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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities      
Net Income $ 4,404 $ 7,783 $ 3,839
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,862 2,521 2,747
Provision (Credit) for deferred income tax (1,259) 305 466
Earnings of nonconsolidated affiliates less than dividends received 243 142 121
Pension contributions (629) (844) (815)
Net gain on sales of investments (116) (95) (76)
Net gain on sales of property, businesses and consolidated companies (88) (3,811) (45)
Net (gain) loss on sales of ownership interests in nonconsolidated affiliates (10) (749) 1
Net gain on step acquisition of a nonconsolidated affiliate (2,445) (361) 0
Goodwill and other intangible asset impairment losses 0 0 50
Assets impairments and related costs 143 144 23
Restructuring charges (credits) 452 415 (3)
Loss on early extinguishment of debt 0 8 0
Asbestos-related charge 1,113 [1] 0 78 [1]
Excess tax benefits from share-based payment arrangements (57) (41) (42)
Other net loss 113 172 70
Changes in assets and liabilities, net of effects of acquired and divested companies:      
Accounts and notes receivable (1,539) (84) (884)
Proceeds from interests in trade accounts receivable conduits 1,257 1,034 1,079
Inventories 610 780 224
Accounts payable 458 (681) (79)
Other assets and liabilities (34) 878 (252)
Cash provided by operating activities 5,478 7,516 6,502
Investing Activities      
Capital expenditures (3,804) (3,703) (3,572)
Investment in gas field developments (113) 0 0
Construction of assets pending sale / leaseback (63) 0 (48)
Proceeds from sale / leaseback of assets 87 3 470
Payment into escrow account (835) 0 0
Distribution from escrow account 835 0 0
Proceeds from sales of property, businesses and consolidated companies, net of cash divested 284 2,383 119
Acquisitions of property, businesses and consolidated companies, net of cash acquired (187) (123) 0
Purchases of previously leased assets 0 46 0
Cash acquired in step acquisition of nonconsolidated affiliate 1,050 0 0
Investments in consolidated companies, net of cash acquired 0 0 (5)
Investments in and loans to nonconsolidated affiliates (1,020) (803) (270)
Distributions and loan repayments from nonconsolidated affiliates 109 17 69
Proceeds from sale of ownership interests in nonconsolidated affiliates 22 1,528 8
Purchases of investments (577) (1,246) (643)
Proceeds from sales and maturities of investments 733 640 767
Cash used in investing activities (3,479) (1,350) (3,105)
Financing Activities      
Changes in short-term notes payable (33) (82) 74
Proceeds from issuance of long-term debt 32 1,383 2,448
Payments on long-term debt (588) (1,114) (747)
Purchases of treasury stock (916) (1,166) (4,193)
Proceeds from issuance of common stock 0 0 679
Proceeds from sales of common stock 398 508 269
Transaction financing, debt issuance and other costs (2) (88) (20)
Excess tax benefits from share-based payment arrangements 57 41 42
Distributions to noncontrolling interests (176) (112) (91)
Contributions from noncontrolling interest 0 17 36
Purchases of noncontrolling interests (202) (175) (60)
Dividends paid to stockholders (2,462) (2,253) (2,020)
Cash used in financing activities (3,892) (3,041) (3,583)
Effect of Exchange Rate Changes on Cash (77) (202) (100)
Summary      
Increase (Decrease) in cash and cash equivalents (1,970) 2,923 (286)
Cash and cash equivalents at beginning of year 8,577 5,654 5,940
Cash and cash equivalents at end of year $ 6,607 $ 8,577 $ 5,654
[1] See Note 15 for information regarding the asbestos-related charge.