XML 137 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities    
Net earnings $ 508 $ 471
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 291 287
Asset impairment charges 0 89
Gain on sale of equity investment (17) 0
Early debt extinguishment costs 9 0
Provision (benefit) for deferred income taxes 47 (30)
Mark-to-market loss on pension and other postretirement benefits plans 0 2
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
Increase in trade receivables (151) (103)
Decrease in inventories 41 43
Decrease in trade payables (76) (109)
Pension and other postretirement contributions in excess of expenses (43) (39)
Variable compensation in excess of expenses (67) (24)
Other items, net (1) 95
Net cash provided by operating activities 541 682
Investing activities    
Additions to properties and equipment (234) (266)
Proceeds from sale of assets and equity investment 41 4
Acquisitions, net of cash acquired (22) 0
Other items, net 3 (3)
Net cash used in investing activities (212) (265)
Financing activities    
Net (decrease) increase in commercial paper borrowings (208) 157
Proceeds from borrowings 807 250
Repayment of borrowings (807) (625)
Dividends paid to stockholders (136) (119)
Treasury stock purchases (45) (31)
Dividends paid to noncontrolling interest (4) (3)
Proceeds from stock option exercises and other items, net 12 12
Net cash used in financing activities (381) (359)
Effect of exchange rate changes on cash and cash equivalents (1) (4)
Net change in cash and cash equivalents (53) 54
Cash and cash equivalents at beginning of period 293 214
Cash and cash equivalents at end of period $ 240 $ 268