CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash Flows from Operating Activities
Net income	$ 6,229	$ 5,506
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	1,869	1,871
Intangible asset impairment charges	20	252
Deferred income taxes	122	(149)
Share-based compensation	229	204
Other	(202)	114
Net changes in assets and liabilities	(4,193)	(3,378)
Net Cash Provided by Operating Activities	4,074	4,420
Cash Flows from Investing Activities
Capital expenditures	(1,654)	(1,377)
Purchases of securities and other investments	(77)	(1,810)
Proceeds from sales of securities and other investments	1,892	4,935
Acquisition of ArQule, Inc., net of cash acquired	(2,545)	0
Acquisition of Antelliq Corporation, net of cash acquired	0	(3,620)
Other acquisitions, net of cash acquired	(321)	(270)
Other	195	85
Net Cash Used in Investing Activities	(2,510)	(2,057)
Cash Flows from Financing Activities
Net change in short-term borrowings	1,967	(3,532)
Payments on debt	(1,952)	0
Proceeds from issuance of debt	4,445	4,958
Purchases of treasury stock	(1,281)	(2,325)
Dividends paid to stockholders	(3,128)	(2,896)
Proceeds from exercise of stock options	40	304
Other	(444)	(207)
Net Cash Used in Financing Activities	(353)	(3,698)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash	2	28
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	1,213	(1,307)
Cash, Cash Equivalents and Restricted Cash at Beginning of Year (includes restricted cash of $258 million at January 1, 2020 included in Other Assets)	9,934	7,967
Cash, Cash Equivalents and Restricted Cash at End of Period (includes restricted cash of $44 million at June 30, 2020 included in Other Assets)	$ 11,147	$ 6,660