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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net income $ 1,352 $ 1,170
Adjustments to Net income:    
Depreciation 401 426
Amortization of acquisition-related intangibles 160 161
Amortization of capitalized software 26 30
Stock-based compensation 162 155
Gains on sales of assets (3) (39)
Deferred income taxes (56) (57)
Increase (decrease) from changes in:    
Accounts receivable (194) (314)
Inventories (101) (13)
Prepaid expenses and other current assets 49 (15)
Accounts payable and accrued expenses (142) (176)
Accrued compensation (169) (76)
Income taxes payable (78) (48)
Changes in funded status of retirement plans 41 41
Other (19) (8)
Cash flows from operating activities 1,429 1,237
Cash flows from investing activities    
Capital expenditures (248) (157)
Proceeds from asset sales 10 40
Purchases of short-term investments (1,254) (1,466)
Proceeds from short-term investments 1,475 2,079
Other 1 1
Cash flows from investing activities (16) 497
Cash flows from financing activities    
Proceeds from issuance of long-term debt 498 498
Repayment of debt (250) (1,000)
Dividends paid (710) (648)
Stock repurchases (1,324) (1,463)
Proceeds from common stock transactions 297 408
Excess tax benefit from share-based payments 64 64
Other (3) (4)
Cash flows from financing activities (1,428) (2,145)
Net change in Cash and cash equivalents (15) (411)
Cash and cash equivalents at beginning of period 1,199 1,627
Cash and cash equivalents at end of period $ 1,184 $ 1,216