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Consolidated Cash Flow Statement - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities    
Net Income $ 560 $ 486
Depreciation and amortization 172 194
Stock-based compensation 15 15
Deferred income taxes (34) 171
Equity companies' earnings (in excess of) less than dividends paid (30) (35)
(Increase) decrease in operating working capital (105) (446)
Postretirement benefits (16) (414)
Charge related to Venezuelan operations 0 45
Other (9) 4
Cash Provided by Operations 553 20
Investing Activities    
Capital spending (220) (284)
Investments in time deposits (59) (46)
Maturities of time deposits 42 73
Other 8 (24)
Cash Used for Investing (229) (281)
Financing Activities    
Cash dividends paid (318) (310)
Change in short-term debt (675) 291
Debt proceeds 796 497
Debt repayments (2) (4)
Proceeds from exercise of stock options 31 41
Acquisitions of common stock for the treasury (140) (248)
Shares purchased from noncontrolling interest 0 (151)
Other (7) (12)
Cash (Used for) Provided by Financing (315) 104
Effect of Exchange Rate Changes on Cash and Cash Equivalents 7 (45)
Increase (Decrease) in Cash and Cash Equivalents 16 (202)
Cash and Cash Equivalents - Beginning of Year 619 789
Cash and Cash Equivalents - End of Period $ 635 $ 587