XML 23 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net earnings $ 823 $ 623 $ 633
Provision for losses on accounts receivable 7 16 16
Deferred income taxes and tax uncertainties 7 (5) (6)
Depreciation and amortization 257 264 249
Impairment of goodwill, intangible and other assets 156 28 52
Net (gains) losses from sales of assets and business divestitures (25) (9) (19)
Stock-based compensation 47 33 36
Losses from equity method investment 19 37 31
Change in assets and liabilities – net of business acquisitions and divestitures:      
Accounts receivable (79) (103) (46)
Inventories (129) (5) (4)
Prepaid expenses and other assets (2) (5) 19
Trade accounts payable (51) 72 73
Accrued liabilities 18 113 (4)
Income taxes payable 36 4 (4)
Employment-related and other liabilities (35) (6) 8
Other – net 8 0 (10)
Net cash provided by operating activities 1,057 1,057 1,024
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to property, buildings and equipment and intangibles (239) (237) (284)
Proceeds from sales of assets and business divestitures 86 120 55
Equity method investment (13) (35) (34)
Other – net 0 6 1
Net cash used in investing activities (166) (146) (262)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Net (decrease) increase in commercial paper 0 (370) 40
Borrowings under lines of credit 26 74 36
Payments against lines of credit (31) (43) (37)
Proceeds from issuance of long-term debt 0 401 516
Payments of long-term debt (96) (39) (263)
Proceeds from stock options exercised 181 47 34
Payments for employee taxes withheld from stock awards (12) (28) (21)
Excess tax benefits from stock-based compensation 0 0 12
Purchase of treasury stock (425) (605) (790)
Cash dividends paid (316) (304) (303)
Other – net 3 0 0
Net cash used in financing activities (670) (867) (776)
Exchange rate effect on cash and cash equivalents (10) 9 (2)
NET CHANGE IN CASH AND CASH EQUIVALENTS: 211 53 (16)
Cash and cash equivalents at beginning of year 327 274 290
Cash and cash equivalents at end of year 538 327 274
Supplemental cash flow information:      
Cash payments for interest (net of amounts capitalized) 86 78 63
Cash payments for income taxes $ 229 $ 335 $ 360