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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income (loss) $ (1,513) $ (1,627) $ 2,135
Adjustments to reconcile net income (loss) to cash provided by operating activities:      
Impairments and other charges 3,764 3,820 2,575
Depreciation and amortization [1] 3,837 4,094 4,078
Pension and other postretirement benefits expense 104 187 438
Stock-based compensation expense 343 267 326
Pension and other postretirement benefits funding (133) (174) (346)
Earnings of equity method investments, less dividends received (56) (60) (125)
Change in assets and liabilities:      
(Increase) decrease in receivables [2] (124) 1,098 2,176
Decrease in inventories [2] 108 800 625
(Increase) decrease in other current assets [2] (174) 308 76
Decrease (increase) in other assets [2] 402 (488) 16
Decrease in accounts payable and accrued liabilities [2] (737) (1,680) (2,656)
Increase (decrease) in estimated liability for taxes on income [2] 104 (110) (699)
(Decrease) increase in other liabilities [2] (28) 77 24
Other [2] (234) (251) 162
NET CASH PROVIDED BY OPERATING ACTIVITIES 5,663 6,261 8,805
Cash flows from investing activities:      
Capital expenditures (2,107) (2,055) (2,410)
SPM investments (1,609) (1,031) (953)
Multiclient seismic data capitalized (276) (630) (486)
Business acquisitions and investments, net of cash acquired (847) (2,398) (443)
Sale (purchase) of investments, net 3,277 5,544 (5,848)
Other (217) (54) (112)
NET CASH USED IN INVESTING ACTIVITIES (1,779) (624) (10,252)
Cash flows from financing activities:      
Dividends paid (2,778) (2,647) (2,419)
Proceeds from employee stock purchase plan 212 231 296
Proceeds from exercise of stock options 85 184 152
Stock repurchase program (969) (778) (2,182)
Proceeds from issuance of long-term debt 2,371 3,640 9,565
Repayment of long-term debt (2,961) (5,630) (3,771)
Net decrease in short-term borrowings (1,022) (387) (3)
Other 29 (41) (264)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (5,033) (5,428) 1,374
Cash flow used in discontinued operations - operating activities     (233)
Net (decrease) increase in cash before translation effect (1,149) 209 (306)
Translation effect on cash 19 (73) (31)
Cash, beginning of period 2,929 2,793 3,130
Cash, end of period $ 1,799 $ 2,929 $ 2,793
[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 and divestitures.