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, unless otherwise specified
 3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash Flows From Operating Activities:    
Net income $ 970 $ 915
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 459 441
Pension and postretirement benefit expense 238 210
Pension and postretirement benefit contributions (220) (1,252)
Self-insurance reserves 11 (6)
Deferred taxes, credits and other (92) 128
Stock compensation expense 162 120
Other (gains) losses 80 23
Change in assets and liabilities, net of effect of acquisitions    
Accounts receivable 585 312
Other current assets (34) 137
Accounts payable (276) (81)
Accrued wages and withholdings 43 144
Other current liabilities 377 182
Other operating activities (23) 8
Net cash from operating activities 2,280 1,281
Cash Flows From Investing Activities:    
Capital expenditures (428) (402)
Proceeds from disposals of property, plant, and equipment 19 11
Purchases of marketable securities (1,160) (1,042)
Sales and maturities of marketable securities 1,462 1,141
Net decrease in finance receivables 24 26
Cash paid for business acquisitions (100) 0
Other investing activities (76) (16)
Net cash used in investing activities (259) (282)
Cash Flows From Financing Activities:    
Net change in short-term debt 885 1,297
Proceeds from long-term borrowings 4 12
Repayments of long-term borrowings 0 (113)
Purchases of common stock (547) (505)
Issuances of common stock 131 104
Dividends (534) (503)
Other financing activities 112 (45)
Net cash used in financing activities 51 247
Effect Of Exchange Rate Changes On Cash And Cash Equivalents 27 41
Net Increase In Cash And Cash Equivalents 2,099 1,287
Cash And Cash Equivalents:    
Beginning of period 3,034 3,370
End of period $ 5,133 $ 4,657