XML 17 R8.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income $ 1,646 $ 1,825
Depreciation, amortization and other 841 897
Deferred income taxes (91) (84)
Other items, net 79 107
Changes in operating assets and liabilities, net of acquisition:    
Trade receivables, net 91 (955)
Inventories (126) (113)
Other assets (146) 319
Accounts payable (29) (25)
Accrued income taxes, net 52 137
Long-term tax liabilities 69 74
Other liabilities (282) (48)
Net cash provided by operating activities 2,104 2,134
Cash flows from investing activities:    
Purchases of marketable securities (7,597) (129)
Proceeds from sales of marketable securities 3,999 2,574
Proceeds from maturities of marketable securities 3,524 113
Purchases of property, plant and equipment (166) (142)
Purchases of equity method investments 0 (2,645)
Other (79) (1)
Net cash used in investing activities (319) (230)
Cash flows from financing activities:    
Proceeds from Issuance of Long-term Debt 0 4,963
Repayment of debt 0 (3,250)
Repurchases of common stock (871) (961)
Dividends paid (1,016) (945)
Other (52) (61)
Net cash used in financing activities (1,939) (254)
(Decrease) increase in cash and cash equivalents (154) 1,650
Cash and cash equivalents at beginning of period 6,266 6,037
Cash and cash equivalents at end of period $ 6,112 $ 7,687