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Condensed Statements of Consolidated Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
OPERATING ACTIVITIES    
Net income $ 733,144 $ 636,438
Adjustments to reconcile net income to net operating cash:    
Depreciation 125,761 117,693
Amortization of intangible assets 22,611 21,473
Stock-based compensation expense 43,813 35,948
Provisions for qualified exit costs 10,229 848
Provisions for environmental-related matters 11,034 2,353
Defined benefit pension plans net cost 5,440 14,963
Net increase in postretirement liability 4,455 2,700
Other 1,214 4,302
Change in working capital accounts - net (58,866) (52,193)
Costs incurred for environmental-related matters (7,018) (9,736)
Costs incurred for qualified exit costs (8,726) (6,451)
Other (1,781) 9,573
Net operating cash 881,310 777,911
INVESTING ACTIVITIES    
Capital expenditures (135,903) (108,500)
Acquisitions of businesses, net of cash acquired   (92,780)
Proceeds from sale of assets 1,037 3,298
Increase in other investments (30,677) (55,872)
Net investing cash (165,543) (253,854)
FINANCING ACTIVITIES    
Net (decrease) increase in short-term borrowings (35,947) 228,241
Payments of long-term debt (290) (1,140)
Payments of cash dividends (162,178) (154,352)
Proceeds from stock options exercised 73,192 48,973
Income tax effect of stock-based compensation exercises and vesting 56,197 41,219
Treasury stock purchased (1,094,070) (492,022)
Other (23,397) (18,443)
Net financing cash (1,186,493) (347,524)
Effect of exchange rate changes on cash (12,817) (3,410)
Net (decrease) increase in cash and cash equivalents (483,543) 173,123
Cash and cash equivalents at beginning of year 744,889 862,590
Cash and cash equivalents at end of period 261,346 1,035,713
Income taxes paid 173,430 161,416
Interest paid $ 44,055 $ 39,639