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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Provided by (Used in) Operating Activities    
Net earnings $ 1,121 $ 1,895
Adjustments to reconcile net earnings to operating cash flows:    
Depreciation and amortization 53 53
Deferred income tax (benefit) provision (72) 54
Earnings from equity investment in AB InBev (86) (342)
Loss on AB InBev/SABMiller business combination 0 33
Loss on Cronos-related financial instruments 425 0
Asset impairment and exit costs, net of cash paid 17 (7)
Cash effects of changes:    
Receivables (16) 9
Inventories (25) (30)
Accounts payable (189) (164)
Income taxes 471 521
Accrued liabilities and other current assets (513) (267)
Accrued settlement charges 913 1,018
Pension plan contributions (3) (7)
Pension provisions and postretirement, net (8) 0
Other, net 201 43
Net cash provided by operating activities 2,289 2,809
Cash Provided by (Used in) Investing Activities    
Capital expenditures (38) (34)
Investment in Cronos (1,831) 0
Other, net (81) (7)
Net cash used in investing activities (1,950) (41)
Cash Provided by (Used in) Financing Activities    
Repayment of short-term borrowings (12,800) 0
Long-term debt issued 16,265 0
Repurchases of common stock (151) (513)
Dividends paid on common stock (1,502) (1,257)
Other (129) (23)
Net cash provided by (used in) financing activities 1,683 (1,793)
Cash, cash equivalents and restricted cash:    
Increase (decrease) 2,022 975
Balance at beginning of period 1,433 1,314
Balance at end of period 3,455 2,289
Cash, cash equivalents and restricted cash $ 1,433 $ 1,314