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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities      
Net Income $ 2,021.8 $ 1,975.4 $ 1,894.4
Loss from discontinued operations 3.5 4.9 1.1
Income from continuing operations 2,025.3 1,980.3 1,895.5
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:      
Depreciation and amortization 1,758.0 1,688.2 1,684.8
Change in deferred income taxes (620.0) (524.8) (621.8)
Net gains on sale of businesses 0.0 (7.6) (895.4)
Non-cash stock-based compensation 133.5 125.0 117.1
Non-cash charges for sale of inventories revalued at the date of acquisition 75.0 6.9 303.4
Other non-cash expenses, net 66.8 67.7 38.0
Changes in assets and liabilities, excluding the effects of acquisitions and dispositions:      
Accounts receivable (352.2) (149.4) (145.4)
Inventories 97.8 (140.7) (109.8)
Other assets (152.8) (254.3) 163.1
Accounts payable 55.5 (2.7) 1.2
Other liabilities 215.6 199.7 352.1
Contributions to retirement plans (42.7) (37.5) (49.6)
Net cash provided by continuing operations 3,259.8 2,950.8 2,733.2
Net cash used in discontinued operations (2.0) (8.7) (4.3)
Net cash provided by operating activities 3,257.8 2,942.1 2,728.9
Investing Activities      
Acquisitions, net of cash acquired (5,178.4) (694.6) (13,039.3)
Proceeds from sale of businesses, net of cash divested 0.0 0.0 1,521.8
Purchase of property, plant and equipment (444.4) (422.9) (427.6)
Proceeds from sale of property, plant and equipment 26.3 18.1 49.3
Proceeds from sale of investments 81.2 12.0 88.6
Other investing activities, net (5.3) (5.8) (3.3)
Net cash used in investing activities (5,520.6) (1,093.2) (11,810.5)
Financing Activities      
Net proceeds from issuance of debt 7,604.0 1,798.0 6,592.3
Repayment of debt (4,334.2) (3,789.3) (4,466.0)
Increase (decrease) in commercial paper, net 904.1 49.5 (249.9)
Purchases of company common stock (1,250.0) (500.0) 0.0
Dividends paid (238.4) (240.6) (234.8)
Net proceeds from issuance of company common stock 0.0 0.0 2,942.0
Net proceeds from issuance of company common stock under employee stock plans 87.3 72.0 111.7
Other financing activities, net (13.7) (6.1) (8.5)
Net cash provided by (used in) financing activities 2,759.1 (2,616.5) 4,686.8
Exchange Rate Effect on Cash (151.8) (130.0) (116.8)
Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 344.5 (897.6) (4,511.6)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 466.3 1,363.9 5,875.5
Cash, Cash Equivalents and Restricted Cash at End of Period $ 810.8 $ 466.3 $ 1,363.9