XML 75 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating activities      
Net income $ 2,813 $ 3,510 $ 3,052
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation 1,376 1,283 1,204
Amortization of intangible Assets 337 277 176
Other operating charges and credits - net 1,186 992 809
Contributions to pension plans (848) (341) (782)
(Increase) decrease in operating assets:      
Accounts and notes receivable 114 (360) (481)
Inventories and other operating assets (857) (902) (512)
Increase (decrease) in operating liabilities:      
Accounts payable and other operating liabilities 1,037 526 1,010
Accrued interest and income taxes (309) 167 83
Cash provided by operating activities 4,849 5,152 4,559
Investing activities      
Purchases of property, plant and equipment (1,793) [1] (1,843) [1] (1,508) [1]
Investments in affiliates (97) (67) (100)
Payments for businesses - net of cash acquired (18) (6,459) (637)
Proceeds from sales of assets - net of cash sold 302 214 195
Net decrease (increase) in short-term financial instruments 315 2,149 (457)
Forward exchange contract settlements (40) (227) 176
Other investing activities - net (15) (5) (108)
Cash used for investing activities (1,346) (6,238) (2,439)
Financing activities      
Dividends paid to stockholders (1,594) (1,533) (1,501)
Net (decrease) increase in short-term (less than 90 days) borrowings (200) 185 20
Long-term and other borrowings:      
Receipts 323 2,539 2,061
Payments (916) (1,163) (2,859)
Repurchase of common stock (400) (672) (250)
Proceeds from exercise of stock options 550 952 708
Payments for noncontrolling interests (470) 0 0
Other financing activities - net 10 95 (8)
Cash (used for) provided by financing activities (2,697) 403 (1,829)
Effect of exchange rate changes on cash (13) 6 (49)
Cash reclassified as held for sale (95) 0 0
Increase (decrease) in cash and cash equivalents 698 (677) 242
Cash and cash equivalents at beginning of year 3,586 4,263 4,021
Cash and cash equivalents at end of year 4,284 3,586 4,263
Supplemental cash flow information:      
Interest, net of amounts capitalized 501 455 623
Income taxes $ 1,054 $ 527 $ 416
[1] See Note 1 for additional information on the presentation of the Performance Coatings business which met the criteria for discontinued operations during 2012.