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Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows from Operating Activities    
Net income including noncontrolling interest $ 3,819 $ 3,605
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities    
Depreciation and amortization 1,058 1,014
Company pension and postretirement contributions (112) (385)
Company pension and postretirement expense 293 414
Stock-based compensation expense 221 197
Deferred income taxes (61) (54)
Excess tax benefits from stock-based compensation (121) (68)
Changes in assets and liabilities    
Accounts receivable (587) (643)
Inventories (232) (155)
Accounts payable 55 (26)
Accrued income taxes (current and long-term) 36 25
Product and other insurance receivables and claims 50 37
Other - net 24 (137)
Net cash provided by operating activities 4,443 3,824
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (PP&E) (1,003) (1,122)
Proceeds from sale of PP&E and other assets 116 86
Acquisitions, net of cash acquired (94) 0
Purchases of marketable securities and investments (1,028) (3,589)
Proceeds from maturities and sale of marketable securities and investments 1,411 3,902
Proceeds from sale of businesses 0 8
Other investing 20 13
Net cash used in investing activities (578) (702)
Cash Flows from Financing Activities    
Change in short-term debt - net 1,935 607
Repayment of debt (maturities greater than 90 days) (1,551) (853)
Proceeds from debt (maturities greater than 90 days) 1,064 12
Purchases of treasury stock (4,373) (3,538)
Proceeds from issuance of treasury stock pursuant to stock option and benefit plans 739 1,372
Dividends paid to shareholders (1,672) (1,307)
Excess tax benefits from stock-based compensation 121 68
Purchase of noncontrolling interest (699) 0
Other - net (37) (4)
Net cash used in financing activities (4,473) (3,643)
Effect of exchange rate changes on cash and cash equivalents (44) (22)
Net increase (decrease) in cash and cash equivalents (652) (543)
Cash and cash equivalents at beginning of year 2,581 2,883
Cash and cash equivalents at end of period $ 1,929 $ 2,340