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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:    
Net income $ 928 $ 774
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,026 895
Amortization of purchased intangibles 85 68
Equity in earnings of affiliated companies (81) (102)
Dividends received from affiliated companies   106
Deferred tax (benefit) provision (85) 53
Incentives and customer deposits 2 691
Translated earnings contract (gain) loss (163) (66)
Unrealized translation losses on transactions 87 52
Changes in certain working capital items:    
Trade accounts receivable (169) (197)
Inventories (338) (235)
Other current assets (220) (36)
Accounts payable and other current liabilities (71) 94
Other, net 12 (119)
Net cash provided by operating activities 1,013 1,978
Cash Flows from Investing Activities:    
Capital expenditures (1,602) (1,629)
Purchase of equipment for related party (9) (63)
Sale of equipment to related party 62  
Acquisition of businesses, net of cash received   (804)
Proceeds from settlement of initial contingent consideration asset   196
Realized gains on translated earnings contracts 50 62
Other, net (35) (28)
Net cash used in investing activities (1,534) (2,266)
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 349 596
Proceeds from the exercise of stock options 43 74
Repurchases of common stock for treasury (708) (1,880)
Dividends paid (554) (517)
Other, net 37 (14)
Net cash used in financing activities (833) (2,116)
Effect of exchange rates on cash (30) (10)
Net decrease in cash and cash equivalents (1,384) (2,414)
Cash and cash equivalents at beginning of period 2,355 4,317
Cash and cash equivalents at end of period $ 971 $ 1,903