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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net earnings $ 854 $ 757 $ 1,172
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 571 450 433
Asset impairment charges 107 52 28
Gains on sale of assets 0 (5) 0
Provision for deferred income taxes 107 99 331
Mark-to-market (gain) loss on pension and other postretirement benefit plans 115 304 (383)
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:      
(Increase) decrease in trade receivables 114 19 (38)
(Increase) decrease in inventories (26) (61) (6)
Increase (decrease) in trade payables (102) (30) (2)
Pension and other postretirement contributions (in excess of) less than expenses (259) (165) (149)
Variable compensation (in excess of) less than expenses 71 27 82
Other items, net 60 (39) (171)
Net cash provided by operating activities 1,612 1,408 1,297
Investing activities      
Additions to properties and equipment (652) (593) (483)
Proceeds from sale of assets and investments 4 13 31
Acquisitions and investments in joint ventures, net of cash acquired (45) (3,509) 0
Other items, net 0 (2) (5)
Net cash used in investing activities (693) (4,091) (457)
Financing activities      
Net increase (decrease) in commercial paper and other borrowings 195 (190) 425
Proceeds from borrowings 250 3,565 150
Repayment of borrowings (950) (125) (1,105)
Dividends paid to stockholders (238) (210) (140)
Treasury stock purchases (103) (410) (238)
Dividends paid to noncontrolling interests (6) (9) (10)
Proceeds from stock option exercises and other items, net 20 43 59
Net cash (used in) provided by financing activities (832) 2,664 (859)
Effect of exchange rate changes on cash and cash equivalents (8) (4) 7
Net change in cash and cash equivalents 79 (23) (12)
Cash and cash equivalents at beginning of period 214 237 249
Cash and cash equivalents at end of period $ 293 $ 214 $ 237