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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Provided by (Used in) Operating Activities      
Net earnings $ 6,967 $ 10,227 $ 14,244
Adjustments to reconcile net earnings to operating cash flows:      
Depreciation and amortization 227 209 204
Deferred income tax (benefit) provision (57) (3,126) 3,119
Earnings from equity investment in AB InBev/SABMiller (890) (532) (795)
Loss (gain) on AB InBev/SABMiller business combination 33 (445) (13,865)
Dividends from AB InBev/SABMiller 657 806 739
Asset impairment and exit costs, net of cash paid 354 (38) 106
Loss on early extinguishment of debt 0 0 823
Cash effects of changes:      
Receivables 0 10 (27)
Inventories (129) (171) (34)
Accounts payable 27 (55) 24
Income taxes 218 (294) (231)
Accrued liabilities and other current assets (21) (85) (113)
Accrued settlement charges 980 (1,259) 111
Pension and postretirement plans contributions (41) (294) (531)
Pension provisions and postretirement, net (13) (11) (73)
Other, net 79 (41) 125
Net cash provided by operating activities 8,391 4,901 3,826
Cash Provided by (Used in) Investing Activities      
Capital expenditures (238) (199) (189)
Acquisitions of businesses and assets (15) (415) (45)
Investment in JUUL (12,800) 0 0
Proceeds from finance assets 37 133 231
Proceeds from AB InBev/SABMiller business combination 0 0 4,773
Purchase of AB InBev ordinary shares 0 0 (1,578)
Proceeds from derivative financial instruments 35 0 510
Other, net (7) 14 6
Net cash (used in) provided by investing activities (12,988) (467) 3,708
Cash Provided by (Used in) Financing Activities      
Proceeds from short-term borrowings 12,800 0 0
Long-term debt issued 0 0 1,976
Long-term debt repaid (864) 0 (933)
Repurchases of common stock (1,673) (2,917) (1,030)
Dividends paid on common stock (5,415) (4,807) (4,512)
Premiums and fees related to early extinguishment of debt 0 0 (809)
Other, net (132) (47) (21)
Net cash used in financing activities 4,716 (7,771) (5,329)
Cash, cash equivalents and restricted cash:      
Increase (decrease) 119 (3,337) 2,205
Balance at beginning of year 1,314 4,651 2,446
Balance at end of year 1,433 1,314 4,651
Cash paid: Interest 704 696 775
Cash Paid: Income taxes 2,307 3,036 4,664
Cash, cash equivalents and restricted cash $ 1,314 $ 4,651 $ 2,446