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, 2018
Jun. 30, 2017
Cash Flows From Operating Activities:    
Net Income $ 2,830 $ 2,550
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 1,138 1,116
Pension and postretirement benefit expense 308 463
Pension and postretirement benefit contributions (92) (2,530)
Self-insurance reserves (66) (17)
Deferred tax (benefit) expense 142 180
Stock compensation expense 378 345
Other (gains) losses 180 (11)
Changes in assets and liabilities, net of effects of business acquisitions:    
Accounts receivable 1,270 1,138
Other assets 1,345 420
Accounts payable (260) (530)
Accrued wages and withholdings (9) (13)
Other liabilities 22 (458)
Other liabilities 14 (32)
Net cash from operating activities 7,200 2,621
Cash Flows From Investing Activities:    
Capital expenditures (2,849) (2,009)
Proceeds from disposals of property, plant and equipment 35 14
Purchases of marketable securities (446) (1,082)
Sales and maturities of marketable securities 453 1,111
Net (increase) decrease in finance receivables (4) (16)
Cash paid for business acquisitions, net of cash and cash equivalents acquired (2) (57)
Other investing activities (7) 14
Net cash used in investing activities (2,820) (2,025)
Cash Flows From Financing Activities:    
Net change in short-term debt 68 (810)
Proceeds from long-term borrowings 513 3,815
Repayments of long-term borrowings (2,014) (1,220)
Purchases of common stock (521) (898)
Issuances of common stock 125 132
Dividends (1,507) (1,389)
Other financing activities (271) (186)
Net cash used in financing activities (3,607) (556)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (51) 30
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 722 70
Cash, Cash Equivalents and Restricted Cash:    
Beginning of period 3,769 3,921
End of period $ 4,491 $ 3,991