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Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Provided by (Used for) Operating Activities:    
Net Income $ 566 $ 597
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation 68 67
Amortization and impairment of intangible assets 36 43
Change in deferred income taxes 17 22
Provision for uncollectible accounts 2 2
(Income) loss from investments (3) (7)
(Gain) loss on sale of operations and affiliates (1) 2
Stock-based compensation expense 9 10
Other non-cash items, net 2 4
(Increase) decrease in-    
Trade receivables 10 (106)
Inventories (48) (32)
Prepaid expenses and other assets (10) (22)
Increase (decrease) in-    
Accounts payable 17 48
Accrued expenses and other liabilities (93) (99)
Income taxes 46 87
Other, net (4) 0
Net cash provided by operating activities 614 616
Cash Provided by (Used for) Investing Activities:    
Acquisition of businesses (excluding cash and equivalents) 0 (4)
Additions to plant and equipment (60) (77)
Proceeds from investments 7 7
Proceeds from sale of plant and equipment 3 2
Other, net (3) 0
Net cash provided by (used for) investing activities (53) (72)
Cash Provided by (Used for) Financing Activities:    
Cash dividends paid (342) (328)
Issuance of common stock 17 11
Repurchases of common stock (706) (375)
Net proceeds from (repayments of) debt with original maturities of three months or less 0 1,058
Repayments of debt with original maturities of more than three months 0 (650)
Other, net (16) (11)
Net cash provided by (used for) financing activities (1,047) (295)
Effect of Exchange Rate Changes on Cash and Equivalents (65) 2
Cash and Equivalents:    
Increase (decrease) during the period (551) 251
Beginning of period 1,981 1,504
End of period 1,430 1,755
Supplementary Cash Flow Information:    
Cash Paid During the Period for Interest 56 63
Cash Paid During the Period for Income Taxes, Net of Refunds $ 106 $ 84