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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 4,518 $ 5,777
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation 1,382 1,335
Amortization of intangibles 745 594
Stock-based compensation 261 257
Net (gain)/loss on asset sales and other 167 152
Loss on Microelectronics business disposal   37
Changes in operating assets and liabilities, net of acquisitions/divestitures 2,015 (659)
Net cash provided by operating activities 9,088 7,494
Cash flows from investing activities:    
Payments for property, plant and equipment (1,826) (1,722)
Proceeds from disposition of property, plant and equipment 172 182
Investment in software (295) (290)
Acquisition of businesses, net of cash acquired (5,405) (708)
Divestitures of businesses, net of cash transferred 35 81
Non-operating finance receivables - net 1,127 1,338
Purchases of marketable securities and other investments (2,386) (1,716)
Proceeds from disposition of marketable securities and other investments 2,028 1,464
Net cash used in investing activities (6,550) (1,371)
Cash flows from financing activities:    
Proceeds from new debt 8,263 2,765
Payments to settle debt (3,425) (4,463)
Short-term borrowings/(repayments) less than 90 days - net (909) 177
Common stock repurchases (1,775) (2,303)
Common stock transactions - other 115 221
Cash dividends paid (2,590) (2,366)
Net cash used in financing activities (322) (5,970)
Effect of exchange rate changes on cash and cash equivalents 114 (236)
Net change in cash and cash equivalents 2,330 (83)
Cash and cash equivalents at beginning of period 7,686 8,476
Cash and cash equivalents at end of period $ 10,017 $ 8,393