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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows - operation activities:    
Net earnings $ 2,446 $ 2,618
Non-cash items –    
Share-based plans expense 94 101
Depreciation and amortization 912 900
Asset Impairment Charges 74 36
Customer financing valuation benefit (5) (26)
Gain on dispositions, net (1) (2)
Other charges and credits, net 140 87
Excess tax benefits from share-based payment arrangements (124) (97)
Changes in assets and liabilities –    
Accounts receivable (313) (1,286)
Inventories, net of advances and progress billings (2,395) (3,402)
Accounts payable 888 1,783
Accrued liabilities (177) (913)
Advances and billings in excess of related costs 195 1,217
Income taxes receivable, payable and deferred 482 394
Other long-term liabilities (17) (88)
Pension and other postretirement plans 1,244 1,118
Customer financing, net 19 466
Other (77) 15
Net cash provided by operating activities 3,385 2,921
Cash flows – investing activities:    
Property, plant and equipment additions (1,266) (946)
Property, plant and equipment reductions 20 17
Payments to Acquire Businesses, Net of Cash Acquired (23) (163)
Contributions to investments (1,205) (5,657)
Proceeds from investments 2,040 $ 8,030
Other 22  
Net cash (used)/provided by investing activities (412) $ 1,281
Cash flows – financing activities:    
New borrowings 761 85
Debt repayments $ (846) (854)
Repayments of Other Debt   (184)
Stock options exercised $ 276 261
Excess tax benefits from share-based payment arrangements 124 97
Employee taxes on certain share-based payment arrangements (90) (88)
Common shares repurchased (4,501) (3,998)
Dividends paid $ (1,264) (1,071)
Other   (12)
Net cash used by financing activities $ (5,540) (5,764)
Effect of exchange rate changes on cash and cash equivalents (9) 7
Net decrease in cash and cash equivalents (2,576) (1,555)
Cash and cash equivalents at beginning of year 11,733 9,088
Cash and cash equivalents at end of period $ 9,157 $ 7,533