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Consolidated Cash Flow Statement - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Activities    
Net income $ 466 $ 97
Depreciation and amortization 234 211
Asset impairments 0 74
Stock-based compensation 16 18
Deferred income taxes 11 (27)
Net losses on asset dispositions 6 36
Equity companies' earnings in excess of dividends paid (27) (27)
Operating working capital (375) 103
Postretirement benefits (12) (41)
Other (2) 98
Cash Provided by Operations 317 542
Investing Activities    
Capital spending (316) (189)
Investments in time deposits (80) (83)
Maturities of time deposits 72 19
Other 0 (3)
Cash Used for Investing (324) (256)
Financing Activities    
Cash dividends paid (345) (341)
Change in short-term debt 851 249
Debt repayments (402) (2)
Proceeds from exercise of stock options 26 14
Acquisitions of common stock for the treasury (164) (197)
Other (8) (6)
Cash Used for Financing (42) (283)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 1 7
Change in Cash and Cash Equivalents (48) 10
Cash and Cash Equivalents - Beginning of Period 539 616
Cash and Cash Equivalents - End of Period $ 491 $ 626