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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 5,091 $ 4,147
Less: Loss (income) from discontinued operations 69 (211)
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 2,737 [1] 2,570 [1]
Non-cash charges 459  
Gain on formation of OneSubsea (1,028)  
Earnings of companies carried at equity, less dividends received (46) (87)
Deferred income taxes 16 (88)
Stock-based compensation expense 255 251
Pension and other postretirement benefits expense 388 298
Pension and other postretirement benefits funding (468) (462)
Change in assets and liabilities:    
Increase in Receivables (1,292) [2] (2,180) [2]
Increase in inventories (96) [2] (787) [2]
Decrease (increase) in other current assets 28 [2] (392) [2]
Increase in other assets (614) [2] (104) [2]
Increase in accounts payable and accrued liabilities 189 [2] 340 [2]
Increase in liability for taxes on income 15 [2] 131 [2]
Increase (decrease) in other liabilities 2 [2] (23) [2]
Other 233 [2] 33 [2]
NET CASH PROVIDED BY OPERATING ACTIVITIES 5,938 3,436
Cash flows from investing activities:    
Capital expenditures (2,753) (3,161)
Multiclient seismic data capitalized (300) (260)
Business acquisitions, net of cash acquired (544) (713)
Payment for OneSubsea transaction (600)  
Sale of investments, net 963 221
Other 131 (124)
NET CASH USED IN INVESTING ACTIVITIES (3,103) (4,037)
Cash flows from financing activities:    
Dividends paid (1,196) (1,067)
Proceeds from employee stock purchase plan 270 247
Proceeds from exercise of stock options 145 139
Stock repurchase program (1,526) (972)
Proceeds from issuance of long-term debt 2,267 2,788
Repayment of long-term debt (1,211) (1,718)
Net (decrease) increase in short-term borrowings (306) 223
Other 3 15
NET CASH USED IN FINANCING ACTIVITIES (1,554) (345)
Cash flows from discontinued operations—operating activities (2) 76
Cash flows from discontinued operations—investing activities (28) 1,011
Cash flows from discontinued operations (30) 1,087
Net increase in cash before translation effect 1,251 141
Translation effect on cash (7) 6
Cash, beginning of period 1,905 1,705
Cash, end of period $ 3,149 $ 1,852
[1] Includes multiclient seismic data costs.
[2] Net of the effect of business acquisitions and divestitures.