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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Provided by (Used in) Operating Activities    
Net earnings $ 3,488 $ 3,118
Adjustments to reconcile net earnings to operating cash flows:    
Depreciation and amortization 130 106
Deferred income tax provision (benefit) (4) (52)
Earnings from equity investments (166) (533)
Dividends from ABI 108 221
Loss on Cronos-related financial instruments 97 691
Asset impairment and exit costs, net of cash paid (41) (1)
Cash effects of changes:    
Receivables 12 (21)
Inventories 87 96
Accounts payable (47) (175)
Income taxes 1,049 94
Accrued liabilities and other current assets 1,028 80
Accrued settlement charges (1,275) (1,435)
Pension plan contributions (11) (14)
Pension provisions and postretirement, net (38) (18)
Other, net (529) (235)
Net cash provided by (used in) operating activities 4,946 2,392
Cash Provided by (Used in) Investing Activities    
Capital expenditures (106) (79)
Investment in Cronos 0 (1,832)
Other, net 43 (65)
Net cash provided by (used in) investing activities (63) (1,976)
Cash Provided by (Used in) Financing Activities    
Proceeds from short-term borrowings 3,000 0
Repayment of short-term borrowings (3,000) (12,800)
Long-term debt issued 1,993 16,265
Long-term debt repaid (1,000) 0
Repurchases of common stock 0 (346)
Dividends paid on common stock (3,126) (3,001)
Other, net (16) (131)
Net cash provided by (used in) financing activities (2,149) (13)
Cash, cash equivalents and restricted cash:    
Increase (decrease) 2,734 403
Balance at beginning of period 2,160 1,433
Balance at end of period 4,894 1,836
Cash, cash equivalents and restricted cash $ 4,894 $ 1,836