Annual report pursuant to Section 13 and 15(d)

STATEMENTS OF CONSOLIDATED CASH FLOWS

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STATEMENTS OF CONSOLIDATED CASH FLOWS (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash Flows From Operating Activities:      
Net income $ 807 $ 3,804 $ 3,338
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 1,858 1,782 1,792
Pension and postretirement benefit expense 5,753 1,660 1,136
Pension and postretirement benefit contributions (917) (1,436) (3,240)
Self-insurance reserves 156 53 45
Deferred taxes, credits and other (1,199) 241 919
Stock compensation expense 547 524 519
Other (gains) losses 186 245 (13)
Changes in assets and liabilities, net of effect of acquisitions:      
Accounts receivable (124) (657) (532)
Other current assets 10 107 (206)
Accounts payable (58) 249 265
Accrued wages and withholdings 98 339 98
Other current liabilities 206 186 (284)
Other operating activities (107) (24) (2)
Net cash from operating activities 7,216 7,073 3,835
Cash Flows From Investing Activities:      
Capital expenditures (2,153) (2,005) (1,389)
Proceeds from disposals of property, plant and equipment 95 27 304
Purchases of marketable securities (2,357) (4,903) (2,490)
Sales and maturities of marketable securities 2,985 4,490 2,520
Net decrease in finance receivables 101 184 108
Cash received (paid) for business acquisitions and dispositions (100) (73) 63
Other investing activities 94 (257) 230
Net cash used in investing activities (1,335) (2,537) (654)
Cash Flows From Financing Activities:      
Net change in short-term debt 0 (183) (481)
Proceeds from long-term borrowings 1,745 279 2,195
Repayments of long-term borrowings (16) (191) (468)
Purchases of common stock (1,621) (2,665) (817)
Issuances of common stock 301 290 218
Dividends (2,130) (1,997) (1,818)
Other financing activities (96) (395) (175)
Net cash used in financing activities (1,817) (4,862) (1,346)
Effect Of Exchange Rate Changes On Cash And Cash Equivalents 229 (10) (7)
Net Increase (Decrease) In Cash And Cash Equivalents 4,293 (336) 1,828
Cash And Cash Equivalents:      
Beginning of period 3,034 3,370 1,542
End of period 7,327 3,034 3,370
Cash Paid During The Period For:      
Interest (net of amount capitalized) 381 248 340
Income taxes $ 1,988 $ 1,527 $ 1,312