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Consolidated Cash Flow Statement - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities    
Net income $ 562 $ 1,115
Depreciation and amortization 435 358
Asset impairments 74 0
Stock-based compensation 26 50
Deferred income taxes 17 (34)
Net losses on asset dispositions 53 10
Equity companies' earnings in excess of dividends paid (25) (22)
Operating working capital 93 (191)
Postretirement benefits (14) (8)
Other 108 (17)
Cash Provided by Operations 1,329 1,261
Investing Activities    
Capital spending (347) (386)
Investments in time deposits (147) (61)
Maturities of time deposits 94 70
Other (12) (10)
Cash Used for Investing (412) (387)
Financing Activities    
Cash dividends paid (691) (674)
Change in short-term debt 104 114
Debt proceeds 0 344
Debt repayments (4) (12)
Proceeds from exercise of stock options 22 107
Acquisitions of common stock for the treasury (420) (597)
Other (41) (46)
Cash Used for Financing (1,030) (764)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (19) 18
Change in Cash and Cash Equivalents (132) 128
Cash and Cash Equivalents - Beginning of Period 616 923
Cash and Cash Equivalents - End of Period $ 484 $ 1,051