XML 48 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities    
Net income including noncontrolling interest $ 3,802 $ 3,819
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities    
Depreciation and amortization 1,038 1,058
Company pension and postretirement contributions (216) (112)
Company pension and postretirement expense 418 293
Stock-based compensation expense 233 221
Deferred income taxes 393 (61)
Excess tax benefits from stock-based compensation (137) (121)
Changes in assets and liabilities    
Accounts receivable (478) (587)
Inventories (139) (232)
Accounts payable (112) 55
Accrued income taxes (current and long-term) (588) 36
Other - net (132) 74
Net cash provided by operating activities 4,082 4,443
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (PP&E) (1,015) (1,003)
Proceeds from sale of PP&E and other assets 17 116
Acquisitions, net of cash acquired (2,910) (94)
Purchases of marketable securities and investments (486) (1,028)
Proceeds from maturities and sale of marketable securities and investments 1,742 1,411
Proceeds from sale of businesses 19  
Other investing 22 20
Net cash used in investing activities (2,611) (578)
Cash Flows from Financing Activities    
Change in short-term debt - net 1,160 1,935
Repayment of debt (maturities greater than 90 days) (793) (1,551)
Proceeds from debt (maturities greater than 90 days) 3,420 1,064
Purchases of treasury stock (4,104) (4,373)
Proceeds from issuance of treasury stock pursuant to stock option and benefit plans 518 739
Dividends paid to shareholders (1,933) (1,672)
Excess tax benefits from stock-based compensation 137 121
Purchase of noncontrolling interest   (699)
Other - net (99) (37)
Net cash used in financing activities (1,694) (4,473)
Effect of exchange rate changes on cash and cash equivalents (69) (44)
Net increase (decrease) in cash and cash equivalents (292) (652)
Cash and cash equivalents at beginning of year 1,897 2,581
Cash and cash equivalents at end of period $ 1,605 $ 1,929