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Consolidated Cash Flow Statement - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net income $ 1,850 $ 1,641
Depreciation and amortization 606 700
Stock-based compensation 101 74
Deferred income taxes (30) 8
Net (gains) losses on asset dispositions 67 (155)
Equity companies' earnings (in excess of) less than dividends paid (53) (31)
Operating working capital 292 (399)
Postretirement benefits 7 (16)
Other 2 (10)
Cash Provided by Operations 2,842 1,812
Investing Activities    
Capital spending (894) (867)
Proceeds from dispositions of property 5 206
Investments in time deposits (509) (353)
Maturities of time deposits 404 287
Other 17 (40)
Cash Used for Investing (977) (767)
Financing Activities    
Cash dividends paid (1,087) (1,054)
Change in short-term debt (497) 324
Debt proceeds 1,842 700
Debt repayments (753) (705)
Proceeds from exercise of stock options 212 211
Acquisitions of common stock for the treasury (449) (544)
Other (40) (92)
Cash Used for Financing (772) (1,160)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (17) (8)
Change in Cash and Cash Equivalents 1,076 (123)
Cash and Cash Equivalents - Beginning of Period 442 539
Cash and Cash Equivalents - End of Period $ 1,518 $ 416