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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities      
Net earnings $ 1,599 $ 2,083 $ 3,553
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 340 314 306
Amortization of intangible assets 472 464 417
Asset impairments 215 16 14
Share-based compensation 142 127 119
Recall charges 17 192 23
Sale of inventory stepped up to fair value at acquisition 48 67 16
Deferred income tax (benefit) expense 48 126 (1,582)
Changes in operating assets and liabilities:      
Accounts receivable 354 (563) (60)
Inventories 27 (400) (385)
Accounts payable 100 63 116
Accrued expenses and other liabilities (54) 113 289
Recall-related payments (17) (177) (90)
Income taxes (16) (105) (156)
Other, net 2 (129) 30
Net cash provided by operating activities 3,277 2,191 2,610
Investing activities      
Acquisitions, net of cash acquired (4,222) (802) (2,451)
Purchases of marketable securities (54) (74) (226)
Proceeds from sales of marketable securities 61 69 394
Purchases of property, plant and equipment (487) (649) (572)
Other investing, net 1 1 (2)
Net cash used in investing activities (4,701) (1,455) (2,857)
Financing activities      
Proceeds and payments on short-term borrowings, net (6) (7) (1)
Proceeds from issuance of long-term debt 3,292 2,642 3,126
Payments on long-term debt (2,297) (1,342) (669)
Dividends paid (863) (778) (703)
Repurchases of common stock 0 (307) (300)
Cash paid for taxes from withheld shares (110) (136) (120)
Payments to purchase noncontrolling interest 0 0 (14)
Other financing, net (27) (69) 10
Net cash provided by (used in) financing activities (11) 3 1,329
Effect of exchange rate changes on cash and cash equivalents 41 (18) (8)
Change in cash and cash equivalents (1,394) 721 1,074
Cash and cash equivalents at beginning of year 4,337 3,616 2,542
Cash and cash equivalents at end of year 2,943 4,337 3,616
Supplemental cash flow disclosure:      
Cash paid for income taxes, net of refunds 323 457 539
Cash paid for interest on debt $ 304 $ 286 $ 248