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, 2011
Jun. 30, 2010
Cash Flows From Operating Activities:    
Net income $ 1,948 $ 1,378
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 884 900
Pension and postretirement benefit expense 512 448
Pension and postretirement benefit contributions (1,296) (812)
Self-insurance reserves 42 46
Deferred taxes, credits and other 208 35
Stock compensation expense 272 238
Other losses 91 128
Changes in assets and liabilities, net of effect of acquisitions:    
Accounts receivable 185 42
Other current assets 105 (18)
Accounts payable (23) (1)
Accrued wages and withholdings 169 512
Other current liabilities 221 111
Other operating activities (4) 5
Net cash from operating activities 3,314 3,012
Cash Flows From Investing Activities:    
Capital expenditures (951) (664)
Proceeds from disposals of property, plant and equipment 22 40
Purchases of marketable securities (2,306) (1,024)
Sales and maturities of marketable securities 2,208 898
Net decrease in finance receivables 81 46
Other investing activities (123) 96
Net cash used in investing activities (1,069) (608)
Cash Flows From Financing Activities:    
Net change in short-term debt 1,172 826
Proceeds from long-term borrowings 169 54
Repayments of long-term borrowings (179) (219)
Purchases of common stock (1,052) (443)
Issuances of common stock 163 106
Dividends (1,007) (911)
Other financing activities (237) (59)
Net cash used in financing activities (971) (646)
Effect Of Exchange Rate Changes On Cash And Cash Equivalents 47 (48)
Net Increase In Cash And Cash Equivalents 1,321 1,710
Cash And Cash Equivalents:    
Beginning of period 3,370 1,542
End of period $ 4,691 $ 3,252