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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities      
Net income including noncontrolling interests $ 2,174 $ 2,586 $ 1,548
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations:      
Depreciation and amortization 475 443 449
Restructuring and termination benefits, net of cash 91 (9) 69
Venezuela remeasurement charges 0 0 34
Stock-based compensation expense 127 123 125
Gain on sale of land in Mexico 0 (97) 0
Gain on sale of South Pacific laundry detergent business 0 0 (187)
Charge for Venezuela accounting change 0 0 1,084
Charge for U.S. tax reform 275 0 0
Deferred income taxes 108 56 (51)
Voluntary benefit plan contributions (81) (53) 0
Cash effects of changes in:      
Receivables (15) (17) (75)
Inventories (8) (4) (13)
Accounts payable and other accruals (96) 100 (67)
Other non-current assets and liabilities 4 13 33
Net cash provided by operations 3,054 3,141 2,949
Investing Activities      
Capital expenditures (553) (593) (691)
Sale of property and non-core product lines 44 0 9
Purchases of marketable securities and investments (347) (336) (742)
Proceeds from sale of marketable securities and investments 391 378 599
Proceeds from sale of land in Mexico 0 60 0
Proceeds from sale of South Pacific laundry detergent business 0 0 221
Payment for acquisitions, net of cash acquired 0 (5) (13)
Reduction in cash due to Venezuela accounting change 0 0 (75)
Other (6) (3) 7
Net cash used in investing activities (471) (499) (685)
Financing Activities      
Principal payments on debt (4,808) (7,274) (9,181)
Proceeds from issuance of debt 4,779 7,438 9,602
Dividends paid (1,529) (1,508) (1,493)
Purchases of treasury shares (1,399) (1,335) (1,551)
Proceeds from exercise of stock options 507 446 347
Net cash used in financing activities (2,450) (2,233) (2,276)
Effect of exchange rate changes on Cash and cash equivalents 87 (64) (107)
Net (decrease) increase in Cash and cash equivalents 220 345 (119)
Cash and cash equivalents at beginning of year 1,315 970 1,089
Cash and cash equivalents at end of year 1,535 1,315 970
Supplemental Cash Flow Information      
Income taxes paid 1,037 932 1,259
Interest paid $ 150 $ 162 $ 131