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Consolidated Cash Flow Statement (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating Activities    
Net Income $ 546 $ 551
Depreciation and amortization 218 221
Stock-based compensation 9 30
Deferred income taxes 51 14
Net (gains) losses on asset dispositions 7 (13)
Equity companies' earnings in excess of dividends paid (43) (53)
(Increase) decrease in operating working capital (210) (121)
Postretirement benefits (156) (55)
Other 15 33
Cash Provided by Operations 437 607
Investing Activities    
Capital spending (258) (274)
Proceeds from dispositions of property 5 74
Investments in time deposits (38) 0
Maturities of time deposits 157 20
Other 0 1
Cash Used for Investing (134) (179)
Financing Activities    
Cash dividends paid (309) (289)
Change in short-term borrowings 654 335
Debt proceeds 1 59
Debt repayments (101) (38)
Cash paid on redeemable preferred securities of subsidiaries (7) (7)
Proceeds from exercise of stock options 37 50
Acquisitions of common stock for the treasury (441) (486)
Other (14) (10)
Cash Used for Financing (180) (386)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (12) (39)
Increase (Decrease) in Cash and Cash Equivalents 111 3
Cash and Cash Equivalents - Beginning of Year 1,054 1,106
Cash and Cash Equivalents - End of Period $ 1,165 $ 1,109