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, 2015
Jun. 30, 2014
Cash Flows From Operating Activities:    
Net income $ 2,256 $ 1,365
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 1,016 941
Pension and postretirement benefit expense 539 1,523
Pension and postretirement benefit contributions (99) (115)
Settlement of postretirement benefit obligation 0 (1,995)
Self-insurance reserves (22) (77)
Deferred taxes, credits and other (140) (192)
Stock compensation expense 328 306
Other (gains) losses (51) 144
Change in assets and liabilities, net of effect of acquisitions    
Accounts receivable 880 585
Other current assets 301 (269)
Accounts payable (558) (357)
Accrued wages and withholdings (179) (241)
Other current liabilities 14 207
Other operating activities (46) 7
Net cash from operating activities 4,239 1,832
Cash Flows From Investing Activities:    
Capital expenditures (958) (813)
Proceeds from disposals of property, plant, and equipment 8 10
Purchases of marketable securities (4,553) (1,813)
Sales and maturities of marketable securities 2,840 854
Net decrease in finance receivables (13) 13
Cash paid for business acquisitions (90) (22)
Other investing activities (10) (31)
Net cash (used in) investing activities (2,776) (1,802)
Cash Flows From Financing Activities:    
Net change in short-term debt 2,319 1,096
Proceeds from long-term borrowings 1,572 764
Repayments of long-term borrowings (1,488) (1,020)
Purchases of common stock (1,348) (1,379)
Issuances of common stock 140 149
Dividends (1,270) (1,192)
Other financing activities (177) (50)
Net cash (used in) financing activities (252) (1,632)
Effect Of Exchange Rate Changes On Cash And Cash Equivalents (72) (7)
Net Increase In Cash And Cash Equivalents 1,139 (1,609)
Cash And Cash Equivalents:    
Beginning of period 2,291 4,665
End of period $ 3,430 $ 3,056