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, 2018
Mar. 31, 2017
Cash Flows From Operating Activities:    
Net Income $ 1,345 $ 1,166
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 596 554
Pension and postretirement benefit expense 154 232
Pension and postretirement benefit contributions (44) (2,489)
Self-insurance reserves (11) (60)
Deferred tax (benefit) expense 106 99
Stock compensation expense 239 212
Other (gains) losses 71 9
Changes in assets and liabilities, net of effects of business acquisitions:    
Accounts receivable 1,201 1,134
Other assets 1,100 383
Accounts payable (601) (673)
Accrued wages and withholdings (67) (34)
Other liabilities (24) (274)
Other liabilities 2 (20)
Net cash from operating activities 4,067 239
Cash Flows From Investing Activities:    
Capital expenditures (1,537) (938)
Proceeds from disposals of property, plant and equipment 20 11
Purchases of marketable securities (177) (509)
Sales and maturities of marketable securities 246 556
Net (increase) decrease in finance receivables 0 (11)
Cash paid for business acquisitions, net of cash and cash equivalents acquired 0 (25)
Other investing activities 2 6
Net cash used in investing activities (1,446) (910)
Cash Flows From Financing Activities:    
Net change in short-term debt 165 562
Proceeds from long-term borrowings 159 1,072
Repayments of long-term borrowings (1,656) (503)
Purchases of common stock (261) (438)
Issuances of common stock 77 74
Dividends (754) (695)
Other financing activities (280) (196)
Net cash used in financing activities (2,550) (124)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (14) 16
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 57 (779)
Cash, Cash Equivalents and Restricted Cash:    
Beginning of period 3,769 3,921
End of period $ 3,826 $ 3,142