XML 28 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net earnings $ 1,990 $ 2,069 $ 1,952
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation and amortization 467 462 495
Stock-based compensation 99 134 144
Excess tax benefits from stock-based compensation (103) (81) (43)
Deferred income taxes 572 216 128
Changes in assets and liabilities:      
Accounts receivable, net (30) (105) 171
Inventoried costs, net (80) (24) 101
Prepaid expenses and other assets 43 13 (51)
Accounts payable and other liabilities (632) (89) (169)
Income taxes payable 135 84 2
Retiree benefits (263) (17) (281)
Other, net (36) (69) 34
Net cash provided by operating activities 2,162 2,593 2,483
Investing activities      
Capital expenditures (471) (561) (364)
Other investing activities, net 40 (84) 18
Net cash used in investing activities (431) (645) (346)
Financing activities      
Common stock repurchases (3,182) (2,668) (2,371)
Net proceeds from issuance of long-term debt 600 0 2,841
Cash dividends paid (603) (563) (545)
Payments of long-term debt 0 0 (877)
Other financing activities, net (90) (4) 103
Net cash used in financing activities (3,275) (3,235) (849)
(Decrease) increase in cash and cash equivalents (1,544) (1,287) 1,288
Cash and cash equivalents, beginning of year 3,863 5,150 3,862
Cash and cash equivalents, end of year $ 2,319 $ 3,863 $ 5,150