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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities:      
Net income (loss) $ 1,066 $ (497) $ 3,695
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation 1,199 1,083 1,131
Amortization of purchased intangibles 94 75 64
Restructuring, impairment and other charges     77
Equity in earnings of affiliated companies (390) (361) (284)
Dividends received from affiliated companies 241 201 85
Deferred tax (benefit) provision (38) 1,796 (308)
Customer incentives and deposits, net 700 100 185
Translated earnings contract loss, net 93 121 448
Unrealized translation loss (gain) on transactions 55 (339) 1
Gain on realignment of equity investment     (2,676)
Changes in certain working capital items:      
Trade accounts receivable (154) (225) (106)
Inventories (346) (170) (68)
Other current assets (20) (172) 18
Accounts payable and other current liabilities 358 169 259
Other, net 61 223 16
Net cash provided by operating activities 2,919 2,004 2,537
Cash Flows from Investing Activities:      
Capital expenditures (2,242) (1,804) (1,130)
Acquisitions of businesses, net of cash received (842) (171) (333)
Proceeds from settlement of initial contingent consideration asset 196    
Proceeds from sale of a business   14  
Cash received on realignment of equity investment     4,818
Purchase of equipment for related party (68)    
Short-term investments – acquisitions     (20)
Short-term investments – liquidations   29 121
Realized gains on translated earnings contracts 108 270 201
Other, net (39) (48) 5
Net cash (used in) provided by investing activities (2,887) (1,710) 3,662
Cash Flows from Financing Activities:      
Net repayments of short-term borrowings and current portion of long-term debt (629) (252) (85)
Proceeds from issuance of long-term debt 1,485 1,445  
Payments from issuance of commercial paper     (481)
Payments of employee withholding tax on stock award (14) (16) (16)
Proceeds from the exercise of stock options 81 309 138
Repurchases of common stock for treasury (2,227) (2,452) (4,227)
Dividends paid (685) (651) (645)
Other, net (6) (7) (6)
Net cash used in financing activities (1,995) (1,624) (5,322)
Effect of exchange rates on cash 1 356 (86)
Net (decrease) increase in cash and cash equivalents (1,962) (974) 791
Cash and cash equivalents at beginning of year 4,317 5,291 4,500
Cash and cash equivalents at end of year $ 2,355 $ 4,317 $ 5,291