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Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash Flows from Operating Activities    
Net income including noncontrolling interest $ 3,507 $ 3,383
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities    
Depreciation and amortization 956 919
Company pension and postretirement contributions (918) (373)
Company pension and postretirement expense 490 400
Stock-based compensation expense 181 210
Deferred income taxes 89 (37)
Excess tax benefits from stock-based compensation (53) (52)
Changes in assets and liabilities    
Accounts receivable (493) (557)
Inventories (368) (364)
Accounts payable 141 (30)
Accrued income taxes (current and long-term) (48) 212
Product and other insurance receivables and claims (11) (45)
Other - net 89 (120)
Net cash provided by operating activities 3,562 3,546
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (PP&E) (977) (862)
Proceeds from sale of PP&E and other assets 15 12
Acquisitions, net of cash acquired (248) (531)
Purchases of marketable securities and investments (4,313) (2,592)
Proceeds from sale of marketable securities and investments 1,778 1,042
Proceeds from maturities of marketable securities 1,597 1,353
Other investing 14 (6)
Net cash used in investing activities (2,134) (1,584)
Cash Flows from Financing Activities    
Change in short-term debt - net (36) (13)
Repayment of debt (maturities greater than 90 days) (18) (474)
Proceeds from debt (maturities greater than 90 days) 1,251 1,108
Purchases of treasury stock (1,490) (2,207)
Proceeds from issuance of treasury stock pursuant to stock option and benefit plans 772 865
Dividends paid to shareholders (1,228) (1,171)
Excess tax benefits from stock-based compensation 53 52
Other - net (18) (58)
Net cash used in financing activities (714) (1,898)
Effect of exchange rate changes on cash and cash equivalents 96 (65)
Net increase (decrease) in cash and cash equivalents 810 (1)
Cash and cash equivalents at beginning of year 2,219 3,377
Cash and cash equivalents at end of period $ 3,029 $ 3,376