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Condensed Consolidated Statements of Cash Flows (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows - operating activities:    
Net earnings $ 1,527 $ 1,306
Non-cash items -    
Share-based plans expense 96 130
Depreciation 710 743
Amortization of acquired intangible assets 99 111
Amortization of debt discount/premium and issuance costs 7 10
Investment/asset impairment charges, net 16 20
Customer financing valuation provision (65) 5
Loss on disposal of discontinued operations 4 3
(Gain)/loss on dispositions, net (20) 5
Other charges and credits, net 223 45
Excess tax benefits from share-based payment arrangements (32) (15)
Changes in assets and liabilities -    
Accounts receivable (747) (827)
Inventories, net of advances and progress billings (4,889) (3,425)
Accounts payable 1,134 (129)
Accrued liabilities (268) 266
Advances and billings in excess of related costs 626 (66)
Income taxes receivable, payable and deferred 685 760
Other long-term liabilities 54 255
Pension and other postretirement plans 1,199 705
Customer financing, net 210 279
Other 74 (200)
Net cash provided/(used) by operating activities 643 (19)
Cash flows - investing activities:    
Property, plant and equipment additions (762) (443)
Property, plant and equipment reductions 19 22
Acquisitions, net of cash acquired (16) (24)
Contributions to investments (4,454) (7,101)
Proceeds from investments 5,902 3,557
Reimbursement of Sea Launch guarantee payments   40
Receipt of economic development program funds 69 57
Net cash provided/(used) by investing activities 758 (3,892)
Cash flows - financing activities:    
New borrowings 36 26
Debt repayments (851) (88)
Repayments of distribution rights financing (406) (137)
Stock options exercised, other 80 61
Excess tax benefits from share-based payment arrangements 32 15
Employee taxes on certain share-based payment arrangements (18) (18)
Dividends paid (620) (637)
Net cash used by financing activities (1,747) (778)
Effect of exchange rate changes on cash and cash equivalents 37 (58)
Net decrease in cash and cash equivalents (309) (4,747)
Cash and cash equivalents at beginning of year 5,359 9,215
Cash and cash equivalents at end of period $ 5,050 $ 4,468