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, 2017
Jun. 30, 2016
Cash Flows From Operating Activities:    
Net income $ 2,542 $ 2,400
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 1,116 1,107
Pension and postretirement benefit expense 463 537
Pension and postretirement benefit contributions (2,530) (89)
Self-insurance reserves (17) (25)
Deferred tax (benefit) expense 175 (31)
Stock compensation expense 345 346
Other (gains) losses (11) (105)
Changes in assets and liabilities, net of effects of business acquisitions:    
Accounts receivable 1,138 1,054
Other current assets 440 230
Accounts payable (534) (310)
Accrued wages and withholdings (18) (73)
Other current liabilities (456) (356)
Other current liabilities (32) 8
Net cash from operating activities 2,621 4,693
Cash Flows From Investing Activities:    
Capital expenditures (2,009) (963)
Proceeds from disposals of property, plant and equipment 14 11
Purchases of marketable securities (1,084) (3,131)
Sales and maturities of marketable securities 1,111 2,340
Net (increase) decrease in finance receivables (16) (13)
Cash paid for business acquisitions, net of cash and cash equivalents acquired (57) (3)
Other investing activities 14 (35)
Net cash used in investing activities (2,027) (1,794)
Cash Flows From Financing Activities:    
Net change in short-term debt (810) (1,781)
Proceeds from borrowings 3,815 2,890
Repayments of borrowings (1,220) (1,134)
Purchases of common stock (898) (1,329)
Issuances of common stock 132 147
Dividends (1,389) (1,327)
Other financing activities (186) (50)
Net cash used in financing activities (556) (2,584)
Effect Of Exchange Rate Changes On Cash And Cash Equivalents 30 14
Net Increase (Decrease) In Cash And Cash Equivalents 68 329
Cash And Cash Equivalents:    
Beginning of period 3,476 2,730
End of period $ 3,544 $ 3,059