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Information Relating to the Consolidated Statement of Cash Flows
 12 Months Ended
Dec. 31, 2019
Supplemental Cash Flow Elements [Abstract]  
Information Relating to the Consolidated Statement of Cash Flows
Information Relating to the Consolidated Statement of Cash Flows
 
Year ended December 31
 
 
2019

 
 
2018

 
2017

Net decrease (increase) in operating working capital was composed of the following:
 
 
 
 
 
 
Decrease (increase) in accounts and notes receivable
$
1,852

 
 
$
437

 
$
(915
)
Decrease (increase) in inventories
7

 
 
(424
)
 
(267
)
Decrease (increase) in prepaid expenses and other current assets
(323
)
 
 
(149
)
 
173

Increase (decrease) in accounts payable and accrued liabilities
(109
)
 
 
(494
)
 
998

Increase (decrease) in income and other taxes payable
67

 
 
(88
)
 
531

Net decrease (increase) in operating working capital
$
1,494

 
 
$
(718
)
 
$
520

Net cash provided by operating activities includes the following cash payments:
 
 
 
 
 
 
Interest on debt (net of capitalized interest)
$
810

 
 
$
736

 
$
265

Income taxes
4,817

 
 
4,748

 
3,132

Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts:
 
 
 
 
 
 
Proceeds and deposits related to asset sales
$
2,809

 
 
$
2,000

 
$
4,930

Returns of investment from equity affiliates
142

 
 
392

 
166

Proceeds and deposits related to asset sales and returns of investment
$
2,951

 
 
$
2,392

 
$
5,096

Net maturities (investments) of time deposits consisted of the following gross amounts:
 
 
 
 
 
 
Investments in time deposits
$
—

 
 
$
(950
)
 
$
—

Maturities of time deposits
950

 
 
—

 
—

Net maturities of (investments in) time deposits
$
950

 
 
$
(950
)
 
$
—

Net sales (purchases) of marketable securities consisted of the following gross amounts:
 
 
 
 
 
 
Marketable securities purchased
$
(1
)
 
 
$
(51
)
 
$
(3
)
Marketable securities sold
3

 
 
—

 
7

Net sales (purchases) of marketable securities
$
2

 
 
$
(51
)
 
$
4

Net repayment (borrowing) of loans by equity affiliates:
 
 
 
 
 
 
Borrowing of loans by equity affiliates
$
(1,350
)
 
 
$
—

 
$
(142
)
Repayment of loans by equity affiliates
105

 
 
111

 
126

Net repayment (borrowing) of loans by equity affiliates
$
(1,245
)
 
 
$
111

 
$
(16
)
Net borrowings (repayments) of short-term obligations consisted of the following gross and net amounts:
 
 
 
 
 
 
Proceeds from issuances of short-term obligations
$
2,586

 
 
$
2,486

 
$
5,051

Repayments of short-term obligations
(1,430
)
 
 
(4,136
)
 
(8,820
)
Net borrowings (repayments) of short-term obligations with three months or less maturity
(3,977
)
 
 
3,671

 
(1,373
)
Net borrowings (repayments) of short-term obligations
$
(2,821
)
 
 
$
2,021

 
$
(5,142
)
Net sales (purchases) of treasury shares consists of the following gross and net amounts:
 
 
 
 
 
 
Shares issued for share-based compensation plans
$
1,104

 
 
$
1,147

 
$
1,118

Shares purchased under share repurchase and deferred compensation plans
(4,039
)
 
 
(1,751
)
 
(1
)
Net sales (purchases) of treasury shares
$
(2,935
)
 
 
$
(604
)
 
$
1,117


The Consolidated Statement of Cash Flows excludes changes to the Consolidated Balance Sheet that did not affect cash.
The “Other” line in the Operating Activities section includes changes in postretirement benefits obligations and other long-term liabilities.
The Consolidated Statement of Cash Flows excludes changes to the Consolidated Balance Sheet that did not affect cash. “Depreciation, depletion and amortization,” “Deferred income tax provision,” and “Dry hole expense” collectively include approximately $9.3 billion and $1.1 billion in non-cash reductions recorded in 2019 and 2018, respectively, relating to impairments and other non-cash charges.
Refer also to Note 23, on page 89, for a discussion of revisions to the company’s AROs that also did not involve cash receipts or payments for the three years ending December 31, 2019.
The major components of “Capital expenditures” and the reconciliation of this amount to the reported capital and exploratory expenditures, including equity affiliates, are presented in the following table:
 
Year ended December 31
 
 
2019

 
 
2018

 
2017

Additions to properties, plant and equipment *
$
13,839

 
 
$
13,384

 
$
13,222

Additions to investments
140

 
 
65

 
25

Current-year dry hole expenditures
124

 
 
344

 
157

Payments for other assets and liabilities, net
13

 
 
(1
)
 
—

Capital expenditures
14,116

 
 
13,792

 
13,404

Expensed exploration expenditures
598

 
 
523

 
666

Assets acquired through finance leases and other obligations
181

 
 
75

 
8

Payments for other assets and liabilities, net
(13
)
 
 
—

 
—

Capital and exploratory expenditures, excluding equity affiliates
14,882

 
 
14,390

 
14,078

Company’s share of expenditures by equity affiliates
6,112

 
 
5,716

 
4,743

Capital and exploratory expenditures, including equity affiliates
$
20,994

 
 
$
20,106

 
$
18,821

* 
Excludes non-cash movements of $(239) in 2019, $25 in 2018 and $1,183 in 2017.
The table below quantifies the beginning and ending balances of restricted cash and restricted cash equivalents in the Consolidated Balance Sheet:
 
Year ended December 31
 
 
2019

 
 
2018

 
2017

Cash and cash equivalents
$
5,686

 
 
$
9,342

 
$
4,813

Restricted cash included in “Prepaid expenses and other current assets”
452

 
 
341

 
405

Restricted cash included in “Deferred charges and other assets”
773

 
 
798

 
725

Total cash, cash equivalents and restricted cash
$
6,911

 
 
$
10,481

 
$
5,943