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Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Provided by (Used for) Operating Activities:    
Net Income $ 1,220 $ 1,318
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 133 135
Amortization and impairment of intangible assets 84 96
Change in deferred income taxes 39 10
Provision for uncollectible accounts 3 3
(Income) loss from investments (11) (5)
(Gain) loss on sale of plant and equipment 1 (2)
(Gain) loss on sale of operations and affiliates 6 1
Stock-based compensation expense 22 20
Other non-cash items, net 6 5
(Increase) decrease in-    
Trade receivables (116) (288)
Inventories 11 (95)
Prepaid expenses and other assets 14 (3)
Increase (decrease) in-    
Accounts payable 20 47
Accrued expenses and other liabilities (114) (77)
Income taxes (17) (7)
Net cash provided by operating activities 1,301 1,158
Cash Provided by (Used for) Investing Activities:    
Acquisition of businesses (excluding cash and equivalents) and additional interest in affiliates (4) 0
Additions to plant and equipment (154) (181)
Proceeds from investments 15 10
Proceeds from sale of plant and equipment 6 8
Proceeds from sales of operations and affiliates 2 0
Other, net (16) (2)
Net cash provided by (used for) investing activities (151) (165)
Cash Provided by (Used for) Financing Activities:    
Cash dividends paid (654) (530)
Issuance of common stock 24 10
Repurchases of common stock (750) (1,000)
Net proceeds from (repayments of) debt with original maturities of three months or less (2) (850)
Proceeds from debt with original maturities of more than three months 1,774 0
Repayments of debt with original maturities of more than three months (1,350) 0
Other, net (12) (12)
Net cash provided by (used for) financing activities (970) (2,382)
Effect of Exchange Rate Changes on Cash and Equivalents (7) (77)
Cash and Equivalents:    
Increase (decrease) during the period 173 (1,466)
Beginning of period 1,504 3,094
End of period 1,677 1,628
Supplementary Cash Flow Information:    
Cash Paid During the Period for Interest 151 149
Cash Paid During the Period for Income Taxes, Net of Refunds 373 422
Cash Paid During the Period for Lease Liabilities 37
Right-of-Use Assets Obtained in Exchange for Lease Liabilities $ 23