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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Provided by (Used in) Operating Activities      
Net earnings (losses) $ (1,298) $ 6,967 $ 10,227
Adjustments to reconcile net earnings (losses) to operating cash flows:      
Depreciation and amortization 226 227 209
Deferred income tax provision (benefit) (95) (57) (3,126)
Earnings from equity investments (1,725) (890) (532)
(Gain) loss on ABI/SABMiller business combination 0 33 (445)
Dividends from ABI 396 657 806
Loss on Cronos-related financial instruments 1,442 0 0
Impairment of JUUL equity securities 8,600 0 0
Asset impairment and exit costs, net of cash paid 41 354 (38)
Cash effects of changes:      
Receivables (8) 0 10
Inventories 42 (129) (171)
Accounts payable (79) 27 (55)
Income taxes 89 218 (294)
Accrued liabilities and other current assets 11 (21) (85)
Accrued settlement charges (108) 980 (1,259)
Pension and postretirement plans contributions (56) (41) (294)
Pension provisions and postretirement, net (52) (13) (11)
Other, net 411 79 (41)
Net cash provided by (used in) operating activities 7,837 8,391 4,901
Cash Provided by (Used in) Investing Activities      
Capital expenditures (246) (238) (199)
Acquisitions of businesses and assets (421) (15) (415)
Investment in JUUL (5) (12,800) 0
Investment in Cronos (1,899) 0 0
Other, net 173 65 147
Net cash (used in) provided by investing activities (2,398) (12,988) (467)
Cash Provided by (Used in) Financing Activities      
Proceeds from short-term borrowings 0 12,800 0
Repayment of short-term borrowings (12,800) 0 0
Long-term debt issued 16,265 0 0
Long-term debt repaid (1,144) (864) 0
Repurchases of common stock (845) (1,673) (2,917)
Dividends paid on common stock (6,069) (5,415) (4,807)
Other, net (119) (132) (47)
Net cash used in financing activities (4,712) 4,716 (7,771)
Cash, cash equivalents and restricted cash:      
Increase (decrease) 727 119 (3,337)
Balance at beginning of year 1,433 1,314 4,651
Balance at end of year 2,160 1,433 1,314
Cash paid: Interest 1,102 704 696
Cash Paid: Income taxes 1,977 2,307 3,036
Cash, cash equivalents and restricted cash $ 2,160 $ 1,314 $ 1,314