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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income $ 3,367 $ 2,720
Less: (Income) loss from discontinued operations 69 (147)
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 1,806 [1] 1,706 [1]
Non-cash charges 459  
Gain on formation of OneSubsea (1,028)  
Earnings of companies carried at equity, less dividends received (26) (77)
Deferred income taxes (45) (29)
Stock-based compensation expense 168 167
Pension and other postretirement benefits expense 255 193
Pension and other postretirement benefits funding (231) (338)
Change in assets and liabilities:    
Increase in receivables (527) (1,570)
Increase in inventories (237) (670)
Decrease (increase) other current assets 20 (270)
Increase in other assets (345) (23)
Decrease in accounts payable and accrued liabilities (389) (68)
Decrease in liability for taxes on income (96) (118)
Increase (decrease) in other liabilities 19 (55)
Other 189 (24)
NET CASH PROVIDED BY OPERATING ACTIVITIES 3,428 1,397
Cash flows from investing activities:    
Capital expenditures (1,800) (2,080)
Multiclient seismic data capitalized (222) (183)
Business acquisitions, net of cash acquired (117) (682)
Payment for OneSubsea transaction (600)  
Sale of investments, net 850 1,146
Other 91 (126)
NET CASH USED IN INVESTING ACTIVITIES (1,798) (1,925)
Cash flows from financing activities:    
Dividends paid (781) (701)
Proceeds from employee stock purchase plan 126 115
Proceeds from exercise of stock options 63 118
Stock repurchase program (692) (823)
Proceeds from issuance of long-term debt 1,013 781
Repayment of long-term debt (453) (243)
Net (decrease) increase in short-term borrowings (152) 164
Other   14
NET CASH USED IN FINANCING ACTIVITIES (876) (575)
Cash flows from discontinued operations-operating activities (33) 19
Cash flows from discontinued operations-investing activities (28) 902
Cash flows from discontinued operations (61) 921
Net increase (decrease) in cash before translation effect 693 (182)
Translation effect on cash (12) (2)
Cash, beginning of period 1,905 1,705
Cash, end of period $ 2,586 $ 1,521
[1] Includes multiclient seismic data costs.