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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income $ 2,122 $ 3,224
Add: Loss from discontinued operations   205
Adjustments to reconcile net income to cash provided by operating activities:    
Restructuring and other charges 439 0
Depreciation and amortization [1] 2,089 1,997
Pension and other postretirement benefits expense 217 190
Stock-based compensation expense 167 162
Pension and other postretirement benefits funding (214) (127)
Earnings of equity method investments, less dividends received (65) (90)
Change in assets and liabilities:    
Decrease (increase) in receivables [2] 1,682 (590)
Decrease (increase) in inventories [2] 39 (90)
(Increase) decrease in other current assets [2] (13) 82
Decrease (increase) in other assets [2] 3 (60)
Decrease in accounts payable and accrued liabilities [2] (2,126) (515)
(Decrease) increase in estimated liability for taxes on income [2] (419) 23
Decrease in other liabilities [2] (86) (204)
Other [2] 249 12
NET CASH PROVIDED BY OPERATING ACTIVITIES 4,084 4,219
Cash flows from investing activities:    
Capital expenditures (1,193) (1,786)
SPM investments (222) (377)
Multiclient seismic data capitalized (221) (154)
Business acquisitions and investments, net of cash acquired (171) (471)
Sale of investments, net 610 349
Other (119) 3
NET CASH USED IN INVESTING ACTIVITIES (1,316) (2,436)
Cash flows from financing activities:    
Dividends paid (1,151) (932)
Proceeds from employee stock purchase plan 144 134
Proceeds from exercise of stock options 112 358
Stock repurchase program (1,239) (2,074)
Proceeds from issuance of long-term debt 1,779 1,979
Repayment of long-term debt (2,340) (2,104)
Net increase (decrease) in short-term borrowings 586 (302)
Other (2) (32)
NET CASH USED IN FINANCING ACTIVITIES (2,111) (2,973)
CASH FLOWS USED BY DISCONTINUED OPERATIONS - OPERATING ACTIVITIES (233)  
Net increase (decrease) in cash before translation effect 424 (1,190)
Translation effect on cash (13) (15)
Cash, beginning of period 3,130 3,472
Cash, end of period $ 3,541 $ 2,267
[1] Includes depreciation of property, plant and equipment and amortization of intangible assets, multiclient seismic data costs and SPM investments.
[2] Net of the effect of business acquisitions.