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Consolidated Cash Flow Statement (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating Activities    
Net Income $ 1,658 $ 1,663
Depreciation and amortization 655 641
Asset impairments 42 42
Stock-based compensation 51 73
Deferred income taxes 57 128
Net (gains) losses on asset dispositions (11) 0
Equity companies' earnings in excess of dividends paid (27) (75)
(Increase) decrease in operating working capital (63) (259)
Postretirement benefits (119) (135)
Other 12 17
Cash Provided by Operations 2,255 2,095
Investing Activities    
Capital spending (730) (697)
Acquisitions of businesses 0 (32)
Proceeds from dispositions of property 36 113
Proceeds from sales of investments 96 16
Investments in time deposits (123) (46)
Maturities of time deposits 191 66
Other 5 (10)
Cash Used for Investing (525) (590)
Financing Activities    
Cash dividends paid (942) (913)
Change in short-term borrowings 153 22
Debt proceeds 621 889
Debt repayments (109) (542)
Cash paid on redeemable preferred securities of subsidiaries (22) (21)
Proceeds from exercise of stock options 98 164
Acquisitions of common stock for the treasury (1,122) (959)
Other 0 7
Cash Used for Financing (1,323) (1,353)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (30) (79)
Increase (Decrease) in Cash and Cash Equivalents 377 73
Cash and Cash Equivalents - Beginning of Year 1,054 1,106
Cash and Cash Equivalents - End of Period $ 1,431 $ 1,179