Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CONSOLIDATED CASH FLOWS

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STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows From Operating Activities:    
Net income $ 1,131 $ 1,026
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 552 506
Pension and postretirement benefit expense 267 270
Pension and postretirement benefit contributions (43) (47)
Self-insurance reserves (48) (30)
Deferred taxes, credits and other 5 (49)
Stock compensation expense 215 194
Other (gains) losses (91) (5)
Change in assets and liabilities, net of effect of acquisitions    
Accounts receivable 1,082 763
Other current assets 135 219
Accounts payable (571) (571)
Accrued wages and withholdings (108) (184)
Other current liabilities 136 665
Other operating activities 8 (6)
Net cash from operating activities 2,670 2,751
Cash Flows From Investing Activities:    
Capital expenditures (427) (365)
Proceeds from disposals of property, plant, and equipment 3 2
Purchases of marketable securities (1,599) (1,909)
Sales and maturities of marketable securities 974 943
Net decrease in finance receivables (20) (9)
Cash paid for business acquisitions (6) (10)
Other investing activities (33) (9)
Net cash (used in) investing activities (1,108) (1,357)
Cash Flows From Financing Activities:    
Net change in short-term debt (759) 1,463
Proceeds from long-term borrowings 1,801 1,566
Repayments of long-term borrowings (223) (685)
Purchases of common stock (640) (676)
Issuances of common stock 83 72
Dividends (666) (636)
Other financing activities (36) (205)
Net cash (used in) provided by financing activities (440) 899
Effect Of Exchange Rate Changes On Cash And Cash Equivalents 35 (102)
Net Increase In Cash And Cash Equivalents 1,157 2,191
Cash And Cash Equivalents:    
Beginning of period 2,730 2,291
End of period $ 3,887 $ 4,482