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Consolidated Statement of Cash Flows (Unaudited) (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
OPERATING ACTIVITIES    
Net income $ 747 $ 557
Adjustments for noncash and nonoperating items:    
Depreciation 1,488 1,492
Amortization 14 127
Loss from equity investments, net of cash distributions 65 48
Deferred income taxes 391 193
Equity-based compensation expense 65 61
Excess tax benefit from equity-based compensation (41) (13)
Changes in operating assets and liabilities, net of acquisitions and dispositions:    
Receivables 39 2
Accounts payable and other liabilities 30 109
Other changes 282 116
Cash provided by operating activities 3,080 2,692
INVESTING ACTIVITIES    
Acquisitions and investments, net of cash acquired and distributions received (303) 9
Capital expenditures (1,363) (1,472)
Other investing activities 18 6
Cash used by investing activities (1,648) (1,457)
FINANCING ACTIVITIES    
Borrowings (repayments), net 0 [1] (1,261) [1]
Borrowings 1,009 [2] 0 [2]
Repayments (44) [2] 0 [2]
Debt issuance costs (8) 0
Proceeds from exercise of stock options 98 74
Excess tax benefit from equity-based compensation 41 13
Dividends paid (330) (288)
Repurchases of common stock (1,691) 0
Other financing activities (44) (7)
Cash used by financing activities (969) (1,469)
Increase (decrease) in cash and equivalents 463 (234)
Cash and equivalents at beginning of period 3,047 1,048
Cash and equivalents at end of period $ 3,510 $ 814
[1] Borrowings (repayments), net, reflects borrowings under the Company's commercial paper program with original maturities of three months or less, net of repayments of such borrowings.
[2] Amounts represent borrowings and repayments related to debt instruments with original maturities greater than three months.