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Consolidated Statement of Cash Flows (USD $)
In Millions
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Cash Flows from Operating Activities      
Net income including noncontrolling interest $ 4,163 $ 3,244 $ 3,520
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities      
Depreciation and amortization 1,120 1,157 1,153
Company pension and postretirement contributions (618) (792) (474)
Company pension and postretirement expense 322 223 105
Stock-based compensation expense 274 217 202
Loss from sale of businesses     23
Deferred income taxes (170) 701 99
Excess tax benefits from stock-based compensation (53) (14) (21)
Changes in assets and liabilities      
Accounts receivable (189) 55 197
Inventories (404) 453 (127)
Accounts payable 146 109 (224)
Accrued income taxes (current and long-term) 255 (147) (143)
Product and other insurance receivables and claims 49 64 153
Other - net 279 (329) 70
Net cash provided by operating activities 5,174 4,941 4,533
Cash Flows from Investing Activities      
Purchases of property, plant and equipment (PP&E) (1,091) (903) (1,471)
Proceeds from sale of PP&E and other assets 25 74 87
Acquisitions, net of cash acquired (1,830) (69) (1,394)
Purchases of marketable securities and investments (3,287) (2,240) (2,211)
Proceeds from sale of marketable securities and investments 1,995 718 1,810
Proceeds from maturities of marketable securities 1,565 683 692
Proceeds from sale of businesses   5 88
Other investing (66)    
Net cash used in investing activities (2,689) (1,732) (2,399)
Cash Flows from Financing Activities      
Change in short-term debt - net (24) (536) 361
Repayment of debt (maturities greater than 90 days) (556) (519) (1,080)
Proceeds from debt (maturities greater than 90 days) 108 41 1,756
Purchases of treasury stock (854) (17) (1,631)
Reissuances of treasury stock 666 431 289
Dividends paid to shareholders (1,500) (1,431) (1,398)
Distributions to noncontrolling interests     (23)
Excess tax benefits from stock-based compensation 53 14 21
Other - net (14) 3 (61)
Net cash used in financing activities (2,121) (2,014) (1,766)
Effect of exchange rate changes on cash and cash equivalents (27) (4) (415)
Net increase/(decrease) in cash and cash equivalents 337 1,191 (47)
Cash and cash equivalents at beginning of year 3,040 1,849 1,896
Cash and cash equivalents at end of year $ 3,377 $ 3,040 $ 1,849