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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net income $ 997 $ 711
Adjustments to Net income:    
Depreciation 139 161
Amortization of acquisition-related intangibles 80 80
Amortization of capitalized software 11 8
Stock compensation 68 72
Deferred income taxes 9 24
Increase (decrease) from changes in:    
Accounts receivable (68) (100)
Inventories (53) (114)
Prepaid expenses and other current assets (71) 43
Accounts payable and accrued expenses (78) (41)
Accrued compensation (356) (322)
Income taxes payable 149 131
Changes in funded status of retirement plans (14) 18
Other (18) (18)
Cash flows from operating activities 795 653
Cash flows from investing activities    
Capital expenditures (127) (124)
Proceeds from asset sales 40 0
Purchases of short-term investments (757) (200)
Proceeds from short-term investments 1,120 900
Other (9) (3)
Cash flows from investing activities 267 573
Cash flows from financing activities    
Repayment of debt (250) 0
Dividends paid (500) (383)
Stock repurchases (550) (630)
Proceeds from common stock transactions 161 68
Other (4) 0
Cash flows from financing activities (1,143) (945)
Net change in Cash and cash equivalents (81) 281
Cash and cash equivalents at beginning of period 1,154 1,000
Cash and cash equivalents at end of period $ 1,073 $ 1,281