XML 77 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating activities      
Net income $ 4,862 $ 2,780 $ 3,599
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation 1,280 1,376 1,283
Amortization of intangible Assets 323 337 277
Other operating charges and credits - net 859 1,185 991
Contributions to pension plans (313) (848) (341)
Gain on sale of a business (2,687) 0 0
(Increase) decrease in operating assets:      
Accounts and notes receivable (883) 114 (360)
Inventories and other operating assets (526) (812) (1,018)
Increase (decrease) in operating liabilities:      
Accounts payable and other operating liabilities 418 1,037 528
Accrued interest and income taxes (154) (320) 193
Cash provided by operating activities 3,179 4,849 5,152
Investing activities      
Purchases of property, plant and equipment (1,882) [1] (1,793) [1] (1,843) [1]
Investments in affiliates (58) (97) (67)
Payments for businesses - net of cash acquired (133) (18) (6,459)
Proceeds from sale of business - net 4,841 0 0
Proceeds from sale of assets, net 142 302 214
Net decrease (increase) in short-term financial instruments (45) 315 2,149
Forward exchange contract settlements 40 (40) (227)
Other investing activities - net 40 (15) (5)
Cash (provided by) used for investing activities 2,945 (1,346) (6,238)
Financing activities      
Dividends paid to stockholders (1,661) (1,594) (1,533)
Net (decrease) increase in short-term (less than 90 days) borrowings 16 (200) 185
Long-term and other borrowings:      
Receipts 2,013 323 2,539
Payments (1,312) (916) (1,163)
Repurchase of common stock (1,000) (400) (672)
Proceeds from exercise of stock options 536 550 952
Payments for noncontrolling interests (65) (470) 0
Other financing activities - net (1) 10 95
Cash (used for) provided by financing activities (1,474) (2,697) 403
Effect of exchange rate changes on cash (88) (13) 6
Cash reclassified as held for sale 0 (95) 0
Increase (decrease) in cash and cash equivalents 4,562 698 (677)
Cash and cash equivalents at beginning of year 4,379 3,586 4,263
Cash and cash equivalents at end of year 8,941 4,379 3,586
Cash and cash equivalents at end of year, excluding held for sale 8,941 4,284  
Supplemental cash flow information:      
Interest, net of amounts capitalized 489 501 455
Income taxes $ 1,323 $ 1,054 $ 527
[1] See Note 1 for additional information on the presentation of the Performance Coatings business which met the criteria for discontinued operations during 2012.