XML 49 R8.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows from Operating Activities    
Net income including noncontrolling interest $ 2,504 $ 2,508
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities    
Depreciation and amortization 683 708
Company pension and postretirement contributions (185) (77)
Company pension and postretirement expense 283 196
Stock-based compensation expense 187 174
Deferred income taxes 295 (36)
Excess tax benefits from stock-based compensation (129) (97)
Changes in assets and liabilities    
Accounts receivable (446) (484)
Inventories (269) (242)
Accounts payable (34) 57
Accrued income taxes (current and long-term) (421) 16
Other - net (50) 9
Net cash provided by operating activities 2,418 2,732
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (PP&E) (661) (634)
Proceeds from sale of PP&E and other assets 14 38
Acquisitions, net of cash acquired (153) (94)
Purchases of marketable securities and investments (341) (849)
Proceeds from maturities and sale of marketable securities and investments 1,269 982
Proceeds from sale of businesses 19 0
Other investing 19 (22)
Net cash provided by (used in) investing activities 166 (579)
Cash Flows from Financing Activities    
Change in short-term debt - net (39) 62
Repayment of debt (maturities greater than 90 days) (10) (119)
Proceeds from debt (maturities greater than 90 days) 1,925 1,078
Purchases of treasury stock (2,581) (3,134)
Proceeds from issuance of treasury stock pursuant to stock option and benefit plans 450 585
Dividends paid to shareholders (1,298) (1,122)
Excess tax benefits from stock-based compensation 129 97
Other - net (50) (31)
Net cash used in financing activities (1,474) (2,584)
Effect of exchange rate changes on cash and cash equivalents (24) (25)
Net increase (decrease) in cash and cash equivalents 1,086 (456)
Cash and cash equivalents at beginning of year 1,897 2,581
Cash and cash equivalents at end of period $ 2,983 $ 2,125