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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income $ 2,536 $ 4,089
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation 2,068 2,130
Amortization of intangibles 1,245 610
Stock-based compensation 436 248
Net (gain)/loss on asset sales and other 161 (787)
Changes in operating assets and liabilities, net of acquisitions/divestitures 1,606 1,410
Net cash provided by operating activities 8,052 7,700
Cash flows from investing activities:    
Payments for property, plant and equipment (1,215) (1,122)
Proceeds from disposition of property, plant and equipment 82 383
Investment in software (301) (305)
Acquisition of businesses, net of cash acquired (19) (43)
Divestiture of businesses, net of cash transferred 757 888
Non-operating finance receivables - net 95 3,828
Purchases of marketable securities and other investments (3,478) (1,803)
Proceeds from disposition of marketable securities and other investments 1,942 1,483
Net cash provided by/(used in) investing activities (2,138) 3,309
Cash flows from financing activities:    
Proceeds from new debt 10,190 31,249
Payments to settle debt (8,423) (3,869)
Short-term borrowings/(repayments) less than 90 days - net (449) (307)
Common stock repurchases   (1,236)
Common stock repurchases for tax withholdings (211) (152)
Financing - other 43 41
Cash dividends paid (2,890) (2,833)
Net cash provided by/(used in) financing activities (1,739) 22,894
Effect of exchange rate changes on cash, cash equivalents and restricted cash (301) 27
Net change in cash, cash equivalents and restricted cash 3,874 33,930
Cash, cash equivalents and restricted cash at beginning of period 8,314 11,604
Cash, cash equivalents and restricted cash at end of period $ 12,188 $ 45,534