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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net earnings $ 1,084 $ 1,388 $ 859
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 604 587 580
Mark-to-market pension and other postretirement benefit plans (gain) loss, net 99 (21) 97
Asset impairment charges 39 1 9
Early debt extinguishment and other related costs 7 0 85
Gains from sale of assets and businesses (4) (3) (17)
Gain from property insurance (65) 0 0
Provision for (benefit from) deferred income taxes (51) (394) 177
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:      
(Increase) decrease in trade receivables 16 (53) (29)
(Increase) decrease in inventories (224) (71) 54
Increase (decrease) in trade payables 90 123 7
Pension and other postretirement contributions in excess of expenses (152) (115) (329)
Variable compensation less than expenses 55 71 17
Other items, net 45 144 (125)
Net cash provided by operating activities 1,543 1,657 1,385
Investing activities      
Additions to properties and equipment (528) (649) (626)
Proceeds from property insurance 65 0 0
Proceeds from sale of assets and businesses 5 14 41
Acquisitions, net of cash acquired (3) (4) (26)
Other items, net (2) (4) (44)
Net cash used in investing activities (463) (643) (655)
Financing activities      
Net increase (decrease) in commercial paper and other borrowings (146) (19) (150)
Proceeds from borrowings 1,604 675 1,848
Repayment of borrowings (1,774) (1,025) (2,126)
Dividends paid to stockholders (318) (296) (272)
Treasury stock purchases (400) (350) (145)
Dividends paid to noncontrolling interests (4) (7) (8)
Other items, net (2) 16 15
Net cash used in financing activities (1,040) (1,006) (838)
Effect of exchange rate changes on cash and cash equivalents (5) 2 (4)
Net change in cash and cash equivalents 35 10 (112)
Cash and cash equivalents at beginning of period 191 181 293
Cash and cash equivalents at end of period $ 226 $ 191 $ 181