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Consolidated Statements of Cash Flows (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 1,938$ 2,286
Adjustments to net income:  
Depreciation657639
Stock-based compensation203143
Amortization of acquisition-related intangibles2636
Gains on sales of assets(5)0
Deferred income taxes(9)(45)
Increase (decrease) from changes in:  
Accounts receivable(124)(468)
Inventories(220)(213)
Prepaid expenses and other current assets(11)(30)
Accounts payable and accrued expenses7097
Accrued compensation(142)(97)
Income taxes payable(89)182
Other(9)60
Net cash provided by operating activities2,2852,590
Cash flows from investing activities:  
Additions to property, plant and equipment(663)(898)
Proceeds from asset sales and insurance recovery160
Purchases of short-term investments(2,463)(1,811)
Sales, redemptions and maturities of short-term investments3,2542,175
Purchases of long-term investments(4)(6)
Sales and redemptions of long-term investments7590
Business acquisitions, net of cash acquired(5,390)(59)
Net cash used in investing activities(5,175)(509)
Cash flows from financing activities:  
Proceeds from issuance of debt4,6970
Issuance costs for long-term debt(12)0
Dividends paid(451)(439)
Sales and other common stock transactions563120
Excess tax benefit from share-based payments283
Stock repurchases(1,673)(1,854)
Net cash provided by (used in) financing activities3,152(2,170)
Net increase (decrease) in cash and cash equivalents262(89)
Cash and cash equivalents, beginning of period1,3191,182
Cash and cash equivalents, end of period$ 1,581$ 1,093