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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities    
Net income including noncontrolling interest $ 1,278 $ 1,201
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities    
Depreciation and amortization 356 339
Company pension and postretirement contributions (56) (91)
Company pension and postretirement expense 59 134
Stock-based compensation expense 144 138
Deferred income taxes (38) 44
Excess tax benefits from stock-based compensation   (101)
Changes in assets and liabilities    
Accounts receivable (245) (296)
Inventories (37) (131)
Accounts payable (116) 56
Accrued income taxes (current and long-term) 334 100
Other - net (419) (313)
Net cash provided by operating activities 1,260 1,080
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (PP&E) (314) (291)
Proceeds from sale of PP&E and other assets 18 4
Acquisitions, net of cash acquired (4) (150)
Purchases of marketable securities and investments (225) (191)
Proceeds from maturities and sale of marketable securities and investments 164 605
Proceeds from sale of businesses 56 19
Other investing 25 4
Net cash used in investing activities (280)  
Cash Flows from Financing Activities    
Change in short-term debt - net 138 (4)
Purchases of treasury stock (1,227) (886)
Proceeds from issuance of treasury stock pursuant to stock option and benefit plans 357 309
Dividends paid to shareholders (672) (652)
Excess tax benefits from stock-based compensation   101
Other - net (22) (22)
Net cash used in financing activities (1,426) (1,154)
Effect of exchange rate changes on cash and cash equivalents (15) (32)
Net increase (decrease) in cash and cash equivalents (461) (106)
Cash and cash equivalents at beginning of year 1,798 1,897
Cash and cash equivalents at end of period $ 1,337 $ 1,791