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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net income $ 1,447 $ 1,352
Adjustments to Net income:    
Depreciation 316 401
Amortization of acquisition-related intangibles 159 160
Amortization of capitalized software 16 26
Stock-based compensation 148 162
Gains on sales of assets 0 (3)
Deferred income taxes (35) (56)
Increase (decrease) from changes in:    
Accounts receivable (176) (194)
Inventories (185) (101)
Prepaid expenses and other current assets 35 49
Accounts payable and accrued expenses (65) (142)
Accrued compensation (175) (169)
Income taxes payable 106 (78)
Changes in funded status of retirement plans 32 41
Other (7) (19)
Cash flows from operating activities 1,616 1,429
Cash flows from investing activities    
Capital expenditures (282) (248)
Proceeds from asset sales 0 10
Purchases of short-term investments (1,193) (1,254)
Proceeds from short-term investments 2,110 1,475
Other 3 1
Cash flows from investing activities 638 (16)
Cash flows from financing activities    
Proceeds from issuance of long-term debt 499 498
Repayment of debt (1,000) (250)
Dividends paid (765) (710)
Stock repurchases (1,157) (1,324)
Proceeds from common stock transactions 325 297
Excess tax benefit from share-based payments 82 64
Other (3) (3)
Cash flows from financing activities (2,019) (1,428)
Net change in Cash and cash equivalents 235 (15)
Cash and cash equivalents at beginning of period 1,000 1,199
Cash and cash equivalents at end of period $ 1,235 $ 1,184