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
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash Flows From Operating Activities:    
Net income $ 2,086 $ 2,007
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 918 884
Pension and postretirement benefit expense 473 419
Pension and postretirement benefit contributions (450) (1,296)
Self-insurance reserves 70 42
Deferred taxes, credits and other (148) 242
Stock compensation expense 295 272
Other (gains) losses 115 91
Change in assets and liabilities, net of effect of acquisitions    
Accounts receivable 490 185
Other current assets (50) 105
Accounts payable (163) (23)
Accrued wages and withholdings (34) 169
Other current liabilities 304 221
Other operating activities (56) (4)
Net cash from operating activities 3,850 3,314
Cash Flows From Investing Activities:    
Capital expenditures (949) (951)
Proceeds from disposals of property, plant, and equipment 32 22
Purchases of marketable securities (1,940) (2,306)
Sales and maturities of marketable securities 2,604 2,208
Net decrease in finance receivables 42 81
Cash paid for business acquisitions (100) 0
Other investing activities 4 (123)
Net cash used in investing activities (307) (1,069)
Cash Flows From Financing Activities:    
Net change in short-term debt 1,877 1,172
Proceeds from long-term borrowings 4 169
Repayments of long-term borrowings (8) (179)
Purchases of common stock (885) (1,052)
Issuances of common stock 194 163
Dividends (1,068) (1,007)
Other financing activities 44 (237)
Net cash used in financing activities 158 (971)
Effect Of Exchange Rate Changes On Cash And Cash Equivalents (17) 47
Net Increase In Cash And Cash Equivalents 3,684 1,321
Cash And Cash Equivalents:    
Beginning of period 3,034 3,370
End of period $ 6,718 $ 4,691