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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 778 $ 604
Provision for losses on accounts receivable 7 7
Deferred income taxes and tax uncertainties 19 10
Depreciation and amortization 171 192
Net gains from sales of assets and divestitures (5) (22)
Impairment of goodwill, intangible and other assets 0 142
Stock-based compensation 32 36
Losses from equity method investment 0 18
Subtotal 224 383
Change in operating assets and liabilities:    
Accounts receivable (119) (172)
Inventories 18 (53)
Prepaid expenses and other assets (15) (13)
Trade accounts payable 50 4
Accrued liabilities (137) (36)
Income taxes, net (16) 39
Other non-current liabilities (13) (13)
Subtotal (232) (244)
Net cash provided by operating activities 770 743
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property, buildings, equipment and intangibles (163) (169)
Proceeds from sales of assets 16 76
Equity method proceeds (investment)   (12)
Equity method proceeds (investment) 2  
Net cash used in investing activities (145) (105)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under lines of credit 22 24
Payments against lines of credit (18) (28)
Payments of long-term debt (48) (89)
Proceeds from stock options exercised 19 179
Payments for employee taxes withheld from stock awards (10) (11)
Purchases of treasury stock (600) (283)
Cash dividends paid (242) (232)
Other, net 2 3
Net cash used in financing activities (875) (437)
Exchange rate effect on cash and cash equivalents (2) (11)
NET CHANGE IN CASH AND CASH EQUIVALENTS (252) 190
Cash and cash equivalents at beginning of year 538 327
Cash and cash equivalents at end of period $ 286 $ 517