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Condensed Consolidated Cash Flow Statement (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating Activities    
Net income $ 1,005 $ 804
Depreciation and amortization 432 530
Stock-based compensation 43 31
Increase in operating working capital (309) (62)
Deferred income taxes 174 136
Net losses on asset dispositions 17 10
Equity companies' earnings in excess of dividends paid (45) (49)
Postretirement benefits 22 (361)
Other (14) (18)
Cash Provided by Operations 1,325 1,021
Investing Activities    
Capital spending (486) (435)
Proceeds from sales of investments 7 9
Investments in time deposits (37) (78)
Maturities of time deposits 43 71
Other 1 1
Cash Used for Investing (472) (432)
Financing Activities    
Cash dividends paid (567) (549)
Net increase (decrease) in short-term debt 268 287
Proceeds from issuance of long-term debt 309 700
Repayments of long-term debt (421) (13)
Cash paid on redeemable preferred securities of subsidiary (14) (27)
Proceeds from exercise of stock options 424 202
Acquisitions of common stock for the treasury (651) (1,206)
Other 14 13
Cash Used for Financing (638) (593)
Effect of exchange rate changes on Cash and Cash Equivalents 15 36
Increase (decrease) in Cash and Cash Equivalents 230 32
Cash and Cash Equivalents, beginning of year 764 876
Cash and Cash Equivalents, end of period $ 994 $ 908