Consolidated Statement of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash Flows from Operating Activities
Net income including noncontrolling interest	$ 2,581	$ 2,024
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities
Depreciation and amortization	932	751
Company pension and postretirement contributions	(77)	(88)
Company pension and postretirement expense	197	176
Stock-based compensation expense	172	182
Gain on sale of businesses	(389)	(5)
Deferred income taxes	41	(74)
Loss on deconsolidation of Venezuelan subsidiary		162
Changes in assets and liabilities
Accounts receivable	241	(258)
Inventories	(198)	75
Accounts payable	(269)	(173)
Accrued income taxes (current and long-term)	273	(163)
Other - net	(386)	101
Net cash provided by (used in) operating activities	3,118	2,710
Cash Flows from Investing Activities
Purchases of property, plant and equipment (PP&E)	(711)	(812)
Proceeds from sale of PP&E and other assets	16	3
Acquisitions, net of cash acquired	(25)	(704)
Purchases of marketable securities and investments	(634)	(751)
Proceeds from maturities and sale of marketable securities and investments	976	1,005
Proceeds from sale of businesses, net of cash sold	573	6
Other - net	7	18
Net cash provided by (used in) investing activities	202	(1,235)
Cash Flows from Financing Activities
Change in short-term debt - net	(132)	(441)
Repayment of debt (maturities greater than 90 days)	(1,146)	(871)
Proceeds from debt (maturities greater than 90 days)	1,745	2,265
Purchases of treasury stock	(366)	(1,101)
Proceeds from issuance of treasury stock pursuant to stock option and benefit plans	236	365
Dividends paid to shareholders	(1,693)	(1,660)
Other - net	(45)	(34)
Net cash provided by (used in) financing activities	(1,401)	(1,477)
Effect of exchange rate changes on cash and cash equivalents	(53)	(2)
Net increase (decrease) in cash and cash equivalents	1,866	(4)
Cash and cash equivalents at beginning of year	2,353	2,853
Cash and cash equivalents at end of period	$ 4,219	$ 2,849