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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 534 $ 489
Provision for losses on accounts receivable 6 4
Deferred income taxes and tax uncertainties 12 3
Depreciation and amortization 113 128
Net gains from sales of assets, net of write-offs (5) (14)
Stock-based compensation 23 28
Losses from equity method investment 0 15
Subtotal 149 164
Change in operating assets and liabilities:    
Accounts receivable (118) (148)
Inventories 12 (45)
Prepaid expenses and other assets (22) (25)
Trade accounts payable 100 5
Accrued liabilities (187) (60)
Income taxes payable, net (7) 28
Other non-current liabilities (11) (13)
Subtotal (233) (258)
Net cash provided by operating activities 450 395
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property, buildings and equipment and intangibles (107) (103)
Proceeds from sales of assets 14 43
Equity method proceeds (investment) 2 (14)
Net cash used in investing activities (91) (74)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under lines of credit 19 22
Payments against lines of credit (16) (22)
Payments of long-term debt (34) (36)
Proceeds from stock options exercised 16 87
Payments for employee taxes withheld from stock awards (10) (29)
Purchase of treasury stock (400) (201)
Cash dividends paid (163) (155)
Other, net 2 3
Net cash used in financing activities (586) (331)
Exchange rate effect on cash and cash equivalents 4 (4)
NET CHANGE IN CASH AND CASH EQUIVALENTS (223) (14)
Cash and cash equivalents at beginning of year 538 327
Cash and cash equivalents at end of period $ 315 $ 313