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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net income $ 1,121 $ 1,232
Adjustments to reconcile net income to cash used for operating activities:    
Depreciation 230 238
Amortization of intangible assets 51 122
Net periodic pension benefit cost 109 146
Contributions to pension plans (82) (88)
Gain on sale of businesses and other assets (192) (374)
Asset related charges 119 78
Other operating activities - net 78 180
Change in operating assets and liabilities - net (3,058) (3,340)
Cash used for operating activities (1,624) (1,806)
Investing activities    
Purchases of property, plant and equipment (330) (357)
Investments in affiliates (22) (1)
Proceeds from sale of businesses and other assets - net 283 193
Purchases of short-term financial instruments (2,073) (95)
Proceeds from maturities and sales of short-term financial instruments 868 377
Foreign currency exchange contract settlements (15) (78)
Other investing activities - net (46) (12)
Cash (used for) provided by investing activities (1,335) 27
Financing activities    
Dividends paid to stockholders (331) (334)
Net increase in short-term (less than 90 days) borrowings 1,681 665
Long-term and other borrowings - receipts 197 654
Long-term and other borrowings - payments (34) (361)
Proceeds from exercise of stock options 160 36
Other financing activities - net (32) (35)
Cash provided by financing activities 1,641 625
Effect of exchange rate changes on cash 60 20
Decrease in cash and cash equivalents (1,258) (1,134)
Cash and cash equivalents at beginning of period 4,605 5,300
Cash and cash equivalents at end of period $ 3,347 $ 4,166