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Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Operating activities    
Net income $ 1,218 $ 1,391
Adjustments to reconcile to net cash provided by operating activities    
Depreciation and amortization 743 740
Deferred income taxes (286) 48
Pension and other postretirement benefits expense 260 286
Contributions to pension plans (333) (303)
Contributions to other postretirement benefits plans (38) (45)
Excess tax benefit from equity-based compensation (20) (24)
Gain on sale of businesses (68) (2)
Changes in working capital (391) (813)
Other - net (151) 135
Net cash provided by operating activities 934 1,413
Investing activities    
Capital expenditures for property, plant and equipment (378) (372)
Sales (purchases) of short-term investments - net 445 (185)
Proceeds from sale of businesses 282 761
Other - net (56) (61)
Net cash provided by investing activities 293 143
Financing activities    
Proceeds from borrowings 0 6
Payments on borrowings (580) (1,012)
Cash dividends paid (700) (597)
Exercise of employee stock options 50 98
Repurchase of shares 267 0
Excess tax benefit from equity-based compensation 20 24
Other - net (3) (4)
Net cash used in financing activities (1,480) (1,485)
Effect of currency on cash (7) (6)
Total (decrease) increase in cash (260) 65
Cash at the beginning of the period 915 577
Cash at the end of the period $ 655 $ 642