XML 46 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash Flows from Operating Activities      
Net income including noncontrolling interest $ 4,511 $ 4,357 $ 4,163
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities      
Depreciation and amortization 1,288 1,236 1,120
Company pension and postretirement contributions (1,146) (582) (618)
Company pension and postretirement expense 650 555 322
Stock-based compensation expense 223 253 274
Deferred income taxes 33 177 (170)
Excess tax benefits from stock-based compensation (62) (53) (53)
Changes in assets and liabilities      
Accounts receivable (133) (205) (189)
Inventories (251) (196) (404)
Accounts payable 72 (83) 146
Accrued income taxes (current and long-term) 90 (45) 255
Product and other insurance receivables and claims (32) 9 49
Other - net 57 (139) 279
Net cash provided by operating activities 5,300 5,284 5,174
Cash Flows from Investing Activities      
Purchases of property, plant and equipment (PP&E) (1,484) (1,379) (1,091)
Proceeds from sale of PP&E and other assets 41 55 25
Acquisitions, net of cash acquired (1,046) (649) (1,830)
Purchases of marketable securities and investments (5,492) (4,162) (3,287)
Proceeds from sale of marketable securities and investments 3,151 1,679 1,995
Proceeds from maturities of marketable securities 2,130 1,738 1,565
Other investing 14 0 (3)
Net cash used in investing activities (2,686) (2,718) (2,626)
Cash Flows from Financing Activities      
Change in short-term debt - net (36) 11 (24)
Repayment of debt (maturities greater than 90 days) (612) (1,429) (556)
Proceeds from debt (maturities greater than 90 days) 1,370 1,111 108
Purchases of treasury stock (2,204) (2,701) (854)
Proceeds from issuances of treasury stock pursuant to stock option and benefit plans 1,012 902 666
Dividends paid to shareholders (1,635) (1,555) (1,500)
Excess tax benefits from stock-based compensation 62 53 53
Other - net (15) (67) (77)
Net cash used in financing activities (2,058) (3,675) (2,184)
Effect of exchange rate changes on cash and cash equivalents 108 (49) (27)
Net increase/(decrease) in cash and cash equivalents 664 (1,158) 337
Cash and cash equivalents at beginning of year 2,219 3,377 3,040
Cash and cash equivalents at end of year $ 2,883 $ 2,219 $ 3,377