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CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities:    
Net income $ 1,608 $ 1,267
Less: Income from discontinued operations 0 (56)
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 932 [1] 896 [1]
Earnings of companies carried at equity, less dividends received (61) (23)
Stock-based compensation expense 77 81
Pension and other postretirement benefits expense 86 128
Other non-cash items 27 108
Pension and other postretirement benefits funding (72) (177)
Change in assets and liabilities:    
Increase in receivables (202) [2] (288) [2]
Increase in inventories (137) [2] (179) [2]
Increase in other current assets (181) [2] (29) [2]
Increase in other assets (164) [2] (164) [2]
Decrease in accounts payable and accrued liabilities (592) [2] (577) [2]
Increase in liability for taxes on income 242 [2] 124 [2]
Decrease in other liabilities (20) [2] (5) [2]
Other 92 [2] 32 [2]
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,635 1,138
Cash flows from investing activities:    
Capital expenditures (864) (894)
Multiclient seismic data capitalized (82) (117)
Other business acquisitions and investments, net of cash acquired (239) (39)
Sale of investments, net 1,576 910
Other (17) 34
NET CASH PROVIDED BY (USED) IN INVESTING ACTIVITIES 374 (106)
Cash flows from financing activities:    
Dividends paid (410) (365)
Proceeds from employee stock purchase plan 134 126
Proceeds from exercise of stock options 146 40
Stock repurchase program (899) (193)
Proceeds from issuance of long-term debt 1,110 18
Repayment of long-term debt (1,574) (445)
Net increase in short-term borrowings (222) 34
Other 7  
NET CASH USED IN FINANCING ACTIVITIES (1,708) (785)
Cash flows from discontinued operations - operating activities 0 (19)
Cash flows from discontinued operations 0 (19)
Net increase in cash before translation effect 301 228
Translation effect on cash (21) (4)
Cash, beginning of period 3,472 1,905
Cash, end of period $ 3,752 $ 2,129
[1] Includes multiclient seismic data costs.
[2] Net of the effect of business acquisitions and divestitures.