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Consolidated Statement of Cash Flows (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows from Operating Activities  
Net income including noncontrolling interest$ 3,383$ 3,220
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities  
Depreciation and amortization919837
Company pension and postretirement contributions(373)(431)
Company pension and postretirement expense400243
Stock-based compensation expense210228
Deferred income taxes(37)20
Excess tax benefits from stock-based compensation(52)(43)
Changes in assets and liabilities  
Accounts receivable(557)(529)
Inventories(364)(521)
Accounts payable(30)173
Accrued income taxes (current and long-term)212160
Product and other insurance receivables and claims(45)44
Other - net(120)142
Net cash provided by operating activities3,5463,543
Cash Flows from Investing Activities  
Purchases of property, plant and equipment (PP&E)(862)(565)
Proceeds from sale of PP&E and other assets127
Acquisitions, net of cash acquired(531)(48)
Purchases of marketable securities and investments(2,592)(2,947)
Proceeds from sale of marketable securities and investments1,0421,425
Proceeds from maturities of marketable securities1,3531,254
Other investing(6)(3)
Net cash used in investing activities(1,584)(877)
Cash Flows from Financing Activities  
Change in short-term debt - net(13)(31)
Repayment of debt (maturities greater than 90 days)(474)(135)
Proceeds from debt (maturities greater than 90 days)1,1089
Purchases of treasury stock(2,207)(415)
Reissuances of treasury stock865505
Dividends paid to shareholders(1,171)(1,124)
Excess tax benefits from stock-based compensation5243
Other - net(58)(77)
Net cash used in financing activities(1,898)(1,225)
Effect of exchange rate changes on cash and cash equivalents(65)(15)
Net increase (decrease) in cash and cash equivalents(1)1,426
Cash and cash equivalents at beginning of year3,3773,040
Cash and cash equivalents at end of period$ 3,376$ 4,466