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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income $ 9,431 $ 8,728 $ 5,753
Adjustments to reconcile net income to cash provided by operating activities      
Depreciation 4,209 3,127 3,021
Amortization of intangibles 1,850 1,353 1,520
Stock-based compensation 679 510 534
Deferred taxes (1,527) 853 (931)
Net (gain)/loss on asset sales and other (1,096) 123 14
Change in operating assets and liabilities, net of acquisitions/divestitures      
Receivables (including financing receivables) 502 1,006 1,297
Retirement related 301 1,368 1,014
Inventory 67 (127) 18
Other assets/other liabilities 858 (1,819) 4,437
Accounts payable (503) 126 47
Net cash provided by operating activities 14,770 15,247 16,724
Cash flows from investing activities      
Payments for property, plant and equipment (2,286) (3,395) (3,229)
Proceeds from disposition of property, plant and equipment 537 248 460
Investment in software (621) (569) (544)
Purchases of marketable securities and other investments (3,693) (7,041) (4,949)
Proceeds from disposition of marketable securities and other investments 3,961 6,487 3,910
Non-operating finance receivables - net 6,720 (503) (2,028)
Acquisition of businesses, net of cash acquired (32,630) (139) (496)
Divestiture of businesses, net of cash transferred 1,076   (205)
Net cash provided by/(used in) investing activities (26,936) (4,913) (7,081)
Cash flows from financing activities      
Proceeds from new debt 31,825 6,891 9,643
Payments to settle debt (12,944) (8,533) (6,816)
Short-term borrowings/(repayments) less than 90 days - net (2,597) 1,341 620
Common stock repurchases (1,361) (4,443) (4,340)
Common stock repurchases for tax withholdings (272) (171) (193)
Financing - other 99 111 175
Cash dividends paid (5,707) (5,666) (5,506)
Net cash provided by/(used in) financing activities 9,042 (10,469) (6,418)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (167) (495) 937
Net change in cash, cash equivalents and restricted cash (3,290) (630) 4,161
Cash, cash equivalents and restricted cash at beginning of period 11,604 12,234 8,073
Cash, cash equivalents and restricted cash at end of period 8,314 11,604 12,234
Supplemental data      
Income taxes paid - net of refunds received 2,091 1,745 1,597
Interest paid on debt $ 1,685 $ 1,423 $ 1,208