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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net earnings $ 279 $ 251
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 145 147
Provision for deferred income taxes 31 9
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
(Increase) decrease in trade receivables (149) (144)
(Increase) decrease in inventories (82) (2)
Increase (decrease) in trade payables (26) (62)
Pension and other postretirement contributions (in excess of) less than expenses (36) (23)
Variable compensation (in excess of) less than expenses (84) (109)
Other items, net (26) (16)
Net cash provided by operating activities 52 51
Investing activities    
Additions to properties and equipment (133) (110)
Proceeds from sale of assets 1 6
Acquisitions, net of cash acquired (4) (21)
Other items, net 0 (1)
Net cash used in investing activities (136) (126)
Financing activities    
Net increase in commercial paper and other borrowings 0 82
Proceeds from borrowings 250 0
Repayment of borrowings 0 (10)
Dividends paid to stockholders (75) (68)
Treasury stock purchases (75) (20)
Proceeds from stock option exercises and other items, net 2 0
Net cash provided by (used in) financing activities 102 (16)
Effect of exchange rate changes on cash and cash equivalents (2) 0
Net change in cash and cash equivalents 16 (91)
Cash and cash equivalents at beginning of period 181 293
Cash and cash equivalents at end of period $ 197 $ 202