Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operations
Net income	$ 788	$ 4,722
Adjustments to reconcile income from continuing operations to net cash from operating activities:
Loss (income) from discontinued operations, net of tax	(3)	4
Depreciation and amortization	562	599
Deferred income taxes	(30)	(298)
Stock compensation	77	84
Net periodic pension benefit and OPEB costs	93	90
Net realized gains on the Baxalta Retained Share transactions		(4,387)
Other	69	437
Changes in balance sheet items
Accounts and other current receivables, net	32	22
Inventories		(11)
Accounts payable and accrued liabilities	(36)	(326)
Business optimization and infusion pump payments	(116)	(119)
Other	(93)	121
Cash flows from operations – continuing operations	1,343	938
Cash flows from operations – discontinued operations	(20)	3
Cash flows from operations	1,323	941
Cash flows from investing activities
Capital expenditures	(410)	(519)
Acquisitions and investments, net of cash acquired	(680)	(47)
Divestitures and other investing activities, net	2	17
Cash flows from investing activities – continuing operations	(1,088)	(549)
Cash flows from investing activities – discontinued operations		13
Cash flows from investing activities	(1,088)	(536)
Cash flows from financing activities
Issuances of debt	633	1,641
Payments of obligations		(1,383)
Debt extinguishment costs		(16)
Increase (decrease) in debt with original maturities of three months or less, net		(300)
Cash dividends on common stock	(228)	(197)
Proceeds from stock issued under employee benefit plans	298	251
Purchases of treasury stock	(275)	(45)
Other	(37)	5
Cash flows from financing activities	391	(44)
Effect of foreign exchange rate changes on cash and equivalents	90	23
Increase in cash and equivalents	716	384
Cash and equivalents at beginning of period	2,801	2,213
Cash and equivalents at end of period	$ 3,517	2,597
Supplemental Schedule of Non-Cash Investing and Financing Activities
Net proceeds on the Baxalta Retained Share transactions		4,387
Payment of obligations in exchange for Baxalta Retained Shares		3,646
Exchange of Baxter shares with Baxalta Retained Shares		$ 611