XML 132 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities:      
Net income $ 1,180 $ 1,099 $ 1,116
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation and amortization 50 39 37
Pension, health and life insurance contributions (44) (43) (42)
Pension, health and life insurance benefits expense 36 44 28
Deferred income taxes (42) (11) (15)
Share-based compensation 18 20 16
Excess tax benefits from share-based arrangements (13) (11) (4)
Changes in operating assets and liabilities, net of amounts acquired:      
Accounts and other receivables (7) (8) 1
Inventories (89) (118)  
Accounts payable and accrued liabilities 20 64 (33)
Settlement costs 41 32 91
Income taxes 36 59 (6)
Other current assets 3 5 (10)
Other assets 3 (1) 4
Net cash provided by (used in) operating activities 1,192 1,170 1,183
Cash flows from investing activities:      
Purchase of investments (276)    
Business acquisitions (46) (135) [1]  
Additions to plant and equipment (62) (74) (56)
Sales, maturities and calls of investments 26 0  
Net cash provided by (used in) investing activities (358) (209) (56)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 500 500 750
Dividends paid (823) (807) (723)
Shares repurchased (795) (578) (1,586)
Debt issuance costs (4) (5) (9)
Proceeds from exercise of stock options 9 5 8
Excess tax benefits from share-based arrangements 13 10 4
Net cash provided by (used in) financing activities (1,100) (875) (1,556)
Change in cash and cash equivalents (266) 86 (429)
Cash and cash equivalents, beginning of year 1,720 1,634 2,063
Cash and cash equivalents, end of year 1,454 1,720 1,634
Cash paid for income taxes 712 580 671
Cash paid for interest, net of cash received from interest rate swaps of $24 in 2013, $24 in 2012 and $24 in 2011 $ 164 $ 144 $ 109
[1] $125 million reflected as cash flows used by Parent consists of a loan from Parent to a Non-guarantor Subsidiary.