Quarterly report pursuant to Section 13 or 15(d)

STATEMENTS OF CONSOLIDATED CASH FLOWS

v3.19.3
STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows From Operating Activities:    
Net Income $ 4,546 $ 4,338
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 1,730 1,662
Pension and postretirement benefit expense 566 461
Pension and postretirement benefit contributions (2,321) (137)
Self-insurance reserves (181) (127)
Deferred tax (benefit) expense 43 218
Stock compensation expense 716 507
Other (gains) losses 46 243
Changes in assets and liabilities, net of effects of business acquisitions:    
Accounts receivable 843 1,096
Other assets 778 1,299
Accounts payable (914) (391)
Accrued wages and withholdings (506) 200
Other liabilities 393 35
Other liabilities (46) 18
Net cash from operating activities 5,693 9,422
Cash Flows From Investing Activities:    
Capital expenditures (4,336) (4,490)
Proceeds from disposals of property, plant and equipment 61 45
Purchases of marketable securities (487) (634)
Sales and maturities of marketable securities 817 612
Net change in finance receivables 8 (7)
Cash paid for business acquisitions, net of cash and cash equivalents acquired (6) (2)
Other investing activities (84) (23)
Net cash used in investing activities (4,027) (4,499)
Cash Flows From Financing Activities:    
Net change in short-term debt (1,100) (77)
Proceeds from long-term borrowings 4,802 1,052
Repayments of long-term borrowings (2,411) (2,122)
Purchases of common stock (751) (770)
Issuances of common stock 161 176
Dividends (2,397) (2,260)
Other financing activities (158) (259)
Net cash used in financing activities (1,854) (4,260)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 6 (57)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (182) 606
Cash, Cash Equivalents and Restricted Cash:    
Beginning of period 4,367 3,769
End of period $ 4,185 $ 4,375