XML 26 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows From Operating Activities:      
Net Earnings $ 1,631 $ 2,029 $ 2,580
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Net earnings attributable to noncontrolling interest (66) (25) (17)
Depreciation and amortization, net 376 467 763
Deferred income taxes (347) (542) (491)
Stock-based compensation 235 213 191
Impairment charges 192 401 40
Pension settlements and amortization 245 971 294
Other adjustments 594 (567) (9)
Changes in operating assets and liabilities:      
Receivables (942) (252) (504)
Inventories 97 (254) (45)
Accounts payable (919) (44) 412
Deferred income 218 613 965
Income taxes payable 47 171 126
Other 471 (33) (760)
Net Cash Provided by Operating Activities 1,832 3,148 3,545
Cash Flows From Investing Activities:      
Sale and maturities of marketable securities 2,794 4,095 1,815
Purchase of marketable securities (3,143) (5,719) (1,859)
Capital expenditures (820) (526) (537)
Divestiture and other proceeds 708 3,585 9
Acquisition and other payments (1,111) (219)  
Net Cash Provided by/(Used in) Investing Activities (1,572) 1,216 (572)
Cash Flows From Financing Activities:      
Short-term borrowings, net (449) 244 198
Issuance of long-term debt 1,268   1,489
Repayment of long-term debt (1,957) (676) (597)
Interest rate swap contract terminations (2) 105 20
Issuance of common stock 266 288 564
Repurchase of common stock     (433)
Dividends (2,477) (2,398) (2,309)
Net Cash Used in Financing Activities (3,351) (2,437) (1,068)
Effect of Exchange Rates on Cash and Cash Equivalents (95) 58 25
Increase/(Decrease) in Cash and Cash Equivalents (3,186) 1,985 1,930
Cash and Cash Equivalents at Beginning of Year 5,571 3,586 1,656
Cash and Cash Equivalents at End of Year $ 2,385 $ 5,571 $ 3,586