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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES      
Net earnings $ 2,936 $ 1,669 $ 7,291
Adjustments to reconcile net earnings to operating cash flows:      
Depreciation and amortization 816 823 894
Stock-based compensation expense 137 140 136
U.S. tax reform transition tax 1,317 0 0
Deferred income tax benefit (1,206) (141) (30)
Asset impairments and accelerated depreciation 334 446 345
Loss on early extinguishment of debt 11 428 748
Loss on deconsolidation of Venezuela 0 0 778
Gains on divestitures and JDE coffee business transactions (186) (9) (6,822)
JDE coffee business transactions currency-related net gains 0 0 (436)
Gain on equity method investment transactions (40) (43) 0
Equity method investment net earnings [1] (460) (301) (56)
Distributions from equity method investments 152 75 58
Other non-cash items, net (225) (43) 199
Change in assets and liabilities, net of acquisitions and divestitures:      
Receivables, net (24) 31 44
Inventories, net (18) 62 (49)
Accounts payable 5 409 659
Other current assets 14 (176) 28
Other current liabilities (637) 60 152
Change in pension and postretirement assets and liabilities, net (333) (592) (211)
Net cash provided by operating activities 2,593 2,838 3,728
CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES      
Capital expenditures (1,014) (1,224) (1,514)
Proceeds from JDE coffee business transactions currency hedge settlements 0 0 1,050
Acquisitions, net of cash received 0 (246) (527)
Proceeds from divestitures, net of disbursements 604 303 4,735
Reduction of cash due to Venezuela deconsolidation 0 0 (611)
Capital contribution to JDE 0 0 (544)
Proceeds from sale of property, plant and equipment and other assets 109 138 60
Net cash (used in)/provided by investing activities (301) (1,029) 2,649
CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES      
Issuances of commercial paper, maturities greater than 90 days 1,808 1,540 613
Repayments of commercial paper, maturities greater than 90 days (1,911) (1,031) (710)
Net issuances/(repayments) of other short-term borrowings 1,027 1,741 (931)
Long-term debt proceeds 350 5,640 4,624
Long-term debt repaid (1,470) (6,186) (4,975)
Repurchase of Common Stock (2,174) (2,601) (3,622)
Dividends paid (1,198) (1,094) (1,008)
Other 207 129 126
Net cash used in financing activities (3,361) (1,862) (5,883)
Effect of exchange rate changes on cash and cash equivalents 89 (76) (255)
Cash and cash equivalents:      
(Decrease)/increase (980) (129) 239
Balance at beginning of period 1,741 1,870 1,631
Balance at end of period 761 1,741 1,870
Cash paid:      
Interest 398 630 747
Income taxes $ 848 $ 527 $ 745
[1] Historically, we have recorded income from equity method investments within our operating income as these investments operated as extensions of our base business. Beginning in the third quarter of 2015, to align with the accounting for JDE earnings, we began to record the earnings from our equity method investments in after-tax equity method investment earnings outside of operating income. For the six months ended December 31, 2015, after-tax equity method investment net earnings were less than $1 million on a combined basis. Earnings from equity method investments recorded within segment operating income were $56 million for the six months ended July 2, 2015. See Note 1, Summary of Significant Accounting Policies - Principles of Consolidation, for additional information.