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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows From Operating Activities:    
Net Earnings $ 2,394 $ 1,089
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization, net 155 195
Deferred income taxes (317) (59)
Stock-based compensation 101 113
Impairment charges 68 20
Pension settlements and amortization 83 110
Divestiture gains and royalties (927) (325)
Asset acquisition charges 239 806
Other adjustments (24) 133
Changes in operating assets and liabilities:    
Receivables (852) (267)
Inventories (111) 162
Accounts payable (36) (618)
Deferred income 263 (162)
Income taxes payable (515) 24
Other (496) (524)
Net Cash Provided by Operating Activities 25 697
Cash Flows From Investing Activities:    
Sale and maturities of marketable securities 2,794 1,808
Purchase of marketable securities (1,195) (1,472)
Capital expenditures (503) (301)
Divestiture and other proceeds 1,003 294
Acquisition and other payments (267) (855)
Net Cash Provided by/(Used in) Investing Activities 1,832 (526)
Cash Flows From Financing Activities:    
Short-term borrowings, net 17 167
Issuance of long-term debt   1,268
Repayment of long-term debt   (1,957)
Interest rate swap contract terminations 42 (2)
Issuances of common stock 132 201
Repurchase of common stock (231)  
Dividends (1,276) (1,242)
Net Cash Used in Financing Activities (1,316) (1,565)
Effect of Exchange Rates on Cash and Cash Equivalents 8 22
Increase/(Decrease) in Cash and Cash Equivalents 549 (1,372)
Cash and Cash Equivalents at Beginning of Period 2,385 5,571
Cash and Cash Equivalents at End of Period $ 2,934 $ 4,199