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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net income $ 2,150 $ 1,996
Adjustments to Net income:    
Depreciation 594 639
Amortization of acquisition-related intangibles 240 241
Amortization of capitalized software 38 45
Stock-based compensation 228 217
Gains on sales of assets (3) (44)
Deferred income taxes (106) (84)
Increase (decrease) from changes in:    
Accounts receivable (241) (272)
Inventories 13 (20)
Prepaid expenses and other current assets 89 81
Accounts payable and accrued expenses (190) (224)
Accrued compensation (37) 51
Income taxes payable 21 (90)
Changes in funded status of retirement plans 65 73
Other (23) 11
Cash flows from operating activities 2,838 2,620
Cash flows from investing activities    
Capital expenditures (387) (260)
Proceeds from asset sales 10 46
Purchases of short-term investments (1,713) (2,170)
Proceeds from short-term investments 2,455 2,491
Other 8 7
Cash flows from investing activities 373 114
Cash flows from financing activities    
Proceeds from issuance of long-term debt 498 498
Repayment of debt (1,000) (1,000)
Dividends paid (1,058) (967)
Stock repurchases (2,114) (2,133)
Proceeds from common stock transactions 332 476
Excess tax benefit from share-based payments 68 75
Other (3) (4)
Cash flows from financing activities (3,277) (3,055)
Net change in Cash and cash equivalents (66) (321)
Cash and cash equivalents at beginning of period 1,199 1,627
Cash and cash equivalents at end of period $ 1,133 $ 1,306