XML 17 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income $ 1,366 $ 997
Adjustments to Net income:    
Depreciation 137 139
Amortization of acquisition-related intangibles 80 80
Amortization of capitalized software 12 11
Stock compensation 70 68
Deferred taxes (31) 9
Increase (decrease) from changes in:    
Accounts receivable (176) (68)
Inventories (97) (53)
Prepaid expenses and other current assets 356 (71)
Accounts payable and accrued expenses (51) (78)
Accrued compensation (372) (356)
Income taxes payable (131) 149
Changes in funded status of retirement plans (15) (14)
Other (36) (18)
Cash flows from operating activities 1,112 795
Cash flows from investing activities    
Capital expenditures (189) (127)
Proceeds from asset sales 0 40
Purchases of short-term investments (996) (757)
Proceeds from short-term investments 1,455 1,120
Other (4) (9)
Cash flows from investing activities 266 267
Cash flows from financing activities    
Repayment of debt 0 (250)
Dividends paid (611) (500)
Stock repurchases (873) (550)
Proceeds from common stock transactions 178 161
Other (11) (4)
Cash flows from financing activities (1,317) (1,143)
Net change in Cash and cash equivalents 61 (81)
Cash and cash equivalents at beginning of period 1,656 1,154
Cash and cash equivalents at end of period $ 1,717 $ 1,073