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Consolidated Cash Flow Statement (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating Activities      
Net Income $ 1,684 $ 1,943 $ 1,994
Depreciation and amortization 1,091 813 783
Asset Impairment Charges 58      
Stock-based Compensation 48 52 86
Deferred income taxes 274 (12) 141
Net losses on asset dispositions (6) 26 36
Equity companies' earnings in excess of dividends paid (23) (48) (53)
(Increase) decrease in operating working capital (262) 24 1,105 [1]
Postretirement benefits (574) (125) (609)
Other (2) 71 (2)
Cash Provided by Operations 2,288 2,744 3,481
Investing Activities      
Capital spending (968) (964) (848)
Proceeds from maturity of note receivable 220      
Acquisitions of businesses, net of cash acquired       458
Proceeds from sales of investments 28 47 40
Investments in time deposits (158) (131) (270)
Maturities of time deposits 141 248 223
Proceeds from disposition of property 51 9 25
Other 5 10 0
Cash Used for Investing (681) (781) (1,288)
Financing Activities      
Cash dividends paid (1,099) (1,066) (986)
Net increase (decrease) in short-term debt 13 (28) (312)
Proceeds from issuance of long-term debt 839 515 2
Repayments of long-term debt (107) (506) (278)
Redemption of redeemable preferred securities of subsidiarry (500)      
Cash paid on redeemable preferred securities of subsidiary (57) (54) (53)
Proceeds from exercise of stock options 435 131 165
Acquisitions of common stock for the treasury (1,246) (803) (7)
Shares purchased from noncontrolling interests       (293)
Other (19) (48) (26)
Cash Used for Financing (1,741) (1,859) (1,788)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 22 (26) 29
(Decrease) increase in Cash and Cash Equivalents (112) 78 434
Cash and Cash Equivalents, beginning of year 876 798 364
Cash and Cash Equivalents, end of year $ 764 $ 876 $ 798
[1] Excludes the effects of acquisitions and dispositions.