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Condensed Consolidated Statement of Cash Flows Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Cash flows - operation activities:          
Net earnings $ 2,363 $ 1,810 $ 7,036 $ 5,138  
Non-cash items -          
Share-based plans expense     150 151  
Depreciation and amortization     1,531 1,470  
Asset Impairment Charges     63 75  
Customer financing valuation (benefit)/expense     (3) 4  
Gain on dispositions, net 69 76  
Other charges and credits, net     (158) (196)  
Changes in assets and liabilities -          
Accounts receivable     (10) 558  
Unbilled receivables     1,732 1,805  
Advances and progress billings     3,457 4,714  
Inventories     173 800  
Other current assets     5 337  
Accounts payable     1,181 780  
Accrued liabilities     890 (102)  
Income taxes receivable, payable and deferred     (252) 1,507  
Other long-term liabilities     1 25  
Pension and other postretirement plans     (89) (550)  
Customer financing, net     (175) 634  
Other     (403) 99  
Net cash provided by operating activities     12,375 10,443  
Cash flows - investing activities:          
Payments to Acquire Property, Plant, and Equipment     1,227 1,304  
Property, plant and equipment reductions     117 30  
Acquisitions, net of cash acquired     250  
Contributions to investments     2,145 2,815  
Proceeds from investments     1,369 2,612  
Purchase of distribution rights     (56) (131)  
Other     (5) 7  
Net cash provided/(used) by investing activities     (2,197) (1,601)  
Cash flows - financing activities:          
New borrowings     4,696 876  
Debt repayments     4,029 83  
Contributions from noncontrolling interests     35  
Stock options exercised     70 291  
Employee taxes on certain share-based payment arrangements     247 118  
Common shares repurchased     8,415 7,500  
Dividends paid     2,976 2,575  
Net cash used by financing activities     (10,866) (9,109)  
Effect of exchange rate changes on cash and cash equivalents, including restricted     (37) 73  
Net decrease in cash & cash equivalents, including restricted     (725) (194)  
Cash & cash equivalents, including restricted, at beginning of year     8,887 8,869 $ 8,869
Cash & cash equivalents, including restricted, at end of period 8,162 8,675 8,162 8,675 8,887
Restricted Cash and Cash Equivalents [1] (128) (106) (128) (106) (74)
Cash and cash equivalents at end of period $ 8,034 $ 8,569 $ 8,034 $ 8,569 $ 8,813
[1] Reflects amounts restricted in support of our workers’ compensation programs, employee benefit programs, and insurance premiums.