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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows - operation activities:    
Net earnings $ 3,264 $ 4,150
Non-cash items –    
Share-based plans expense 144 141
Depreciation and amortization 1,364 1,349
Investment/asset impairment charges, net 61 124
Customer financing valuation benefit (5) (3)
Loss on dispositions, net 10
Other charges and credits, net 219 230
Excess tax benefits from share-based payment arrangements (139)
Changes in assets and liabilities –    
Accounts receivable (517) (1,202)
Inventories, net of advances and progress billings 4,334 (2,186)
Accounts payable 1,366 1,058
Accrued liabilities 82 (196)
Advances and billings in excess of related costs (1,717) 270
Income taxes receivable, payable and deferred (725) 824
Other long-term liabilities (67) 40
Pension and other postretirement plans 144 1,837
Customer financing, net (195) 45
Other (95) (98)
Net cash provided by operating activities 7,667 6,244
Cash flows – investing activities:    
Property, plant and equipment additions (2,014) (1,827)
Property, plant and equipment reductions 14 24
Acquisitions, net of cash acquired (23)
Contributions to investments (928) (1,341)
Proceeds from investments 956 2,169
Other 8 33
Net cash used by investing activities (1,964) (965)
Cash flows – financing activities:    
New borrowings 1,323 761
Debt repayments (836) (864)
Stock options exercised 192 331
Excess tax benefits from share-based payment arrangements 139
Employee taxes on certain share-based payment arrangements (83) (93)
Common shares repurchased (6,501) (6,001)
Dividends paid (2,084) (1,882)
Proceeds from (Payments for) Other Financing Activities (24)
Net cash used by financing activities (8,013) (7,609)
Effect of exchange rate changes on cash and cash equivalents (6) (20)
Net decrease in cash and cash equivalents (2,316) (2,350)
Cash and cash equivalents at beginning of year 11,302 11,733
Cash and cash equivalents at end of period $ 8,986 $ 9,383