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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net earnings $ 609 $ 742
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:    
Depreciation and amortization 487 496
Changes in assets and liabilities:    
Accounts receivable (259) (438)
Inventories (589) (518)
Accounts payable 107 (187)
Accrued advertising and promotions 18 (38)
Accrued expenses and current liabilities (154) 72
Taxes deferred and payable, net (144) (149)
Accrued pension and postretirement benefits (85) (53)
Employee compensation 49 (30)
Other (72) (72)
Cash used in operating activities (33) (175)
Investing activities    
Capital expenditures (371) (360)
Proceeds from sale of assets and business 5 55
Change in restricted cash 51 14
Investment in related businesses (35) (10)
Other 1 (2)
Cash used in investing activities (349) (303)
Financing activities    
Proceeds from borrowings of long-term debt 0 491
Repayments of long-term debt (261) (507)
Net proceeds from short-term borrowings 1,365 1,369
Dividends paid (235) (221)
Repurchase of common stock (550) (425)
Common stock issued 33 24
Other (17) (2)
Cash provided by financing activities 335 729
Effect of exchange rate changes on cash and cash equivalents 49 2
Increase in cash and cash equivalents 2 253
Cash and cash equivalents at beginning of period 1,085 772
Cash and cash equivalents at end of period $ 1,087 $ 1,025