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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net income $ 3,338 $ 2,548
Adjustments to Net income:    
Depreciation 406 466
Amortization of acquisition-related intangibles 239 239
Amortization of capitalized software 35 23
Stock compensation 197 204
Deferred income taxes (47) (160)
Increase (decrease) from changes in:    
Accounts receivable (306) (274)
Inventories (118) (117)
Prepaid expenses and other current assets 43 130
Accounts payable and accrued expenses (19) 13
Accrued compensation (85) (26)
Income taxes payable (226) 153
Changes in funded status of retirement plans 36 56
Other (59) (28)
Cash flows from operating activities 3,434 3,227
Cash flows from investing activities    
Capital expenditures (464) (421)
Proceeds from asset sales 40 0
Purchases of short-term investments (3,105) (2,171)
Proceeds from short-term investments 3,305 2,625
Other (5) 2
Cash flows from investing activities (229) 35
Cash flows from financing activities    
Proceeds from issuance of long-term debt 605 499
Repayment of debt (625) (1,000)
Dividends paid (1,493) (1,147)
Stock repurchases (1,850) (1,657)
Proceeds from common stock transactions 321 415
Other (21) (3)
Cash flows from financing activities (3,063) (2,893)
Net change in Cash and cash equivalents 142 369
Cash and cash equivalents at beginning of period 1,154 1,000
Cash and cash equivalents at end of period $ 1,296 $ 1,369