v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating activities    
Net income $ 877 $ 693
Adjustments to reconcile to net cash provided by operating activities    
Depreciation and amortization 490 278
Pension expense 148 136
Contributions to pension plans (244) (355)
Contributions to other postretirement benefits plans (29) (35)
Changes in working capital (647) (444)
Other - net 114 98
Net cash provided by operating activities 709 371
Investing activities    
Cash paid for acquisitions of businesses (11) (365)
Capital expenditures for property, plant and equipment (251) (231)
Sales of short-term investments - net 148 35
Proceeds from sale of business 761 3
Other - net (41) (24)
Net cash provided by (used in) investing activities 606 (582)
Financing activities    
Proceeds from borrowings 28 600
Payments on borrowings (977) (18)
Cash dividends paid (397) (255)
Exercise of employee stock options 78 44
Excess tax benefit from equity-based compensation 22 21
Other - net (4) (47)
Net cash (used in) provided by financing activities (1,250) 345
Total increase (decrease) in cash 51 140
Effect of currency on cash (14) 6
Cash at the beginning of the period 577 385
Cash at the end of the period $ 628 $ 525