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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
6 Months Ended
Dec. 31, 2011
Dec. 31, 2010
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD $ 2,768 $ 2,879
OPERATING ACTIVITIES    
Net earnings 4,770 6,482
Depreciation and amortization 1,456 1,400
Share-based compensation expense 168 180
Deferred income taxes 32 142
(Gain)/loss on sale of businesses (187) (3)
Goodwill and indefinite lived intangibles impairment charges 1,554 0
Changes in:    
Accounts receivable (1,079) (931)
Inventories (497) (779)
Accounts payable, accrued and other liabilities (1,009) (377)
Other operating assets and liabilities 230 (671)
Other 57 (67)
TOTAL OPERATING ACTIVITIES 5,495 5,376
INVESTING ACTIVITIES    
Capital expenditures (1,780) (1,256)
Proceeds from asset sales 238 22
Acquisitions, net of cash acquired 2 (435)
Change in investments 71 128
TOTAL INVESTING ACTIVITIES (1,469) (1,541)
FINANCING ACTIVITIES    
Dividends to shareholders (3,013) (2,834)
Change in short-term debt 2,416 948
Additions to long-term debt 1,990 1,536
Reductions of long-term debt (2,514) (160)
Treasury stock purchases (1,764) (3,528)
Impact of stock options and other 589 463
TOTAL FINANCING ACTIVITIES (2,296) (3,575)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (84) 110
CHANGE IN CASH AND CASH EQUIVALENTS 1,646 370
CASH AND CASH EQUIVALENTS, END OF PERIOD $ 4,414 $ 3,249