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Consolidated Cash Flow Statement - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities    
Net income $ 97 $ 575
Depreciation and amortization 211 178
Asset impairments 74 0
Stock-based compensation 18 20
Deferred income taxes (27) (25)
Net losses on asset dispositions 36 5
Equity companies' earnings in excess of dividends paid (27) (26)
Operating working capital 103 (264)
Postretirement benefits (41) (21)
Other 98 (6)
Cash Provided by Operations 542 436
Investing Activities    
Capital spending (189) (215)
Investments in time deposits (83) (37)
Maturities of time deposits 19 70
Other (3) 4
Cash Used for Investing (256) (178)
Financing Activities    
Cash dividends paid (341) (329)
Change in short-term debt 249 196
Debt repayments (2) (8)
Proceeds from exercise of stock options 14 78
Acquisitions of common stock for the treasury (197) (295)
Other (6) (9)
Cash Used for Financing (283) (367)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 7 21
Change in Cash and Cash Equivalents 10 (88)
Cash and Cash Equivalents - Beginning of Period 616 923
Cash and Cash Equivalents - End of Period $ 626 $ 835