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Condensed Consolidated Cash Flow Statement (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating Activities    
Net income $ 1,542 $ 1,262
Depreciation and amortization 642 821
Stock-based compensation 57 37
Increase in operating working capital (335) (155)
Deferred income taxes 320 200
Net losses on asset dispositions 15 1
Equity companies' earnings in excess of dividends paid (53) (46)
Postretirement benefits (11) (331)
Other (8) (18)
Cash Provided by Operations 2,169 1,771
Investing Activities    
Capital spending (763) (656)
Proceeds from Collection of Notes Receivable 0 220
Proceeds from sales of investments 14 21
Proceeds from dispositions of property 6 23
Investments in time deposits (61) (122)
Maturities of time deposits 78 115
Other (3) 4
Cash Used for Investing (729) (395)
Financing Activities    
Cash dividends paid (859) (824)
Net increase (decrease) in short-term debt 464 14
Proceeds from issuance of long-term debt 315 799
Repayments of long-term debt (471) (20)
Cash paid on redeemable preferred securities of subsidiary (21) (40)
Proceeds from exercise of stock options 523 294
Acquisitions of common stock for the treasury (962) (1,246)
Other 25 (8)
Cash Used for Financing (986) (1,031)
Effect of exchange rate changes on Cash and Cash Equivalents 31 11
Increase (decrease) in Cash and Cash Equivalents 485 356
Cash and Cash Equivalents, beginning of year 764 876
Cash and Cash Equivalents, end of period $ 1,249 $ 1,232