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Consolidated Cash Flow Statement - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities    
Net Income $ 1,701 $ 722
Depreciation and amortization 528 565
Stock-based compensation 64 68
Deferred income taxes (13) (378)
Equity companies' earnings (in excess of) less than dividends paid (31) (38)
(Increase) decrease in operating working capital 149 (316)
Postretirement benefits 4 941
Adjustments related to Venezuelan operations (11) 45
Other (30) 32
Cash Provided by Operations 2,361 1,641
Investing Activities    
Capital spending (582) (798)
Investments in time deposits (133) (100)
Maturities of time deposits 64 100
Other 75 (25)
Cash Used for Investing (576) (823)
Financing Activities    
Cash dividends paid (981) (952)
Change in short-term debt (837) (109)
Debt proceeds 1,290 1,097
Debt repayments (596) (349)
Proceeds from exercise of stock options 97 102
Acquisitions of common stock for the treasury (512) (503)
Shares purchased from noncontrolling interest 0 (151)
Other 2 6
Cash Used for Financing (1,537) (859)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 17 (105)
Increase (Decrease) in Cash and Cash Equivalents 265 (146)
Cash and Cash Equivalents - Beginning of Period 619 789
Cash and Cash Equivalents - End of Period $ 884 $ 643