XML 24 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES    
Net earnings $ 633 $ 557
Adjustments to reconcile net earnings to operating cash flows:    
Depreciation and amortization 200 207
Stock-based compensation expense 39 30
Deferred income tax provision/(benefit) 13 (53)
Asset impairments and accelerated depreciation 80 67
Gain on equity method investment exchange   (43)
Equity method investment net earnings (66) (85)
Distributions from equity method investments 122 54
Other non-cash items, net 43 102
Change in assets and liabilities, net of acquisitions and divestitures:    
Receivables, net (454) (404)
Inventories, net (95) (77)
Accounts payable (443) (135)
Other current assets 126 14
Other current liabilities (478) (463)
Change in pension and postretirement assets and liabilities, net (277) (225)
Net cash used in operating activities (557) (454)
CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES    
Capital expenditures (306) (335)
Proceeds from sale of property, plant and equipment and other assets 19 19
Net cash used in investing activities (287) (316)
CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES    
Issuances of commercial paper, maturities greater than 90 days 626 67
Repayments of commercial paper, maturities greater than 90 days (513)  
Net issuances of other short-term borrowings 1,587 2,246
Long-term debt proceeds 350 1,149
Long-term debt repaid (979) (1,755)
Repurchase of Common Stock (461) (1,187)
Dividends paid (292) (269)
Other 60 (44)
Net cash provided by financing activities 378 207
Effect of exchange rate changes on cash and cash equivalents 32 31
Cash and cash equivalents:    
Decrease (434) (532)
Balance at beginning of period 1,741 1,870
Balance at end of period $ 1,307 $ 1,338