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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 4,089 $ 4,083
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation 2,130 1,547
Amortization of intangibles 610 683
Stock-based compensation 248 242
Net (gain)/loss on asset sales and other (787) 6
Changes in operating assets and liabilities, net of acquisitions/divestitures 1,410 336
Net cash provided by operating activities 7,700 6,896
Cash flows from investing activities:    
Payments for property, plant and equipment (1,122) (1,801)
Proceeds from disposition of property, plant and equipment 383 180
Investment in software (305) (275)
Acquisition of businesses, net of cash acquired (43) (122)
Divestitures of businesses, net of cash transferred 888  
Non-operating finance receivables - net 3,828 422
Purchases of marketable securities and other investments (1,803) (2,811)
Proceeds from disposition of marketable securities and other investments 1,483 2,009
Net cash provided by/(used in) investing activities 3,309 (2,399)
Cash flows from financing activities:    
Proceeds from new debt 31,249 2,506
Payments to settle debt (3,869) (3,654)
Short-term borrowings/(repayments) less than 90 days - net (307) 397
Common stock repurchases (1,236) (1,767)
Common stock repurchases for tax withholdings (152) (143)
Financing - other 41 52
Cash dividends paid (2,833) (2,819)
Net cash provided by/(used in) financing activities 22,894 (5,428)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 27 (344)
Net change in cash, cash equivalents and restricted cash 33,930 (1,274)
Cash, cash equivalents and restricted cash at beginning of period 11,604 12,234
Cash, cash equivalents and restricted cash at end of period $ 45,534 $ 10,960