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
 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash Flows From Operating Activities:    
Net income $ 2,990 $ 2,369
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 1,331 1,348
Pension and postretirement benefit expense 768 672
Pension and postretirement benefit contributions (1,397) (1,069)
Self-insurance reserves 44 17
Deferred taxes, credits and other 336 (24)
Stock compensation expense 402 349
Other (gains) losses 160 (15)
Changes in assets and liabilities, net of effect of acquisitions:    
Accounts receivable 177 (43)
Other current assets 185 81
Accounts payable (67) 62
Accrued wages and withholdings 367 390
Other current liabilities 88 (221)
Other operating activities (22) 7
Net cash from operating activities 5,362 3,923
Cash Flows From Investing Activities:    
Capital expenditures (1,557) (1,011)
Proceeds from disposals of property, plant and equipment 29 294
Purchases of marketable securities (3,830) (1,751)
Sales and maturities of marketable securities 3,357 1,718
Net decrease in finance receivables 128 76
Other investing activities (243) 181
Net cash used in investing activities (2,116) (493)
Cash Flows From Financing Activities:    
Net change in short-term debt 1,110 174
Proceeds from long-term borrowings 277 113
Repayments of long-term borrowings (180) (355)
Purchases of common stock (2,173) (599)
Issuances of common stock 220 151
Dividends (1,500) (1,363)
Other financing activities (238) (60)
Net cash used in financing activities (2,484) (1,939)
Effect Of Exchange Rate Changes On Cash And Cash Equivalents 1 (13)
Net Increase In Cash And Cash Equivalents 763 1,478
Cash And Cash Equivalents:    
Beginning of period 3,370 1,542
End of period $ 4,133 $ 3,020