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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net income $ 2,525 $ 1,959 $ 3,636
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation 939 1,104 1,254
Amortization of intangible assets 319 362 363
Net periodic pension benefit cost 572 591 406
Contributions to pension plans (535) (308) (311)
Gain on sales of business and other assets 436 59 726
Asset related charges 682 147 174
Other operating activities - net 366 106 192
(Increase) decrease in operating assets:      
Accounts and notes receivable (270) (448) (88)
Inventories and other operating assets (54) 164 (318)
Increase (decrease) in operating liabilities:      
Accounts payable and other operating liabilities (704) (1,063) (1,064)
Accrued interest and income taxes (104) (239) 194
Cash provided by operating activities 3,300 2,316 3,712
Investing activities      
Purchases of property, plant and equipment (1,019) (1,629) (2,020)
Investments in affiliates (19) (76) (42)
Payments for businesses - net of cash acquired 0 (152) 0
Proceeds from sale of businesses and other assets - net 316 156 1,092
Purchases of short-term financial instruments (2,633) (1,897) (936)
Proceeds from maturities and sales of short-term financial instruments 2,181 1,121 950
Foreign currency exchange contract settlements (385) 615 430
Other investing activities - net 45 34 189
Cash (used for) provided by for investing activities (1,514) (1,828) (337)
Financing activities      
Dividends paid to stockholders (1,335) (1,546) (1,696)
Net increase (decrease) in short-term (less than 90 days) borrowings 387 (1) (11)
Long-term and other borrowings:      
Receipts 813 3,679 104
Payments (1,440) (1,537) (1,794)
Repurchase of common stock (916) (2,353) (2,000)
Proceeds from exercise of stock options 181 274 327
Cash transferred to Chemours at spin-off 0 (250) 0
Other financing activities - net (18) (89) (4)
Cash used for financing activities (2,328) (1,823) (5,074)
Effect of exchange rate changes on cash (153) (275) (332)
(Decrease) increase in cash and cash equivalents (695) (1,610) (2,031)
Cash and cash equivalents at beginning of year 5,300 6,910 8,941
Cash and cash equivalents at end of year 4,605 5,300 6,910
Supplemental cash flow information:      
Interest, net of amounts capitalized 386 341 394
Income taxes $ 735 $ 885 $ 1,016