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Consolidated Cash Flow Statement - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net Income $ 1,138 $ 193
Depreciation and amortization 349 383
Stock-based compensation 45 51
Deferred income taxes 3 (346)
Equity companies' earnings (in excess of) less than dividends paid (30) (37)
(Increase) decrease in operating working capital (48) (417)
Postretirement benefits (4) 908
Adjustments related to Venezuelan operations (11) 45
Other (29) 12
Cash Provided by Operations 1,413 792
Investing Activities    
Capital spending (397) (527)
Proceeds from sales of investments 28 0
Investments in time deposits (73) (82)
Maturities of time deposits 42 91
Other 16 (8)
Cash Used for Investing (384) (526)
Financing Activities    
Cash dividends paid (650) (631)
Change in short-term debt (322) 183
Debt proceeds 796 510
Debt repayments (591) (44)
Proceeds from exercise of stock options 58 82
Acquisitions of common stock for the treasury (293) (358)
Shares purchased from noncontrolling interest 0 (151)
Other (1) 5
Cash Used for Financing (1,003) (404)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 11 (48)
Increase (Decrease) in Cash and Cash Equivalents 37 (186)
Cash and Cash Equivalents - Beginning of Period 619 789
Cash and Cash Equivalents - End of Period $ 656 $ 603