XML 47 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash Flows from Operating Activities    
Net income including noncontrolling interest $ 2,327 $ 2,280
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities    
Depreciation and amortization 634 608
Company pension and postretirement contributions (672) (125)
Company pension and postretirement expense 335 268
Stock-based compensation expense 145 172
Deferred income taxes 86 5
Excess tax benefits from stock-based compensation (41) (49)
Changes in assets and liabilities    
Accounts receivable (553) (586)
Inventories (268) (376)
Accounts payable 150 100
Accrued income taxes (current and long-term) 226 128
Product and other insurance receivables and claims (63) (39)
Other - net (89) (202)
Net cash provided by operating activities 2,217 2,184
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (PP&E) (619) (526)
Proceeds from sale of PP&E and other assets 8 5
Acquisitions, net of cash acquired (144) (487)
Purchases of marketable securities and investments (2,311) (1,425)
Proceeds from sale of marketable securities and investments 1,027 686
Proceeds from maturities of marketable securities 1,181 944
Other investing 4 (6)
Net cash used in investing activities (854) (809)
Cash Flows from Financing Activities    
Change in short-term debt - net (34) (13)
Repayment of debt (maturities greater than 90 days) (18) (143)
Proceeds from debt (maturities greater than 90 days) 1,244 109
Purchases of treasury stock (1,163) (1,358)
Proceeds from issuance of treasury stock pursuant to stock option and benefit plans 479 753
Dividends paid to shareholders (820) (783)
Excess tax benefits from stock-based compensation 41 49
Other - net 0 (51)
Net cash used in financing activities (271) (1,437)
Effect of exchange rate changes on cash and cash equivalents (3) 61
Net increase (decrease) in cash and cash equivalents 1,089 (1)
Cash and cash equivalents at beginning of year 2,219 3,377
Cash and cash equivalents at end of period $ 3,308 $ 3,376