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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities      
Net income including noncontrolling interests $ 2,558 $ 2,174 $ 2,586
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations:      
Depreciation and amortization 511 475 443
Restructuring and termination benefits, net of cash (7) 91 (9)
Stock-based compensation expense 109 127 123
Gain on sale of land in Mexico 0 0 (97)
Charge for U.S. tax reform 80 275 0
Deferred income taxes 27 108 56
Voluntary benefit plan contributions (67) (81) (53)
Cash effects of changes in:      
Receivables (79) (15) (17)
Inventories (58) (8) (4)
Accounts payable and other accruals 18 (96) 100
Other non-current assets and liabilities (36) 4 13
Net cash provided by operations 3,056 3,054 3,141
Investing Activities      
Capital expenditures (436) (553) (593)
Sale of property and non-core product lines 1 44 0
Purchases of marketable securities and investments (169) (347) (336)
Proceeds from sale of marketable securities and investments 156 391 378
Proceeds from sale of land in Mexico 0 0 60
Payment for acquisitions, net of cash acquired (728) 0 (5)
Other 6 (6) (3)
Net cash used in investing activities (1,170) (471) (499)
Financing Activities      
Principal payments on debt (7,355) (4,808) (7,274)
Proceeds from issuance of debt 7,176 4,779 7,438
Dividends paid (1,591) (1,529) (1,508)
Purchases of treasury shares (1,238) (1,399) (1,335)
Proceeds from exercise of stock options 329 507 446
Net cash used in financing activities (2,679) (2,450) (2,233)
Effect of exchange rate changes on Cash and cash equivalents (16) 87 (64)
Net (decrease) increase in Cash and cash equivalents (809) 220 345
Cash and cash equivalents at beginning of year 1,535 1,315 970
Cash and cash equivalents at end of year 726 1,535 1,315
Supplemental Cash Flow Information      
Income taxes paid 847 1,037 932
Interest paid $ 194 $ 150 $ 162