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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 2,311 $ 2,071
Depreciation and amortization 471 524
Share-based compensation expense 54 60
Deferred income taxes (72) (77)
Other items, net 44 15
Changes in operating assets and liabilities, net of acquisitions:    
Trade receivables, net (384) (47)
Inventories (107) (125)
Other assets (135) (155)
Accounts payable (278) (20)
Accrued income taxes, net 353 268
Long-term tax liability 63 124
Other liabilities 407 (253)
Net cash provided by operating activities 2,727 2,385
Cash flows from investing activities:    
Purchases of marketable securities (2,732) (7,077)
Proceeds from sales of marketable securities 16,694 5,612
Proceeds from maturities of marketable securities 900 1,528
Cash acquired in acquisition, net of cash paid 197 0
Purchases of property, plant and equipment (155) (168)
Other 2 (52)
Net cash provided by (used in) investing activities 14,906 (157)
Cash flows from financing activities:    
Repayment of debt 0 (605)
Repurchases of common stock (10,697) (586)
Dividends paid (951) (847)
Other (44) (73)
Net cash used in financing activities (11,692) (2,111)
Increase in cash and cash equivalents 5,941 117
Cash and cash equivalents at beginning of period 3,800 3,241
Cash and cash equivalents at end of period $ 9,741 $ 3,358