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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities      
Net Income $ 2,938 $ 2,225 $ 2,022
Loss from discontinued operations 0 3 3
Income from continuing operations 2,938 2,228 2,025
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,267 2,033 1,758
Change in deferred income taxes (379) (1,098) (620)
Non-cash stock-based compensation 181 159 133
Other non-cash expenses, net 106 190 142
Changes in assets and liabilities, excluding the effects of acquisitions:      
Accounts receivable (366) (362) (352)
Inventories (324) (81) 98
Other assets 54 (153) (153)
Accounts payable 201 274 56
Other liabilities (42) 1,016 216
Contributions to retirement plans (93) (200) (43)
Net cash provided by continuing operations 4,543 4,006 3,260
Net cash used in discontinued operations 0 (1) (2)
Net cash provided by operating activities 4,543 4,005 3,258
Investing Activities      
Acquisitions, net of cash acquired (536) (7,226) (5,178)
Purchase of property, plant and equipment (758) (508) (444)
Proceeds from sale of property, plant and equipment 50 7 26
Other investing activities, net (9) (2) 76
Net cash used in investing activities (1,253) (7,729) (5,520)
Financing Activities      
Net proceeds from issuance of debt 690 6,459 7,604
Repayment of debt (2,052) (3,299) (4,334)
Proceeds from issuance of commercial paper 5,060 8,380 9,182
Repayments of commercial paper (5,254) (8,514) (8,278)
Purchases of company common stock (500) (750) (1,250)
Dividends paid (266) (237) (238)
Net proceeds from issuance of company common stock 0 1,690 0
Net proceeds from issuance of company common stock under employee stock plans 136 128 87
Other financing activities (51) (3) (14)
Net cash (used in) provided by financing activities (2,237) 3,854 2,759
Exchange Rate Effect on Cash (297) 420 (152)
Increase in Cash, Cash Equivalents and Restricted Cash 756 550 345
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 1,361 811 466
Cash, Cash Equivalents and Restricted Cash at End of Period $ 2,117 $ 1,361 $ 811