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
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows From Operating Activities:    
Net income $ 2,400 $ 2,256
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 1,107 1,016
Pension and postretirement benefit expense 537 539
Pension and postretirement benefit contributions (89) (99)
Self-insurance reserves (25) (22)
Deferred taxes, credits and other (31) (140)
Stock compensation expense 346 328
Other (gains) losses (105) (51)
Change in assets and liabilities, net of effect of acquisitions    
Accounts receivable 1,054 880
Other current assets 230 301
Accounts payable (310) (558)
Accrued wages and withholdings (73) (179)
Other current liabilities (356) 14
Other operating activities 8 (46)
Net cash from operating activities 4,693 4,239
Cash Flows From Investing Activities:    
Capital expenditures (963) (958)
Proceeds from disposals of property, plant, and equipment 11 8
Purchases of marketable securities (3,131) (4,553)
Sales and maturities of marketable securities 2,340 2,840
Net decrease in finance receivables (13) (13)
Cash paid for business acquisitions (3) (90)
Other investing activities (35) (10)
Net cash (used in) investing activities (1,794) (2,776)
Cash Flows From Financing Activities:    
Net change in short-term debt (1,781) 2,319
Proceeds from long-term borrowings 2,890 1,572
Repayments of long-term borrowings (1,134) (1,488)
Purchases of common stock (1,329) (1,348)
Issuances of common stock 147 140
Dividends (1,327) (1,270)
Other financing activities (50) (177)
Net cash (used in) provided by financing activities (2,584) (252)
Effect Of Exchange Rate Changes On Cash And Cash Equivalents 14 (72)
Net Increase In Cash And Cash Equivalents 329 1,139
Cash And Cash Equivalents:    
Beginning of period 2,730 2,291
End of period $ 3,059 $ 3,430