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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities      
Net income $ 5,753 $ 11,872 $ 13,190
Adjustments to reconcile net income to cash provided by operating activities      
Depreciation 3,021 2,837 2,662
Amortization of intangibles 1,520 1,544 1,193
Stock-based compensation 534 544 468
Deferred taxes (931) (1,132) 1,387
Net (gain)/loss on asset sales and other 14 62 481
Loss on microelectronics business disposal     71
Change in operating assets and liabilities, net of acquisitions/divestitures      
Receivables (including financing receivables) 1,297 712 812
Retirement related 1,014 54 (22)
Inventories 18 (14) 133
Other assets/other liabilities 4,437 408 [1] (3,200) [1]
Accounts payable 47 197 81
Net cash provided by operating activities 16,724 17,084 [1] 17,255 [1]
Cash flows from investing activities      
Payments for property, plant and equipment (3,229) (3,567) (3,579)
Proceeds from disposition of property, plant and equipment 460 424 370
Investment in software (544) (583) (572)
Purchases of marketable securities and other investments (4,964) (5,917) (3,073)
Proceeds from disposition of marketable securities and other investments 3,910 5,692 2,842
Non-operating finance receivables - net (2,028) (891) (398)
Acquisition of businesses, net of cash acquired (496) (5,679) (3,349)
Divestiture of businesses, net of cash transferred (205) (454) (401)
Net cash used in investing activities (7,096) (10,976) (8,159)
Cash flows from financing activities      
Proceeds from new debt 9,643 9,132 5,540
Payments to settle debt (6,816) (6,395) (5,622)
Short-term borrowings/(repayments) less than 90 days - net 620 26 101
Common stock repurchases (4,340) (3,502) (4,609)
Common stock repurchases for tax withholdings (193) (126) [1] (248) [1]
Common stock transactions - other 175 204 322
Cash dividends paid (5,506) (5,256) (4,897)
Net cash used in financing activities (6,418) (5,917) [1] (9,413) [1]
Effect of exchange rate changes on cash and cash equivalents 937 (51) (473)
Net change in cash and cash equivalents 4,146 140 (790)
Cash and cash equivalents at beginning of period 7,826 7,686 8,476
Cash and cash equivalents at end of period 11,972 7,826 7,686
Supplemental data      
Income taxes paid - net of refunds received 1,597 1,078 2,657
Interest paid on debt $ 1,208 $ 1,158 $ 995
[1] Reclassified to reflect adoption of the FASB guidance on share-based compensation.