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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income (loss) $ (1,432) $ 3,125
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Impairments and other charges 3,144 439
Depreciation and amortization [1] 3,078 3,115
Stock-based compensation expense 210 250
Pension and other postretirement benefits expense 139 326
Pension and other postretirement benefits funding (127) (292)
Earnings of equity method investments, less dividends received (51) (83)
Change in assets and liabilities:    
Decrease in receivables [2] 851 1,848
Decrease in inventories [2] 556 445
Decrease in other current assets [2] 241 93
Increase in other assets [2] (335) (9)
Decrease in accounts payable and accrued liabilities [2] (1,684) (2,426)
Decrease in estimated liability for taxes on income [2] (187) (469)
Increase (decrease) in other liabilities [2] 40 (21)
Other [2] (195) 286
NET CASH PROVIDED BY OPERATING ACTIVITIES 4,248 6,627
Cash flows from investing activities:    
Capital expenditures (1,401) (1,783)
SPM investments (869) (350)
Multiclient seismic data costs capitalized (497) (336)
Business acquisitions and investments, net of cash acquired (2,251) (289)
Sale of investments, net 4,439 939
Other (13) (207)
NET CASH USED IN INVESTING ACTIVITIES (592) (2,026)
Cash flows from financing activities:    
Dividends paid (1,951) (1,786)
Proceeds from employee stock purchase plan 231 296
Proceeds from exercise of stock options 113 127
Stock repurchase program (662) (1,784)
Proceeds from issuance of long-term debt 3,586 1,714
Repayment of long-term debt (4,749) (2,815)
Net increase (decrease) in short-term borrowings 401 (41)
Other (8) (14)
NET CASH USED IN FINANCING ACTIVITIES (3,039) (4,303)
CASH FLOWS USED IN DISCONTINUED OPERATIONS - OPERATING ACTIVITIES   (233)
Net increase in cash before translation effect 617 65
Translation effect on cash 31 (23)
Cash, beginning of period 2,793 3,130
Cash, end of period $ 3,441 $ 3,172
[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.