XML 65 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities    
Net income $ 613 $ 877
Adjustments to reconcile to net cash provided by operating activities    
Depreciation and amortization 499 490
Deferred income taxes (256) 30
Pension and other postretirement benefits expense 180 179
Contributions to pension plans (304) (244)
Contributions to other postretirement benefits plans (24) (29)
Excess tax benefit from equity-based compensation (20) (22)
Gain on sale of businesses (69) (2)
Changes in working capital 116 (647)
Other - net (90) 77
Net cash provided by operating activities 645 709
Investing activities    
Capital expenditures for property, plant and equipment (236) (251)
Sales of short-term investments - net 162 148
Proceeds from sale of businesses 273 761
Other - net (51) (52)
Net cash provided by (used in) investing activities 148 606
Financing activities    
Proceeds from borrowings 0 28
Payments on borrowings (576) (977)
Cash dividends paid (467) (397)
Exercise of employee stock options 44 78
Repurchase of shares 99 0
Excess tax benefit from equity-based compensation 20 22
Other - net 0 (4)
Net cash (used in) provided by financing activities (1,078) (1,250)
Effect of currency on cash 1 (14)
Total increase (decrease) in cash (284) 51
Cash at the beginning of the period 915 577
Cash at the end of the period $ 631 $ 628