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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating Activities  
Net income including noncontrolling interests$ 1,929$ 1,662
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations:  
Depreciation and amortization315278
Restructuring, net of cash1300
Venezuela hyperinflationary transition charge0271
Gain before tax on sales of non-core product lines(207)0
Voluntary benefit plan contributions(178)(35)
Stock-based compensation expense102101
Deferred income taxes13491
Cash effects of changes in:  
Receivables(127)(56)
Inventories(147)(63)
Accounts payable and other accruals62(95)
Other non-current assets and liabilities4489
Net cash provided by operations2,0572,243
Investing Activities  
Capital expenditures(324)(318)
Sale of property and non-core product lines2413
Purchases of marketable securities and investments(108)(211)
Proceeds from sale of marketable securities and investments17394
Payment for acquisitions, net of cash acquired(972)0
Other(8)(6)
Net cash used in investing activities(998)(438)
Financing Activities  
Principal payments on debt(2,720)(3,469)
Proceeds from issuance of debt4,0743,709
Dividends paid(850)(804)
Purchases of treasury shares(1,386)(1,385)
Proceeds from exercise of stock options and excess tax benefits316204
Net Cash Provided by (Used in) Financing Activities(566)(1,745)
Effect of exchange rate changes on Cash and cash equivalents(38)(6)
Net increase (decrease) in Cash and cash equivalents45554
Cash and Cash Equivalents at beginning of the period490600
Cash and Cash Equivalents at end of the period945654
Supplemental Cash Flow Information  
Income taxes paid$ 769$ 854