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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income $ 6,774 $ 5,519 $ 5,007
Less: (Income) loss from discontinued operations 69 (260) (481)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 3,666 [1] 3,500 [1] 3,274 [1]
Gain on formation of OneSubsea (1,028)    
Earnings of companies carried at equity, less dividends received (71) (61) (64)
Deferred income taxes (105) (76) (26)
Stock-based compensation expense 315 335 272
Pension and other postretirement benefits expense 518 403 365
Impairment of equity investments 364    
Other non-cash items 371 97 203
Pension and other postretirement benefits funding (538) (673) (601)
Change in operating assets and liabilities:      
Increase in receivables (858) [2] (2,087) [2] (1,402) [2]
Decrease (increase) in inventories 188 [2] (645) [2] (863) [2]
Decrease (increase) in other current assets 17 [2] (350) [2] (58) [2]
Increase in other assets (767) [2] (253) [2] (74) [2]
Increase in accounts payable and accrued liabilities 654 [2] 876 [2] 639 [2]
Increase (decrease) in estimated liability for taxes on income 34 [2] 125 [2] (549) [2]
Increase in other liabilities 60 [2] 1 [2] 169 [2]
Other 125 [2] 92 [2] 69 [2]
NET CASH PROVIDED BY OPERATING ACTIVITIES 9,788 6,543 5,880
Cash flows from investing activities:      
Capital expenditures (3,943) (4,694) (4,004)
Multiclient seismic data capitalized (394) (351) (289)
Payment for OneSubsea transaction (600)    
Other business acquisitions and investments, net of cash acquired (610) (845) (186)
(Purchase) sale of investments, net (648) (1,228) 351
Other 218 (55) 230
NET CASH USED IN INVESTING ACTIVITIES (5,977) (7,173) (3,898)
Cash flows from financing activities:      
Dividends paid (1,608) (1,432) (1,300)
Proceeds from employee stock purchase plan 270 247 208
Proceeds from exercise of stock options 267 163 230
Stock repurchase program (2,596) (972) (2,998)
Proceeds from issuance of long-term debt 4,554 2,832 6,884
Repayment of long-term debt (3,141) (1,817) (4,992)
Net increase (decrease) in short-term borrowings 37 621 (119)
Other 18 19 (613)
NET CASH USED IN FINANCING ACTIVITIES (2,199) (339) (2,700)
Cash flow from discontinued operations - operating activities (2) 145 289
Cash flow from discontinued operations - investing activities (28) 1,011 373
Cash flow from discontinued operations (30) 1,156 662
Net increase (decrease) in cash before translation effect 1,582 187 (56)
Translation effect on cash (15) 13 (3)
Cash, beginning of year 1,905 1,705 1,764
Cash, end of year $ 3,472 $ 1,905 $ 1,705
[1] Includes multiclient seismic data costs.
[2] Net of the effect of business acquisitions and divestitures.