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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows - operation activities:    
Net earnings $ 5,065 $ 3,264
Non-cash items –    
Share-based plans expense 151 144
Depreciation and amortization 1,487 1,364
Investment/asset impairment charges, net 75 61
Customer financing valuation expense/(benefit) 4 (5)
Loss on dispositions, net 10
Other charges and credits, net 190 219
Changes in assets and liabilities –    
Accounts receivable (1,983) (517)
Inventories, net of advances and progress billings 254 4,334
Accounts payable 778 1,366
Accrued liabilities 112 82
Advances and billings in excess of related costs 2,828 (1,717)
Income taxes receivable, payable and deferred 1,465 (725)
Other long-term liabilities 25 (67)
Pension and other postretirement plans (550) 144
Customer financing, net 635 (195)
Other (96) (95)
Net cash provided by operating activities 10,440 7,667
Cash flows – investing activities:    
Property, plant and equipment additions (1,304) (2,014)
Property, plant and equipment reductions 30 14
Contributions to investments (2,847) (928)
Proceeds from investments 2,612 956
Purchase of distribution rights (131)  
Other 4 8
Net cash used by investing activities (1,636) (1,964)
Cash flows – financing activities:    
New borrowings 876 1,323
Debt repayments (83) (836)
Repayments of distribution rights and other asset financing (24)
Stock options exercised 291 192
Employee taxes on certain share-based payment arrangements (118) (83)
Common shares repurchased (7,500) (6,501)
Dividends paid (2,575) (2,084)
Net cash used by financing activities (9,109) (8,013)
Effect of exchange rate changes on cash and cash equivalents 73 (6)
Net decrease in cash and cash equivalents (232) (2,316)
Cash and cash equivalents at beginning of year 8,801 11,302
Cash and cash equivalents at end of period $ 8,569 $ 8,986