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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 7,842 $ 8,394 $ 1,979
Depreciation, amortization and other 2,206 1,946 1,955
Stock-based compensation expense 308 311 329
Deferred income taxes (289) (363) (1,330)
Other items, net 186 (386) (334)
Changes in operating assets and liabilities, net of acquisitions:      
Trade receivables, net (504) (378) (58)
Inventories (66) (3) 133
Other assets 10 35 (24)
Accounts payable 164 (143) 424
Accrued income taxes, net (585) (361) 523
Long-term tax liabilities (146) 258 6,681
Other liabilities 396 1,214 231
Net cash provided by operating activities 9,150 11,296 11,177
Cash flows from investing activities:      
Purchases of marketable securities (9,394) (18,741) (33,607)
Proceeds from sales of marketable securities 8,842 28,356 24,240
Proceeds from maturities of marketable securities 20,548 5,412 6,174
Purchases of property, plant and equipment (618) (738) (664)
Cash paid for acquisitions, net of cash acquired (13,617) 195 (19)
Other (52) (145) (148)
Net cash provided by (used in) investing activities 5,709 14,339 (4,024)
Cash flows from financing activities:      
Net proceeds from issuance of debt 0 0 4,476
Repayment of debt (4,514) (1,121) (4,405)
Repurchases of common stock (7,702) (17,794) (3,160)
Dividends paid (3,509) (3,507) (3,365)
Withholding taxes arising from shares withheld for share-based payments (137) (126) (191)
Other 95 58 51
Net cash used in financing activities (15,767) (22,490) (6,594)
(Decrease) increase in cash and cash equivalents (908) 3,145 559
Cash and cash equivalents at beginning of year 6,945 3,800 3,241
Cash and cash equivalents at end of year $ 6,037 $ 6,945 $ 3,800