v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income $ 2,771 $ 2,053
Adjustments to Net income:    
Depreciation 281 273
Amortization of acquisition-related intangibles 159 159
Amortization of capitalized software 22 23
Stock compensation 144 143
Deferred taxes (30) (45)
Increase (decrease) from changes in:    
Accounts receivable (273) (200)
Inventories (155) (157)
Prepaid expenses and other current assets 417 12
Accounts payable and accrued expenses (45) (66)
Accrued compensation (249) (225)
Income taxes payable (11) (236)
Changes in funded status of retirement plans 14 5
Other (107) (27)
Cash flows from operating activities 2,938 1,712
Cash flows from investing activities    
Capital expenditures (438) (278)
Proceeds from asset sales 0 40
Purchases of short-term investments (2,209) (1,887)
Proceeds from short-term investments 2,830 2,385
Other 2 (1)
Cash flows from investing activities 185 259
Cash flows from financing activities    
Proceeds from issuance of long-term debt 1,500 605
Repayment of debt (500) (625)
Dividends paid (1,217) (998)
Stock repurchases (1,891) (1,200)
Proceeds from common stock transactions 280 245
Other (32) (12)
Cash flows from financing activities (1,860) (1,985)
Net change in Cash and cash equivalents 1,263 (14)
Cash and cash equivalents at beginning of period 1,656 1,154
Cash and cash equivalents at end of period $ 2,919 $ 1,140