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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating activities    
Net earnings $ 729 $ 740
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 429 328
Asset impairment charges 107 50
Gain on sale of assets 0 (5)
Provision for deferred income taxes 29 58
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
(Increase) decrease in trade receivables (54) (118)
(Increase) decrease in inventories (23) (76)
Increase (decrease) in trade payables (139) (12)
Pension and other postretirement contributions (in excess of) less than expenses (147) (76)
Variable compensation (in excess of) less than expenses 20 (8)
Other items, net 99 68
Net cash provided by operating activities 1,050 949
Investing activities    
Additions to properties and equipment (426) (406)
Proceeds from sale of assets 4 13
Acquisitions, net of cash acquired (45) (325)
Additions to capitalized software (2) (2)
Other items, net 2 2
Net cash used in investing activities (467) (718)
Financing activities    
Net increase (decrease) in commercial paper borrowings 157 (185)
Proceeds from borrowings 250 615
Repayment of borrowings (675) (125)
Dividends paid to stockholders (179) (159)
Treasury stock purchases (48) (410)
Dividends paid to noncontrolling interest (6) (9)
Proceeds from stock option exercises and other items, net 20 22
Net cash used in financing activities (481) (251)
Effect of exchange rate changes on cash and cash equivalents (7) (5)
Net change in cash and cash equivalents 95 (25)
Cash and cash equivalents at beginning of period 214 237
Cash and cash equivalents at end of period $ 309 $ 212