XML 17 R4.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statement of Cash Flows (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows from Operating Activities    
Net income including noncontrolling interest $ 2,280 $ 2,095
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities    
Depreciation and amortization 608 559
Company pension and postretirement contributions (125) (128)
Company pension and postretirement expense 268 155
Stock-based compensation expense 172 171
Deferred income taxes 5 18
Excess tax benefits from stock-based compensation (49) (36)
Changes in assets and liabilities    
Accounts receivable (586) (586)
Inventories (376) (428)
Accounts payable 100 243
Accrued income taxes (current and long-term) 128 108
Product and other insurance receivables and claims (39) 5
Other - net (202) 44
Net cash provided by operating activities 2,184 2,220
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (PP&E) (526) (337)
Proceeds from sale of PP&E and other assets 5 4
Acquisitions, net of cash acquired (487) (30)
Purchases of marketable securities and investments (1,425) (2,435)
Proceeds from sale of marketable securities and investments 686 572
Proceeds from maturities of marketable securities 944 851
Other investing (6)  
Net cash used in investing activities (809) (1,375)
Cash Flows from Financing Activities    
Change in short-term debt - net (13) (32)
Repayment of debt (maturities greater than 90 days) (143) (45)
Proceeds from debt (maturities greater than 90 days) 109 9
Purchases of treasury stock (1,358) (393)
Reissuances of treasury stock 753 386
Dividends paid to shareholders (783) (749)
Excess tax benefits from stock-based compensation 49 36
Other - net (51) 27
Net cash used in financing activities (1,437) (761)
Effect of exchange rate changes on cash and cash equivalents 61 (102)
Net increase (decrease) in cash and cash equivalents (1) (18)
Cash and cash equivalents at beginning of year 3,377 3,040
Cash and cash equivalents at end of period $ 3,376 $ 3,022