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, 2017
Mar. 31, 2016
Cash Flows From Operating Activities:    
Net income $ 1,158 $ 1,131
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 554 552
Pension and postretirement benefit expense 232 267
Pension and postretirement benefit contributions (2,489) (43)
Self-insurance provision (60) (48)
Deferred tax (benefit) expense 94 5
Stock compensation expense 212 215
Other (gains) losses 9 (91)
Changes in assets and liabilities, net of effects of business acquisitions:    
Accounts receivable 1,134 1,082
Other current assets 397 135
Accounts payable (675) (571)
Accrued wages and withholdings (35) (108)
Other current liabilities (272) 136
Other current liabilities (20) 8
Net cash from operating activities 239 2,670
Cash Flows From Investing Activities:    
Capital expenditures (938) (427)
Proceeds from disposals of property, plant and equipment 11 3
Purchases of marketable securities (519) (1,599)
Sales and maturities of marketable securities 556 974
Net (increase) decrease in finance receivables (11) (20)
Cash paid for business acquisitions, net of cash and cash equivalents acquired (25) (6)
Other investing activities 6 (33)
Net cash used in investing activities (920) (1,108)
Cash Flows From Financing Activities:    
Net change in short-term debt 562 (759)
Proceeds from borrowings 1,072 1,801
Repayments of borrowings (503) (223)
Purchases of common stock (438) (640)
Issuances of common stock 74 83
Dividends (695) (666)
Other financing activities (196) (36)
Net cash used in financing activities (124) (440)
Effect Of Exchange Rate Changes On Cash And Cash Equivalents 16 35
Net Increase (Decrease) In Cash And Cash Equivalents (789) 1,157
Cash And Cash Equivalents:    
Beginning of period 3,476 2,730
End of period $ 2,687 $ 3,887