XML 76 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CASH PROVIDED BY / (USED IN) OPERATING ACTIVITIES      
Net earnings $ 3,935 $ 3,094 $ 3,574
Adjustments to reconcile net earnings to operating cash flows:      
Depreciation and amortization 1,077 1,345 1,485
Stock-based compensation expense 128 162 181
Deferred income tax (benefit) / provision (64) 369 (351)
Net gain on acquisition and divestitures (30) (107)  
Asset impairments 97 126  
Benefit from indemnification resolution (385)    
Loss on extinguishment of debt 608    
Other non-cash items, net (19) 44 82
Change in assets and liabilities, net of acquisitions and divestitures:      
Receivables, net 492 (599) (115)
Inventories, net (116) (129) (556)
Accounts payable 793 505 300
Other current assets (42) 217 (374)
Other current liabilities 62 (1,160) 648
Change in pension and postretirement assets and liabilities, net (126) 56 (354)
Net cash provided by operating activities 6,410 3,923 4,520
CASH PROVIDED BY / (USED IN) INVESTING ACTIVITIES      
Capital expenditures (1,622) (1,610) (1,771)
Acquisitions, net of cash received (119)    
Proceeds from divestitures, net of disbursements 60 200  
Cash received from / (transferred to) Kraft Foods Group related to the Spin-Off 55 (410)  
Proceeds from sale of property, plant and equipment and other 143 133 43
Net cash used in investing activities (1,483) (1,687) (1,728)
CASH PROVIDED BY / (USED IN) FINANCING ACTIVITIES      
Issuances of commercial paper, maturities greater than 90 days 1,329 1,579 1,125
Repayments of commercial paper, maturities greater than 90 days (607) (1,581) (1,228)
Net issuance / (repayments) of other short-term borrowings, net 655 95 (462)
Long-term debt proceeds 3,248 6,775 36
Long-term debt repaid (7,559) (4,495) (1,114)
Repurchase of Common Stock (2,900)    
Dividends paid (943) (2,058) (2,043)
Other 132 (111) 511
Net cash (used in) / provided by financing activities (6,645) 204 (3,175)
Effect of exchange rate changes on cash and cash equivalents (93) 61 (124)
Cash and cash equivalents:      
Increase / (decrease) (1,811) 2,501 (507)
Balance at beginning of period 4,475 1,974 2,481
Balance at end of period 2,664 4,475 1,974
Cash paid:      
Interest 1,124 2,406 2,031
Income taxes $ 760 $ 1,057 $ 932