XML 45 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash Flows from Operating Activities    
Net income including noncontrolling interest $ 1,141 $ 1,103
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities    
Depreciation and amortization 313 289
Company pension and postretirement contributions (337) (61)
Company pension and postretirement expense 180 135
Stock-based compensation expense 103 116
Deferred income taxes 44 3
Excess tax benefits from stock-based compensation (28) (15)
Changes in assets and liabilities    
Accounts receivable (431) (469)
Inventories (96) (180)
Accounts payable 118 80
Accrued income taxes (current and long-term) 221 137
Product and other insurance receivables and claims (74) (39)
Other - net (326) (366)
Net cash provided by operating activities 828 733
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (PP&E) (261) (231)
Proceeds from sale of PP&E and other assets 4 2
Acquisitions, net of cash acquired   (471)
Purchases of marketable securities and investments (900) (757)
Proceeds from sale of marketable securities and investments 539 363
Proceeds from maturities of marketable securities 574 376
Other investing 1 (6)
Net cash used in investing activities (43) (724)
Cash Flows from Financing Activities    
Change in short-term debt - net (18) 12
Repayment of debt (maturities greater than 90 days) (15) (104)
Proceeds from debt (maturities greater than 90 days) 6 107
Purchases of treasury stock (524) (680)
Proceeds from issuance of treasury stock pursuant to stock option and benefit plans 213 378
Dividends paid to shareholders (410) (392)
Excess tax benefits from stock-based compensation 28 15
Other - net (2) (33)
Net cash used in financing activities (722) (697)
Effect of exchange rate changes on cash and cash equivalents 50 58
Net increase (decrease) in cash and cash equivalents 113 (630)
Cash and cash equivalents at beginning of year 2,219 3,377
Cash and cash equivalents at end of period $ 2,332 $ 2,747