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Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash Flows from Operating Activities      
Net income including noncontrolling interest $ 4,357 $ 4,163 $ 3,244
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities      
Depreciation and amortization 1,236 1,120 1,157
Company pension and postretirement contributions (582) (618) (792)
Company pension and postretirement expense 555 322 223
Stock-based compensation expense 253 274 217
Deferred income taxes 177 (170) 701
Excess tax benefits from stock-based compensation (53) (53) (14)
Changes in assets and liabilities      
Accounts receivable (205) (189) 55
Inventories (196) (404) 453
Accounts payable (83) 146 109
Accrued income taxes (current and long-term) (45) 255 (147)
Product and other insurance receivables and claims 9 49 64
Other - net (139) 279 (329)
Net cash provided by operating activities 5,284 5,174 4,941
Cash Flows from Investing Activities      
Purchases of property, plant and equipment (PP&E) (1,379) (1,091) (903)
Proceeds from sale of PP&E and other assets 55 25 74
Acquisitions, net of cash acquired (649) (1,830) (69)
Purchases of marketable securities and investments (4,162) (3,287) (2,240)
Proceeds from sale of marketable securities and investments 1,679 1,995 718
Proceeds from maturities of marketable securities 1,738 1,565 683
Other investing   (3) 5
Net cash used in investing activities (2,718) (2,626) (1,732)
Cash Flows from Financing Activities      
Change in short-term debt - net 11 (24) (536)
Repayment of debt (maturities greater than 90 days) (1,429) (556) (519)
Proceeds from debt (maturities greater than 90 days) 1,111 108 41
Purchases of treasury stock (2,701) (854) (17)
Proceeds from issuances of treasury stock pursuant to stock option and benefit plans 902 666 431
Dividends paid to shareholders (1,555) (1,500) (1,431)
Excess tax benefits from stock-based compensation 53 53 14
Other - net (67) (77) 3
Net cash used in financing activities (3,675) (2,184) (2,014)
Effect of exchange rate changes on cash and cash equivalents (49) (27) (4)
Net increase/(decrease) in cash and cash equivalents (1,158) 337 1,191
Cash and cash equivalents at beginning of year 3,377 3,040 1,849
Cash and cash equivalents at end of year $ 2,219 $ 3,377 $ 3,040