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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net income $ 2,014 $ 2,328
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation 677 670
Amortization of intangibles 347 298
Stock-based compensation 133 127
Net (gain)/loss on asset sales and other 172 352
Changes in operating assets and liabilities, net of acquisitions/divestitures 2,302 (165)
Net cash provided by operating activities 5,645 3,610
Cash flows from investing activities:    
Payments for property, plant and equipment (956) (857)
Proceeds from disposition of property, plant and equipment 129 47
Investment in software (144) (113)
Acquisition of businesses, net of cash acquired (2,590) (148)
Divestitures of businesses, net of cash transferred 47 19
Non-operating finance receivables - net 1,358 1,615
Purchases of marketable securities and other investments (1,041) (819)
Proceeds from disposition of marketable securities and other investments 1,169 816
Net cash (used in)/provided by investing activities (2,028) 560
Cash flows from financing activities:    
Proceeds from new debt 8,085 2,290
Payments to settle debt (2,211) (2,824)
Short-term borrowings/(repayments) less than 90 days - net (910) (776)
Common stock repurchases (939) (1,165)
Common stock transactions - other 59 161
Cash dividends paid (1,250) (1,088)
Net cash provided by/(used in) financing activities 2,834 (3,402)
Effect of exchange rate changes on cash and cash equivalents 217 (449)
Net change in cash and cash equivalents 6,668 319
Cash and cash equivalents at January 1 7,686 8,476
Cash and cash equivalents at March 31 $ 14,354 $ 8,796