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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash Flows from Operating Activities:    
Net income $ 1,132 [1] $ 948 [1]
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 490 473
Amortization of purchased intangibles 15 9
Stock compensation charges 25 40
Undistributed earnings of affiliated companies (in excess of) less than dividends received (157) 44
Deferred tax provision 119 35
Restructuring payments (24) (1)
Employee benefit payments less than (in excess of) expense 26 (71)
Unrealized gains on translated earnings contracts (232)  
Changes in certain working capital items:    
Trade accounts receivable (56) (68)
Inventories (211) (35)
Other current assets 3 (54)
Accounts payable and other current liabilities (241) (45)
Other, net 129 57
Net cash provided by operating activities 1,018 1,332
Cash Flows from Investing Activities:    
Capital expenditures (438) (853)
Acquisitions of business, net of cash received (106)  
Investment in affiliates   (111)
Short-term investments – acquisitions (737) (1,168)
Short-term investments – liquidations 1,020 989
Premium on purchased collars (107)  
Other, net 18 4
Net cash used in investing activities (350) (1,139)
Cash Flows from Financing Activities:    
Retirement of long-term debt (498)  
Net repayments of short-term borrowings and current portion of long-term debt (11) (13)
Principal payments under capital lease obligations (2) (1)
Proceeds from issuance of long-term debt, net   886
Payments to settle interest rate hedges   (18)
Proceeds from the exercise of stock options 39 19
Repurchases of common stock for treasury (232) (386)
Dividends paid (280) (227)
Net cash (used in) provided by financing activities (984) 260
Effect of exchange rates on cash (71) (106)
Net (decrease) increase in cash and cash equivalents (387) 347
Cash and cash equivalents at beginning of period 4,988 4,661
Cash and cash equivalents at end of period $ 4,601 $ 5,008
[1] As revised for the change in our method of recognizing pension expense. See Note 1 of Notes to Consolidated Financial Statements for a discussion of the change and the impacts of the change for the three and six months ended June 30, 2012.