XML 22 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Income (loss) from continuing operations $ (767) $ 2,455 $ 2,181
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 747 778 738
Deferred income taxes (258) (300) (336)
Stock-based compensation 109 101 92
Excess tax benefit from stock-based compensation 1 (15) (20)
Equity income in unconsolidated affiliates (13) (58) (63)
Dividend from unconsolidated affiliate 34 73 66
Goodwill and intangible asset impairment 1,689 104  
Other 256 181 72
Change in operating assets and liabilities, net of acquisitions:      
Receivables 1,091 (153) (516)
Inventories 410 (710) 238
Costs in excess of billings 548 (262) (314)
Prepaid and other current assets 112 (60) 41
Accounts payable (570) 95 18
Accrued liabilities (1,137) 879 76
Billings in excess of costs (686) (59) 582
Income taxes payable (167) (124) 217
Other assets/liabilities, net (67) (400) 8
Net cash provided by continuing operating activities 1,332 2,525 3,080
Discontinued operations   89 317
Net cash provided by operating activities 1,332 2,614 3,397
Cash flows from investing activities:      
Purchases of property, plant and equipment (453) (699) (614)
Business acquisitions, net of cash acquired (86) (291) (2,397)
Cash distributed in spin-off   (253)  
Other, net 25 151 101
Net cash used in continuing investing activities (514) (1,092) (2,910)
Discontinued operations   (12) (54)
Net cash used in investing activities (514) (1,104) (2,964)
Cash flows from financing activities:      
Borrowings against lines of credit and other debt 11,377 173 2,609
Payments against lines of credit and other debt (10,615) (155) (2,609)
Cash dividends paid (710) (703) (389)
Share repurchases (2,221) (779)  
Proceeds from stock options exercised 7 108 58
Excess tax benefit from stock-based compensation (1) 15 20
Other   (2) 7
Net cash used in continuing financing activities (2,163) (1,343) (304)
Discontinued operations     (1)
Net cash used in financing activities (2,163) (1,343) (305)
Effect of exchange rates on cash (111) (67) (11)
Increase (decrease) in cash and cash equivalents (1,456) 100 117
Cash and cash equivalents, beginning of period 3,536 3,436 3,319
Cash and cash equivalents, end of period 2,080 3,536 3,436
Cash payments during the period for:      
Interest 103 102 111
Income taxes $ 782 $ 1,380 $ 1,099