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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities      
Net income $ 1,352 $ 937 $ 385
Adjustments to reconcile to net cash provided by operating activities      
Depreciation and amortization 556 551 573
Deferred income taxes (113) 26 (191)
Pension expense 227 179 270
Contributions to pension plans (372) (403) (271)
Contributions to other postretirement benefits plans (223) (82) (87)
Excess tax benefit from equity-based compensation (57) 0 (4)
Changes in working capital      
Accounts receivable-net (219) (305) 440
Inventory (113) (219) 292
Accounts payable 92 322 (73)
Accrued compensation (38) 203 (50)
Accrued income and other taxes 123 (11) 34
Other current assets 11 (46) 48
Other current liabilites (30) 22 58
Other-net 52 108 (16)
Net cash provided by operating activities 1,248 1,282 1,408
Investing activities      
Capital expenditures for property, plant and equipment (568) (394) (195)
Cash paid for acquisitions of businesses (325) (222) (10)
Sales (purchases) of short-term investments-net 103 (392) (64)
Other-net (10) (4) 44
Net cash used in investing activities (800) (1,012) (225)
Borrowings with original maturities of more than three months      
Proceeds 353 55 558
Payments (65) (65) (887)
Borrowings (payments) with original maturities of less than three months-net (primarily commercial paper) 12 (37) (424)
Cash dividends paid (462) (363) (334)
Exercise of employee stock options 71 157 27
Repurchase of shares (343) 0 0
Excess tax benefit from equity-based compensation 57 0 4
Other-net (4) (8) (5)
Net cash used in financing activities (381) (261) (1,061)
Effect of foreign exchange rate changes on cash (15) (16) 30
Total increase (decrease) in cash 52 (7) 152
Cash at the beginning of the period 333 340 188
Cash at the end of the period $ 385 $ 333 $ 340