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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income (loss) $ (1,623) $ 2,122
Adjustments to reconcile net income to cash provided by operating activities:    
Impairments and other charges 2,908 439
Depreciation and amortization [1] 2,080 2,089
Stock-based compensation expense 145 167
Pension and other postretirement benefits expense 92 217
Pension and other postretirement benefits funding (83) (214)
Earnings of equity method investments, less dividends received (30) (65)
Change in assets and liabilities:    
Decrease in receivables [2] 1,057 1,682
Decrease in inventories [2] 334 39
Decrease (increase) in other current assets [2] 92 (13)
(Increase) decrease in other assets [2] (247) 3
Decrease in accounts payable and accrued liabilities [2] (1,491) (2,126)
Decrease in estimated liability for taxes on income [2] (242) (419)
Increase (decrease) in other liabilities [2] 11 (86)
Other [2] (161) 249
NET CASH PROVIDED BY OPERATING ACTIVITIES 2,842 4,084
Cash flows from investing activities:    
Capital expenditures (998) (1,193)
SPM investments (729) (222)
Multiclient seismic data costs capitalized (333) (221)
Business acquisitions and investments, net of cash acquired (2,220) (171)
Sale of investments, net 3,476 610
Other 26 (119)
NET CASH USED IN INVESTING ACTIVITIES (778) (1,316)
Cash flows from financing activities:    
Dividends paid (1,255) (1,151)
Proceeds from employee stock purchase plan 116 144
Proceeds from exercise of stock options 79 112
Stock repurchase program (506) (1,239)
Proceeds from issuance of long-term debt 3,560 1,779
Repayment of long-term debt (3,401) (2,340)
Net (decrease) increase in short-term borrowings (564) 586
Other 48 (2)
NET CASH USED IN FINANCING ACTIVITIES (1,923) (2,111)
CASH FLOWS USED IN DISCONTINUED OPERATIONS - OPERATING ACTIVITIES   (233)
Net increase in cash before translation effect 141 424
Translation effect on cash 13 (13)
Cash, beginning of period 2,793 3,130
Cash, end of period $ 2,947 $ 3,541
[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.