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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net income including noncontrolling interests $ 611 $ 574
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations:    
Depreciation and amortization 109 106
Restructuring and termination benefits, net of cash (9) 6
Stock-based compensation expense 35 31
Deferred income taxes (51) (36)
Voluntary benefit plan contributions (57) (50)
Cash effects of changes in:    
Receivables (52) (95)
Inventories 9 (32)
Accounts payable and other accruals 98 80
Other non-current assets and liabilities (2) 30
Net cash provided by operations 691 614
Investing Activities    
Capital expenditures (121) (114)
Purchases of marketable securities and investments (85) (80)
Proceeds from sale of marketable securities and investments 48 50
Other 0 0
Net cash used in investing activities (158) (144)
Financing Activities    
Principal payments on debt (805) (2,388)
Proceeds from issuance of debt 738 2,370
Dividends paid (345) (340)
Purchases of treasury shares (333) (229)
Proceeds from exercise of stock options 225 146
Net cash used in financing activities (520) (441)
Effect of exchange rate changes on Cash and cash equivalents 19 15
Net increase (decrease) in Cash and cash equivalents 32 44
Cash and cash equivalents at beginning of the period 1,315 970
Cash and cash equivalents at end of the period 1,347 1,014
Supplemental Cash Flow Information    
Income taxes paid $ 186 $ 217