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Consolidated Cash Flow Statement (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating Activities      
Net Income $ 1,828 $ 1,684 $ 1,943
Depreciation and amortization 857 1,091 813
Asset Impairments 171 58   
Stock-based Compensation 67 48 52
Deferred income taxes 224 274 (12)
Net losses on asset dispositions 35 (6) 26
Equity companies' earnings in excess of dividends paid (27) (23) (48)
(Increase) decrease in operating working capital 119 (262) 24
Postretirement benefits 7 (574) (125)
Other 7 (2) 71
Cash Provided by Operations 3,288 2,288 2,744
Investing Activities      
Capital spending (1,093) (968) (964)
Proceeds from maturity of note receivable 0 220 0
Proceeds from sales of investments 23 28 47
Investments in time deposits (212) (158) (131)
Maturities of time deposits 95 141 248
Proceeds from disposition of property 9 51 9
Other (6) 5 10
Cash Used for Investing (1,184) (681) (781)
Financing Activities      
Cash dividends paid (1,151) (1,099) (1,066)
Net increase (decrease) in short-term debt 271 13 (28)
Proceeds from issuance of long-term debt 315 839 515
Repayments of long-term debt (492) (107) (506)
Redemption of redeemable preferred securities of subsidiarry 0 (500) 0
Cash paid on redeemable preferred securities of subsidiary (28) (57) (54)
Proceeds from exercise of stock options 565 435 131
Acquisitions of common stock for the treasury (1,284) (1,246) (803)
Other 2 (19) (48)
Cash Used for Financing (1,802) (1,741) (1,859)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 40 22 (26)
(Decrease) increase in Cash and Cash Equivalents 342 (112) 78
Cash and Cash Equivalents, beginning of year 764 876 798
Cash and Cash Equivalents, end of year $ 1,106 $ 764 $ 876