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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ 203 $ (1,623)
Adjustments to reconcile net income (loss) to cash provided by operating activities:    
Impairments and other charges 674 2,908
Depreciation and amortization [1] 1,975 2,080
Pension and other postretirement benefits expense 52 92
Stock-based compensation expense 180 145
Pension and other postretirement benefits funding (74) (83)
Earnings of equity method investments, less dividends received (30) (30)
Change in assets and liabilities:    
(Increase) decrease in receivables [2] (406) 1,057
(Increase) decrease in inventories [2] (51) 334
(Increase) decrease in other current assets [2] (123) 92
Increase in other assets [2] (140) (247)
Decrease in accounts payable and accrued liabilities [2] (738) (1,491)
Decrease in estimated liability for taxes on income [2] (21) (242)
(Decrease) increase in other liabilities [2] (37) 11
Other [2] 50 (161)
NET CASH PROVIDED BY OPERATING ACTIVITIES 1,514 2,842
Cash flows from investing activities:    
Capital expenditures (884) (998)
SPM investments (328) (729)
Multiclient seismic data costs capitalized (190) (333)
Business acquisitions and investments, net of cash acquired (364) (2,220)
Sale of investments, net 2,245 3,476
Other (61) 26
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 418 (778)
Cash flows from financing activities:    
Dividends paid (1,393) (1,255)
Proceeds from employee stock purchase plan 96 116
Proceeds from exercise of stock options 47 79
Stock repurchase program (770) (506)
Proceeds from issuance of long-term debt 625 3,560
Repayment of long-term debt (475) (3,401)
Net decrease in short-term borrowings (1,097) (564)
Other (2) 48
NET CASH USED IN FINANCING ACTIVITIES (2,969) (1,923)
Net (decrease) increase in cash before translation effect (1,037) 141
Translation effect on cash 11 13
Cash, beginning of period 2,929 2,793
Cash, end of period $ 1,903 $ 2,947
[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.