XML 17 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net income $ 948 $ 895
Adjustments to reconcile to net cash provided by operating activities    
Depreciation and amortization 453 467
Deferred income taxes (107) (74)
Pension and other postretirement benefits expense 104 116
Contributions to pension plans (160) (74)
Contributions to other postretirement benefits plans (11) (18)
Changes in working capital (376) (256)
Other - net 186 77
Net cash provided by operating activities 1,037 1,133
Investing activities    
Capital expenditures for property, plant and equipment (246) (246)
Cash received from acquisitions of businesses, net of cash acquired 0 1
Sale (purchases) of short-term investments - net (309) 38
Other - net (31) 3
Net cash used in investing activities (586) (204)
Financing activities    
Proceeds from borrowings 832 151
Payments on borrowings (543) (240)
Cash dividends paid (537) (521)
Exercise of employee stock options 49 37
Repurchase of shares (465) (295)
Payments Related to Tax Withholding for Share-based Compensation (21) (17)
Other - net (4) 3
Net cash used in financing activities (689) (882)
Effect of currency on cash 7 8
Total (decrease) increase in cash (231) 55
Cash at the beginning of the period 543 268
Cash at the end of the period $ 312 $ 323