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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities      
Net income including noncontrolling interest $ 4,841 $ 4,998 $ 4,721
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities      
Depreciation and amortization 1,435 1,408 1,371
Company pension and postretirement contributions (267) (215) (482)
Company pension and postretirement expense 556 391 553
Stock-based compensation expense 276 280 240
Deferred income taxes 395 (146) (167)
Excess tax benefits from stock-based compensation (154) (167) (92)
Changes in assets and liabilities      
Accounts receivable (58) (268) (337)
Inventories 3 (113) (86)
Accounts payable 9 75 16
Accrued income taxes (current and long-term) (744) 206 206
Other - net 128 177 (126)
Net cash provided by operating activities 6,420 6,626 5,817
Cash Flows from Investing Activities      
Purchases of property, plant and equipment (PP&E) (1,461) (1,493) (1,665)
Proceeds from sale of PP&E and other assets 33 135 128
Acquisitions, net of cash acquired (2,914) (94)  
Purchases of marketable securities and investments (652) (1,280) (4,040)
Proceeds from maturities and sale of marketable securities and investments 1,952 2,034 4,667
Proceeds from sale of businesses 123   8
Other investing 102 102 46
Net cash used in investing activities (2,817) (596) (856)
Cash Flows from Financing Activities      
Change in short-term debt - net 860 27 (2)
Repayment of debt (maturities greater than 90 days) (800) (1,625) (859)
Proceeds from debt (maturities greater than 90 days) 3,422 2,608 824
Purchases of treasury stock (5,238) (5,652) (5,212)
Proceeds from issuance of treasury stock pursuant to stock option and benefit plans 635 968 1,609
Dividends paid to shareholders (2,561) (2,216) (1,730)
Excess tax benefits from stock-based compensation 154 167 92
Purchase of noncontrolling interest   (861)  
Other - net (120) (19) 32
Net cash used in financing activities (3,648) (6,603) (5,246)
Effect of exchange rate changes on cash and cash equivalents (54) (111) (17)
Net increase (decrease) in cash and cash equivalents (99) (684) (302)
Cash and cash equivalents at beginning of year 1,897 2,581 2,883
Cash and cash equivalents at end of period $ 1,798 $ 1,897 $ 2,581