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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net Income $ 2,287 $ 1,491
Less: Income from discontinued operations (220)  
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 1,593 [1] 1,258 [1]
Earnings of companies carried at equity, less dividends received (41) (83)
Deferred income taxes (28) 31
Stock-based compensation expense 132 95
Pension and other postretirement benefits expense 184 149
Pension and other postretirement benefits funding (122) (130)
Change in assets and liabilities:    
Increase in receivables (1,055) [2] (49) [2]
(Increase) decrease in inventories (547) [2] 30 [2]
(Increase) decrease in other current assets (168) [2] 24 [2]
Increase (decrease) in accounts payable and accrued liabilities 331 [2] (243) [2]
(Decrease) increase in estimated liability for taxes on income (560) [2] 30 [2]
Increase (decrease) in other liabilities 103 [2] (81) [2]
Other-net 197 [2] (236) [2]
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,086 2,286
Cash flows from investing activities:    
Capital expenditures (1,720) (1,083)
Acquisition of Geoservices, net of cash acquired   (889)
Multiclient seismic data capitalized (131) (172)
Business acquisitions, net of cash acquired (122) (145)
(Purchase) sale of investments, net (123) 1,603
Other 214 (12)
NET CASH USED IN INVESTING ACTIVITIES (1,882) (698)
Cash flows from financing activities:    
Dividends paid (631) (505)
Proceeds from employee stock purchase plan 89 84
Proceeds from exercise of stock options 172 80
Tax benefits on stock options   14
Stock repurchase program (1,551) (872)
Proceeds from issuance of long-term debt 3,568 70
Repayment of long-term debt (2,244) (439)
Net decrease in short-term borrowings (386) (33)
NET CASH USED IN FINANCING ACTIVITIES (983) (1,601)
Cash flows from discontinued operations - investing activities 385  
Net decrease in cash before translation effect (394) (13)
Translation effect on cash 8 (1)
Cash, beginning of period 1,764 243
Cash, end of period $ 1,378 $ 229
[1] Includes multiclient seismic data costs.
[2] Net of the effect of business acquisitions.