416  
Proceeds from issuance of preferred stock (1) 400  
Payments to acquire noncontrolling interest   (9)
Proceeds from the exercise of stock options 84 39
Repurchases of common stock for treasury (2,076) (232)
Dividends paid (287) (280)
Net cash used in by financing activities (1,489) (993)
Effect of exchange rates on cash 6 (71)
Net increase (decrease) in cash and cash equivalents 414 (387)
Cash and cash equivalents at beginning of period 4,704 4,988
Cash and cash equivalents at end of period $ 5,118 $ 4,601