XML 47 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:    
Income from continuing operations $ 1,858 $ 1,551
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 579 543
Deferred income taxes (36) (93)
Equity income in unconsolidated affiliates (42) (47)
Dividend from unconsolidated affiliate 73 66
Other, net 180 82
Change in operating assets and liabilities, net of acquisitions:    
Receivables (201) (365)
Inventories (817) (128)
Costs in excess of billings (76) (415)
Prepaid and other current assets (73) 2
Accounts payable 186 1
Billings in excess of costs 38 364
Income taxes payable (289) (87)
Other assets/liabilities, net 409 196
Net cash provided by continuing operating activities 1,789 1,670
Discontinued operations 89 209
Net cash provided by operating activities 1,878 1,879
Cash flows from investing activities:    
Purchases of property, plant and equipment (468) (434)
Business acquisitions, net of cash acquired (181) (2,397)
Cash distributed in spin-off (253)  
Other 117 69
Net cash used in continuing investing activities (785) (2,762)
Discontinued operations (12) (50)
Net cash used in investing activities (797) (2,812)
Cash flows from financing activities:    
Borrowings against lines of credit and other debt 153 2,357
Repayments on debt (155) (1,758)
Cash dividends paid (507) (278)
Proceeds from stock options exercised 107 25
Other 9 17
Net cash provided by (used in) continuing financing activities (393) 363
Discontinued operations      
Net cash provided by (used in) financing activities (393) 363
Effect of exchange rates on cash (33) (8)
Increase (decrease) in cash and cash equivalents 655 (578)
Cash and cash equivalents, beginning of period 3,436 3,319
Cash and cash equivalents, end of period 4,091 2,741
Cash payments during the period for:    
Interest 57 64
Income taxes $ 1,097 $ 886