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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net income including noncontrolling interests $ 2,527 $ 2,558 $ 2,174
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations:      
Depreciation and amortization 519 511 475
Restructuring and termination benefits, net of cash 18 (7) 91
Stock-based compensation expense 100 109 127
Charge for U.S. tax reform 0 80 275
Deferred income taxes 17 27 108
Voluntary benefit plan contributions (113) (67) (81)
Cash effects of changes in:      
Receivables 19 (79) (15)
Inventories (77) (58) (8)
Accounts payable and other accruals 36 18 (96)
Other non-current assets and liabilities 87 (36) 4
Net cash provided by operations 3,133 3,056 3,054
Investing Activities      
Capital expenditures (335) (436) (553)
Sale of property and non-core product lines 1 1 44
Purchases of marketable securities and investments (184) (169) (347)
Proceeds from sale of marketable securities and investments 131 156 391
Payment for acquisitions, net of cash acquired (1,711) (728) 0
Other (1) 6 (6)
Net cash used in investing activities (2,099) (1,170) (471)
Financing Activities      
Principal payments on debt (6,611) (7,355) (4,808)
Proceeds from issuance of debt 8,059 7,176 4,779
Dividends paid (1,614) (1,591) (1,529)
Purchases of treasury shares (1,202) (1,238) (1,399)
Proceeds from exercise of stock options 498 329 507
Net cash used in financing activities (870) (2,679) (2,450)
Effect of exchange rate changes on Cash and cash equivalents (7) (16) 87
Net (decrease) increase in Cash and cash equivalents 157 (809) 220
Cash and cash equivalents at beginning of year 726 1,535 1,315
Cash and cash equivalents at end of year 883 726 1,535
Supplemental Cash Flow Information      
Income taxes paid 803 847 1,037
Interest paid $ 185 $ 194 $ 150