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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net income $ 1,959 $ 3,636 $ 4,862
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation 1,104 1,254 1,280
Amortization of intangible assets 362 363 323
Net periodic pension benefit cost 591 406 953
Contributions to pension plans (308) (311) (313)
Gain on sales of businesses (59) (726) (2,687)
Other operating activities - net 253 366 170
(Increase) decrease in operating assets:      
Accounts and notes receivable (448) (88) (976)
Inventories and other operating assets 164 (318) (519)
Increase (decrease) in operating liabilities:      
Accounts payable and other operating liabilities (1,063) (1,064) 240
Accrued interest and income taxes (239) 194 (154)
Cash provided by operating activities 2,316 3,712 3,179
Investing activities      
Purchases of property, plant and equipment (1,629) (2,020) (1,882)
Investments in affiliates (76) (42) (58)
Payments for businesses - net of cash acquired (152) 0 (133)
Proceeds from sales of businesses - net 139 1,058 4,841
Proceeds from sales of assets, net 17 34 142
Purchases of short-term financial instruments (1,897) (936) (497)
Proceeds from maturities and sales of short-term financial instruments 1,121 950 452
Foreign currency exchange contract settlements 615 430 40
Other investing activities - net 34 189 40
Cash (used for) provided by for investing activities (1,828) (337) 2,945
Financing activities      
Dividends paid to stockholders (1,546) (1,696) (1,661)
Net (decrease) increase in short-term (less than 90 days) borrowings (1) (11) 16
Long-term and other borrowings:      
Receipts 3,679 104 2,013
Payments (1,537) (1,794) (1,312)
Repurchase of common stock (2,353) (2,000) (1,000)
Proceeds from exercise of stock options 274 327 536
Payments for noncontrolling interests (1) 0 (65)
Cash transferred to Chemours at spin-off (250) 0 0
Other financing activities - net (88) (4) (1)
Cash used for financing activities (1,823) (5,074) (1,474)
Effect of exchange rate changes on cash (275) (332) (88)
(Decrease) increase in cash and cash equivalents (1,610) (2,031) 4,562
Cash and cash equivalents at beginning of year 6,910 8,941 4,379
Cash and cash equivalents at end of year 5,300 6,910 8,941
Supplemental cash flow information:      
Interest, net of amounts capitalized 341 394 489
Income taxes $ 885 $ 1,016 $ 1,323