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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 523 $ 988
Adjustments to reconcile net income to cash provided by operating activities:    
Restructuring and other charges 0 439
Depreciation and amortization [1] 967 1,042
Pension and other postretirement benefits expense 60 114
Stock-based compensation expense 61 80
Pension and other postretirement benefits funding (45) (120)
Earnings of equity method investments, less dividends received (25) (35)
Change in assets and liabilities:    
Decrease in receivables [2] 414 793
Decrease (increase) in inventories [2] 125 (52)
Decrease (increase) in other current assets [2] 85 (97)
Decrease (increase) in other assets [2] 5 (60)
Decrease in accounts payable and accrued liabilities [2] (983) (1,348)
Decrease in estimated liability for taxes on income [2] (104) (66)
Increase (decrease) in other liabilities [2] 2 (57)
Other [2] 125 149
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,210 1,770
Cash flows from investing activities:    
Capital expenditures (549) (606)
SPM investments (597) (109)
Multiclient seismic data capitalized (167) (101)
Business acquisitions and investments, net of cash acquired (81) (44)
Purchase of investments, net (2,093) (307)
Other (26) (70)
NET CASH USED IN INVESTING ACTIVITIES (3,513) (1,237)
Cash flows from financing activities:    
Dividends paid (629) (512)
Proceeds from employee stock purchase plan 116 144
Proceeds from exercise of stock options 47 38
Stock repurchase program (475) (719)
Proceeds from issuance of long-term debt 3,542 1,572
Repayment of long-term debt (500) (1,144)
Net decrease in short-term borrowings (561) (902)
Other 47 (2)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 1,587 (1,525)
Net decrease in cash before translation effect (716) (992)
Translation effect on cash 3 (17)
Cash, beginning of period 2,793 3,130
Cash, end of period $ 2,080 $ 2,121
[1] Includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs and SPM investments.
[2] Net of the effect of business acquisitions.