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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 3,125 $ 5,188
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] 3,115 3,029
Pension and other postretirement benefits expense 326 266
Stock-based compensation expense 250 246
Pension and other postretirement benefits funding (292) (318)
Earnings of equity method investments, less dividends received (83) (68)
Change in assets and liabilities:    
Decrease (increase) in receivables [2] 1,848 (779)
Decrease (increase) in inventories [2] 445 (61)
Decrease in other current assets [2] 93 112
Increase in other assets [2] (9) (89)
Decrease in accounts payable and accrued liabilities [2] (2,426) (256)
Decrease in estimated liability for taxes on income [2] (469) (7)
Decrease in other liabilities [2] (21) (78)
Other [2] 286 (108)
NET CASH PROVIDED BY OPERATING ACTIVITIES 6,627 7,282
Cash flows from investing activities:    
Capital expenditures (1,783) (2,766)
SPM investments (350) (569)
Multiclient seismic data capitalized (336) (212)
Business acquisitions and investments, net of cash acquired (289) (556)
Sale of investments, net 939 1,147
Other (207) 3
NET CASH USED IN INVESTING ACTIVITIES (2,026) (2,953)
Cash flows from financing activities:    
Dividends paid (1,786) (1,451)
Proceeds from employee stock purchase plan 296 295
Proceeds from exercise of stock options 127 500
Stock repurchase program (1,784) (3,582)
Proceeds from issuance of long-term debt 1,714 2,005
Repayment of long-term debt (2,815) (2,857)
Net (decrease) increase in short-term borrowings (41) 455
Other (14) (38)
NET CASH USED IN FINANCING ACTIVITIES (4,303) (4,673)
CASH FLOWS (USED IN) PROVIDED BY DISCONTINUED OPERATIONS - OPERATING ACTIVITIES (233) 24
Net increase (decrease) in cash before translation effect 65 (320)
Translation effect on cash (23) (34)
Cash, beginning of period 3,130 3,472
Cash, end of period $ 3,172 $ 3,118
[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.