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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income $ 8,728 $ 5,753 $ 11,872
Adjustments to reconcile net income to cash provided by operating activities      
Depreciation 3,127 3,021 2,837
Amortization of intangibles 1,353 1,520 1,544
Stock-based compensation 510 534 544
Deferred taxes 853 (931) (1,132)
Net (gain)/loss on asset sales and other 123 14 62
Change in operating assets and liabilities, net of acquisitions/divestitures      
Receivables (including financing receivables) 1,006 1,297 712
Retirement related 1,368 1,014 54
Inventories (127) 18 (14)
Other assets/other liabilities (1,819) 4,437 408
Accounts payable 126 47 197
Net cash provided by operating activities 15,247 16,724 17,084
Cash flows from investing activities      
Payments for property, plant and equipment (3,395) (3,229) (3,567)
Proceeds from disposition of property, plant and equipment 248 460 424
Investment in software (569) (544) (583)
Purchases of marketable securities and other investments (7,041) (4,949) [1] (5,853) [1]
Proceeds from disposition of marketable securities and other investments 6,487 3,910 5,692
Non-operating finance receivables - net (503) (2,028) (891)
Acquisition of businesses, net of cash acquired (139) (496) (5,696) [1]
Divestiture of businesses, net of cash transferred   (205) (454)
Net cash used in investing activities (4,913) (7,081) [1] (10,928) [1]
Cash flows from financing activities      
Proceeds from new debt 6,891 9,643 9,132
Payments to settle debt (8,533) (6,816) (6,395)
Short-term borrowings/(repayments) less than 90 days - net 1,341 620 26
Common stock repurchases (4,443) (4,340) (3,502)
Common stock repurchases for tax withholdings (171) (193) (126)
Financing - other 111 175 204
Cash dividends paid (5,666) (5,506) (5,256)
Net cash used in financing activities (10,469) (6,418) (5,917)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (495) 937 (51)
Net change in cash, cash equivalents and restricted cash (630) 4,161 [1] 188 [1]
Cash, cash equivalents and restricted cash at beginning of period [1] 12,234 8,073 7,885
Cash, cash equivalents and restricted cash at end of period 11,604 12,234 [1] 8,073 [1]
Supplemental data      
Income taxes paid - net of refunds received 1,745 1,597 1,078
Interest paid on debt $ 1,423 $ 1,208 $ 1,158
[1] * Recast to reflect adoption of the FASB guidance on restricted cash.