Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CONSOLIDATED CASH FLOWS

v3.19.1
STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows From Operating Activities:    
Net Income $ 1,111 $ 1,345
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 568 596
Pension and postretirement benefit expense 188 154
Pension and postretirement benefit contributions (214) (44)
Self-insurance reserves (74) (11)
Deferred tax (benefit) expense 78 106
Stock compensation expense 308 239
Other (gains) losses 40 71
Changes in assets and liabilities, net of effects of business acquisitions:    
Accounts receivable 1,301 1,201
Other assets 128 1,100
Accounts payable (1,143) (601)
Accrued wages and withholdings (94) (67)
Other liabilities 87 (24)
Other liabilities (7) 2
Net cash from operating activities 2,277 4,067
Cash Flows From Investing Activities:    
Capital expenditures (1,514) (1,537)
Proceeds from disposals of property, plant and equipment 4 20
Purchases of marketable securities (248) (177)
Sales and maturities of marketable securities 349 246
Net (increase) decrease in finance receivables 10 0
Cash paid for business acquisitions, net of cash and cash equivalents acquired (1) 0
Other investing activities (16) 2
Net cash used in investing activities (1,416) (1,446)
Cash Flows From Financing Activities:    
Net change in short-term debt (1,217) 165
Proceeds from long-term borrowings 2,141 159
Repayments of long-term borrowings (439) (1,656)
Purchases of common stock (246) (261)
Issuances of common stock 47 77
Dividends (799) (754)
Other financing activities (182) (280)
Net cash used in financing activities (695) (2,550)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 9 (14)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 175 57
Cash, Cash Equivalents and Restricted Cash:    
Beginning of period 4,367 3,769
End of period $ 4,542 $ 3,826