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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net earnings $ 741 $ 729
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 436 429
Mark-to-market loss on pension and other postretirement benefit plans 30 2
Asset impairment charges 0 107
Early debt extinguishment costs 9 0
Gain on sale of equity investment (17) 0
Provision for deferred income taxes 89 29
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
Increase in trade receivables (105) (54)
Decrease (increase) in inventories 12 (23)
Decrease in trade payables (66) (139)
Pension and other postretirement contributions in excess of expenses (121) (149)
Variable compensation (in excess of) less than expenses (19) 20
Other items, net 2 99
Net cash provided by operating activities 991 1,050
Investing activities    
Additions to properties and equipment (375) (426)
Proceeds from sale of assets and equity investment 41 4
Acquisitions, net of cash acquired (26) (45)
Other items, net 1 0
Net cash used in investing activities (359) (467)
Financing activities    
Net (decrease) increase in commercial paper borrowings (255) 157
Proceeds from borrowings 807 250
Repayment of borrowings (957) (675)
Dividends paid to stockholders (204) (179)
Treasury stock purchases (120) (48)
Dividends paid to noncontrolling interest (8) (6)
Proceeds from stock option exercises and other items, net 20 20
Net cash used in financing activities (717) (481)
Effect of exchange rate changes on cash and cash equivalents (1) (7)
Net change in cash and cash equivalents (86) 95
Cash and cash equivalents at beginning of period 293 214
Cash and cash equivalents at end of period $ 207 $ 309