Consolidated Cash Flow Statement - USD ($) $ in Millions	6 Months Ended
Jun. 30, 2020	Jun. 30, 2019
Operating Activities
Net income	$ 1,367	$ 961
Depreciation and amortization	414	470
Stock-based compensation	54	48
Deferred income taxes	12	26
Net (gains) losses on asset dispositions	13	17
Equity companies' earnings (in excess of) less than dividends paid	(47)	(30)
Operating working capital	490	(525)
Postretirement benefits	(15)	(21)
Other	(5)	(20)
Cash Provided by Operations	2,283	926
Investing Activities
Capital spending	(636)	(569)
Investments in time deposits	(323)	(186)
Maturities of time deposits	254	229
Other	15	4
Cash Used for Investing	(690)	(522)
Financing Activities
Cash dividends paid	(722)	(700)
Change in short-term debt	(667)	543
Debt proceeds	1,241	696
Debt repayments	(252)	(703)
Proceeds from exercise of stock options	135	160
Acquisitions of common stock for the treasury	(263)	(330)
Other	(39)	(79)
Cash Used for Financing	(567)	(413)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(20)	4
Change in Cash and Cash Equivalents	1,006	(5)
Cash and Cash Equivalents - Beginning of Period	442	539
Cash and Cash Equivalents - End of Period	$ 1,448	$ 534

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