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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows - operation activities:    
Net earnings $ 1,219 $ 1,336
Non-cash items –    
Share-based plans expense 51 50
Depreciation and amortization 443 459
Investment/asset impairment charges, net 33 17
Customer financing valuation benefit (2) (2)
Gain on dispositions, net (4) (1)
Other charges and credits, net 84 76
Excess tax benefits from share-based payment arrangements (44) (112)
Changes in assets and liabilities –    
Accounts receivable (1,002) (389)
Inventories, net of advances and progress billings (56) (1,822)
Accounts payable 960 848
Accrued liabilities (467) (900)
Advances and billings in excess of related costs (435) (422)
Income taxes receivable, payable and deferred 273 443
Other long-term liabilities (116) (82)
Pension and other postretirement plans 79 608
Customer financing, net 276 31
Other (61) (50)
Net cash provided by operating activities 1,231 88
Cash flows – investing activities:    
Property, plant and equipment additions (748) $ (574)
Property, plant and equipment reductions 11
Contributions to investments (204) $ (807)
Proceeds from investments 493 1,159
Other 10 8
Net cash used by investing activities (438) (214)
Cash flows – financing activities:    
New borrowings 115 761
Debt repayments (128) (813)
Stock options exercised 42 231
Excess tax benefits from share-based payment arrangements 44 112
Employee taxes on certain share-based payment arrangements (76) (87)
Common shares repurchased (3,501) (2,500)
Dividends paid (717) (639)
Net cash used by financing activities (4,221) (2,935)
Effect of exchange rate changes on cash and cash equivalents 12 (17)
Net decrease in cash and cash equivalents (3,416) (3,078)
Cash and cash equivalents at beginning of year 11,302 11,733
Cash and cash equivalents at end of period $ 7,886 $ 8,655