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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities    
Net income including noncontrolling interests $ 1,969 $ 1,673
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations:    
Depreciation and amortization 337 329
Restructuring and termination benefits, net of cash 68 69
Pension and Other Postretirement Benefit Contributions 0 (2)
Venezuela remeasurement charges 34 327
Charge For Foreign Tax Matter 0 66
Stock-based compensation expense 104 109
Gain on sale of South Pacific laundry detergent business (187) 0
Deferred income taxes (42) (35)
Cash effects of changes in:    
Receivables (172) (222)
Inventories 1 (51)
Accounts payable and other accruals (18) 100
Other non-current assets and liabilities 14 29
Net cash provided by operations 2,108 2,392
Investing Activities    
Capital expenditures (459) (493)
Purchases of marketable securities and investments (499) (232)
Proceeds from sale of marketable securities and investments 398 277
Proceeds from sale of South Pacific laundry detergent business 221 0
Payments for acquisitions, net of cash acquired (13) (25)
Other 8 18
Net cash used in investing activities (344) (455)
Financing Activities    
Principal payments on debt (6,691) (6,220)
Proceeds from issuance of debt 7,293 6,597
Dividends paid (1,033) (990)
Purchases of treasury shares (1,196) (1,119)
Proceeds from exercise of stock options and excess tax benefits 301 295
Net cash used in financing activities (1,326) (1,437)
Effect of exchange rate changes on Cash and cash equivalents (82) (107)
Net increase in Cash and cash equivalents 356 393
Cash and cash equivalents at beginning of the period 1,089 962
Cash and cash equivalents at end of the period 1,445 1,355
Supplemental Cash Flow Information    
Income taxes paid $ 967 $ 781