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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities:    
Net income $ 774 $ 915
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 895 799
Amortization of purchased intangibles 68 53
Equity in earnings of affiliated companies (102) (148)
Dividends received from affiliated companies 106 101
Deferred tax expense (benefit) provision 53 (62)
Incentives and customer deposits 691  
Translated earnings contract (gain) loss (66) 193
Unrealized translation losses (gains) on transactions 52 (264)
Changes in certain working capital items:    
Trade accounts receivable (197) (190)
Inventories (235) (166)
Other current assets (36) (109)
Accounts payable and other current liabilities 94 (123)
Other, net (119) 117
Net cash provided by operating activities 1,978 1,116
Cash Flows from Investing Activities:    
Capital expenditures (1,629) (1,247)
Purchase of equipment for related party (63)  
Acquisition of businesses, net of cash received (804) (171)
Proceeds from settlement of initial contingent consideration asset 196  
Realized gains on translated earnings contracts 62 199
Other, net (28) 1
Net cash used in investing activities (2,266) (1,218)
Cash Flows from Financing Activities:    
Net repayments of short-term borrowings and current portion of long-term debt (375)  
Proceeds from issuance of long-term debt, net 596 702
Principal payments under capital lease obligations (2) (1)
Payments of employee withholding tax on stock awards (12) (14)
Proceeds from the exercise of stock options 74 275
Repurchases of common stock for treasury (1,880) (2,064)
Dividends paid (517) (493)
Net cash used in financing activities (2,116) (1,595)
Effect of exchange rates on cash (10) 271
Net decrease in cash and cash equivalents (2,414) (1,426)
Cash and cash equivalents at beginning of period 4,317 5,291
Cash and cash equivalents at end of period $ 1,903 $ 3,865