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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities      
Net income $ 2,986 $ 2,821 $ 2,162
Adjustments to Net income:      
Depreciation 766 850 879
Amortization of acquisition-related intangibles 319 321 336
Amortization of capitalized software 48 59 82
Stock-based compensation 286 277 287
Gains on sales of assets (85) (73) (6)
Deferred income taxes (55) (61) 50
Increase (decrease) from changes in:      
Accounts receivable 77 (49) 16
Inventories 93 (53) 26
Prepaid expenses and other current assets 94 65 (136)
Accounts payable and accrued expenses (188) (194) (284)
Accrued compensation 7 89 18
Income taxes payable 11 (81) 78
Changes in funded status of retirement plans (23) (58) 28
Other (68) (21) (152)
Cash flows from operating activities 4,268 3,892 3,384
Cash flows from investing activities      
Capital expenditures (551) (385) (412)
Proceeds from asset sales 110 142 21
Purchases of short-term investments (2,767) (3,107) (3,907)
Proceeds from short-term investments 2,892 2,966 4,249
Other 14 7 46
Cash flows from investing activities (302) (377) (3)
Cash flows from financing activities      
Proceeds from issuance of long-term debt 498 498 986
Repayment of debt (1,000) (1,000) (1,500)
Dividends paid (1,444) (1,323) (1,175)
Stock repurchases (2,741) (2,831) (2,868)
Proceeds from common stock transactions 442 616 1,314
Excess tax benefit from share-based payments 83 100 80
Other (3) (3) (7)
Cash flows from financing activities (4,165) (3,943) (3,170)
Net change in Cash and cash equivalents (199) (428) 211
Cash and cash equivalents at beginning of period 1,199 1,627 1,416
Cash and cash equivalents at end of period $ 1,000 $ 1,199 $ 1,627