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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ 758 $ (1,432)
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Impairments and other charges 723 3,144
Depreciation and amortization [1] 2,931 3,078
Pension and other postretirement benefits expense 79 139
Stock-based compensation expense 261 210
Pension and other postretirement benefits funding (107) (127)
Earnings of equity method investments, less dividends received (52) (51)
Change in assets and liabilities:    
(Increase) decrease in receivables [2] (1,049) 851
Decrease in inventories [2] 14 556
(Increase) decrease in other current assets [2] (86) 241
Decrease (increase) in other assets [2] 202 (335)
Decrease in accounts payable and accrued liabilities [2] (533) (1,684)
Increase (decrease) in estimated liability for taxes on income [2] 181 (187)
(Decrease) increase in other liabilities [2] (74) 40
Other [2] 164 (195)
NET CASH PROVIDED BY OPERATING ACTIVITIES 3,412 4,248
Cash flows from investing activities:    
Capital expenditures (1,482) (1,401)
SPM investments (492) (869)
Multiclient seismic data costs capitalized (223) (497)
Business acquisitions and investments, net of cash acquired (382) (2,251)
Sale of investments, net 3,310 4,439
Other (92) (13)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 639 (592)
Cash flows from financing activities:    
Dividends paid (2,086) (1,951)
Proceeds from employee stock purchase plan 212 231
Proceeds from exercise of stock options 49 113
Stock repurchase program (868) (662)
Proceeds from issuance of long-term debt 681 3,586
Repayment of long-term debt (2,206) (4,749)
Net (decrease) increase in short-term borrowings (1,110) 401
Other 17 (8)
NET CASH USED IN FINANCING ACTIVITIES (5,311) (3,039)
Net (decrease) increase in cash before translation effect (1,260) 617
Translation effect on cash 21 31
Cash, beginning of period 2,929 2,793
Cash, end of period $ 1,690 $ 3,441
[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.