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Consolidated Cash Flow Statement - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities    
Net income $ 1,694 $ 1,701
Depreciation and amortization 540 528
Stock-based compensation 64 64
Deferred income taxes (41) (13)
Equity companies' earnings in excess of dividends paid (12) (31)
Operating working capital (154) 149
Postretirement benefits (1) 4
Other (24) (41)
Net Cash Provided by (Used in) Operating Activities 2,066 2,361
Investing Activities    
Capital spending (595) (582)
Investments in time deposits (123) (133)
Maturities of time deposits 70 64
Other (29) 75
Net Cash Provided by (Used in) Investing Activities (677) (576)
Financing Activities    
Cash dividends paid (1,017) (981)
Change in short-term debt 111 (837)
Debt proceeds 937 1,290
Debt repayments (972) (596)
Proceeds from exercise of stock options 114 97
Acquisitions of common stock for the treasury (804) (512)
Other (49) 2
Net Cash Provided by (Used in) Financing Activities (1,680) (1,537)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 23 17
Change in Cash and Cash Equivalents (268) 265
Cash and Cash Equivalents - Beginning of Period 923 619
Cash and Cash Equivalents - End of Period $ 655 $ 884