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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities      
Net earnings including noncontrolling interests $ 1,846 $ 2,253 $ 1,354
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities      
Depreciation and amortization 882 894 909
Asset impairment charges 129 41 259
Deferred income taxes (7) (59) 161
Equity in earnings of affiliates, net of dividends (50) (215) (285)
Stock compensation expense 79 55 43
Pension and postretirement accruals (contributions), net (112) 13 10
(Gain) Loss on Extinguishment of Debt 189 0 0
(Gain) loss on sale and revaluation of assets (572) (351) (41)
Other – net (152) 71 (117)
Changes in operating assets and liabilities      
Segregated cash and investments (303) (935) (322)
Trade receivables 913 425 296
Inventories 872 1,274 2,541
Other current assets 460 220 227
Trade payables (774) (94) (291)
Payables to brokerage customers 24 1,167 231
Accrued expenses and other payables (943) 203 251
Total Operating Activities 2,481 4,962 5,226
Investing Activities      
Purchases of property, plant, and equipment (1,125) (894) (913)
Net assets of businesses acquired (479) (2,758) (44)
Proceeds from sale of business and assets 1,765 414 86
Cash divested from deconsolidation 0 (12) 0
Purchases of marketable securities (1,084) (1,344) (891)
Proceeds from sales of marketable securities 1,119 1,239 995
Other – net (217) (52) 190
Total Investing Activities (21) (3,407) (577)
Financing Activities      
Long-term debt borrowings 1,252 1 23
Long-term debt payments (994) (1,251) (275)
Net borrowings (payments) under lines of credit agreements (18) (458) (2,461)
Debt repurchase premium and costs (189) 0 0
Purchases of treasury stock (2,040) (1,183) (101)
Cash dividends (687) (624) (501)
Payments to Noncontrolling Interests 0 (157) 0
Other – net 27 95 73
Total Financing Activities (2,649) (3,577) (3,242)
Increase (decrease) in cash and cash equivalents (189) (2,022) 1,407
Cash and cash equivalents – beginning of year 1,099 3,121 1,714
Cash and cash equivalents – end of year 910 1,099 3,121
Cash paid for interest and income taxes were as follows:      
Interest 334 338 380
Income taxes $ 602 $ 720 $ 556