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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities    
Net earnings $ 468 $ 636
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 311 300
Gain from property insurance 0 (65)
Provision for deferred income taxes 11 5
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
(Increase) decrease in trade receivables (80) (213)
(Increase) decrease in inventories (148) (158)
Increase (decrease) in trade payables (88) (10)
Pension and other postretirement contributions (in excess of) less than expenses (65) (78)
Variable compensation (in excess of) less than expenses (45) (24)
Other items, net 53 15
Net cash provided by operating activities 417 408
Investing activities    
Additions to properties and equipment (198) (244)
Proceeds from property insurance 0 65
Acquisitions, net of cash acquired (19) 0
Other items, net (2) 0
Net cash used in investing activities (219) (179)
Financing activities    
Net increase (decrease) in commercial paper and other borrowings 239 268
Proceeds from borrowings 225 350
Repayment of borrowings (275) (428)
Dividends paid to stockholders (173) (160)
Treasury stock purchases (250) (250)
Dividends paid to noncontrolling interest (1) (2)
Other items, net (2) (1)
Net cash used in financing activities (237) (223)
Effect of exchange rate changes on cash and cash equivalents (1) (4)
Net change in cash and cash equivalents (40) 2
Cash and cash equivalents at beginning of period 226 191
Cash and cash equivalents at end of period $ 186 $ 193