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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 1,591 $ 1,679
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation 1,143 774
Amortization of intangibles 303 340
Stock-based compensation 113 116
Net (gain)/loss on asset sales and other (176) 34
Changes in operating assets and liabilities, net of acquisitions/divestitures 1,785 1,658
Net cash provided by operating activities 4,759 4,602
Cash flows from investing activities:    
Payments for property, plant and equipment (539) (870)
Proceeds from disposition of property, plant and equipment 81 103
Investment in software (156) (126)
Acquisition of businesses, net of cash acquired (1) (71)
Divestitures of businesses, net of cash transferred 33  
Non-operating finance receivables - net 193 (89)
Purchases of marketable securities and other investments (1,138) (1,521)
Proceeds from disposition of marketable securities and other investments 674 810
Net cash used in investing activities (853) (1,764)
Cash flows from financing activities:    
Proceeds from new debt 5,979 2,170
Payments to settle debt (1,768) (3,295)
Short-term borrowings/(repayments) less than 90 days - net 21 412
Common stock repurchases (920) (777)
Common stock repurchases for tax withholdings (61) (53)
Financing - other 9 16
Cash dividends paid (1,397) (1,382)
Net cash provided by (used in) financing activities 1,863 (2,909)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (102) 100
Net change in cash, cash equivalents and restricted cash 5,668 28
Cash, cash equivalents and restricted cash at beginning of period 11,604 12,234
Cash, cash equivalents and restricted cash at end of period $ 17,272 $ 12,262