XML 40 R5.htm IDEA: XBRL DOCUMENT v3.19.3
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net earnings $ 735 $ 1,049
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 462 451
Gain from property insurance 0 (65)
Provision for deferred income taxes 13 15
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
(Increase) decrease in trade receivables (50) (229)
(Increase) decrease in inventories (122) (261)
Increase (decrease) in trade payables (183) 7
Pension and other postretirement contributions (in excess of) less than expenses (97) (112)
Variable compensation (in excess of) less than expenses (15) 23
Other items, net 90 (75)
Net cash provided by operating activities 833 803
Investing activities    
Additions to properties and equipment (308) (381)
Proceeds from property insurance 0 65
Acquisitions, net of cash acquired (48) 0
Other items, net (4) 1
Net cash used in investing activities (360) (315)
Financing activities    
Net increase (decrease) in commercial paper and other borrowings 149 339
Proceeds from borrowings 335 490
Repayment of borrowings (385) (693)
Dividends paid to stockholders (258) (240)
Treasury stock purchases (325) (375)
Other items, net (3) (3)
Net cash used in financing activities (487) (482)
Effect of exchange rate changes on cash and cash equivalents (5) (4)
Net change in cash and cash equivalents (19) 2
Cash and cash equivalents at beginning of period 226 191
Cash and cash equivalents at end of period $ 207 $ 193