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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 8,727 $ 6,539
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation 1,981 2,428
Amortization of intangibles 884 1,018
Stock-based compensation 369 416
Net (gain)/loss on asset sales and other 584 (262)
Loss on Microelectronics business disposal 48 3,346
Changes in operating assets and liabilities, net of acquisitions/divestitures (864) (2,675)
Net cash provided by operating activities 11,729 10,809
Cash flows from investing activities:    
Payments for property, plant and equipment (2,670) (2,793)
Proceeds from disposition of property, plant and equipment 314 325
Investment in software (407) (336)
Acquisition of businesses, net of cash acquired (821) (650)
Divestitures of businesses, net of cash transferred (488) 489
Non-operating finance receivables - net 1,334 948
Purchases of marketable securities and other investments (2,101) (1,513)
Proceeds from disposition of marketable securities and other investments 2,125 1,765
Net cash used in investing activities (2,714) (1,765)
Cash flows from financing activities:    
Proceeds from new debt 3,701 5,642
Payments to settle debt (5,389) (3,108)
Short-term borrowings/(repayments) less than 90 days - net 1,080 3,888
Common stock repurchases (3,846) (13,547)
Common stock transactions - other 271 549
Cash dividends paid (3,636) (3,176)
Net cash used in financing activities (7,818) (9,753)
Effect of exchange rate changes on cash and cash equivalents (194) (447)
Net change in cash and cash equivalents 1,004 (1,155)
Cash and cash equivalents at January 1 8,476 10,716
Cash and cash equivalents at September 30 $ 9,480 $ 9,561