| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows - operation activities: | ||||||||||||
Net (loss)/earnings | ||||||||||||
-636 | 10,460 | 8,458 | 5,034 | 5,176 | 5,446 | 4,585 | 3,900 | 4,018 | 3,307 | 1,312 | 2,672 | 4,074 |
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] | ||||||||||||
Share-based Payment Arrangement, Noncash Expense | ||||||||||||
212 | 202 | 202 | 190 | 189 | 195 | 206 | 193 | 186 | 215 | 238 | 209 | 287 |
Depreciation and amortization | ||||||||||||
2,271 | 2,114 | 2,047 | 1,889 | 1,833 | 1,906 | 1,844 | 1,811 | 1,675 | 1,746 | 1,459 | 1,325 | 1,334 |
Amortization of acquired intangible assets | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 207 | 166 | 152 |
Amortization of debt discount/premium and issuance costs | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 12 | 11 | -1 |
Asset Impairment Charges | ||||||||||||
443 | 93 | 113 | 90 | 167 | 229 | 96 | 84 | 119 | 174 | 151 | 50 | 51 |
Customer financing valuation adjustments | ||||||||||||
250 | -3 | 2 | -7 | -5 | -28 | -11 | -10 | -269 | 51 | 45 | 84 | -60 |
Loss on disposal of discontinued operations | ||||||||||||
- | - | - | - | - | - | -1 | -5 | 11 | -6 | -36 | 28 | 25 |
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ||||||||||||
691 | 75 | 21 | -7 | -1 | -10 | 20 | 4 | 24 | 6 | -24 | 4 | 38 |
Other charges and credits, net | ||||||||||||
-334 | -247 | -293 | -371 | -364 | -317 | -528 | -694 | -500 | -512 | 214 | 116 | 197 |
Excess tax benefits from share-based payment arrangements | ||||||||||||
- | - | - | - | 157 | 114 | 128 | 45 | 36 | 19 | 5 | 100 | 144 |
Changes in assets and liabilities - | ||||||||||||
Accounts receivable | ||||||||||||
-603 | 795 | 840 | -326 | 1,069 | 1,328 | 879 | 27 | 292 | -8 | 391 | -564 | 392 |
Unbilled receivables | ||||||||||||
-982 | 1,826 | 1,600 | -792 | - | - | - | - | - | - | - | - | - |
Advances and progress billings | ||||||||||||
737 | 2,636 | 4,700 | -1,362 | - | - | - | - | - | - | - | - | - |
Inventories | ||||||||||||
12,391 | -568 | 1,403 | -4,004 | 1,110 | 4,330 | 5,562 | 5,681 | 10,012 | 7,387 | 1,525 | 6,168 | 1,577 |
Other current assets | ||||||||||||
682 | -98 | 19 | 200 | - | - | - | - | - | - | - | - | - |
Accounts payable | ||||||||||||
1,600 | 2 | 130 | 622 | -238 | 1,339 | -298 | 1,199 | 1,164 | 313 | 1,141 | 318 | -198 |
Accrued liabilities | ||||||||||||
7,781 | 1,117 | 335 | 312 | 2 | -1,088 | 883 | 801 | 237 | 668 | 1,327 | 554 | 1,126 |
Advances and billings in excess of related costs | ||||||||||||
- | - | - | - | 1,192 | 3,145 | 3,353 | 1,177 | 3,173 | 238 | -680 | -1,120 | 2,369 |
Income taxes receivable, payable and deferred | ||||||||||||
-2,476 | -180 | 656 | -734 | 477 | 1,325 | 1,445 | 1,605 | 1,262 | 822 | -607 | -744 | -1,290 |
Other long-term liabilities | ||||||||||||
-621 | 87 | 94 | -68 | 46 | 36 | 2 | 157 | 127 | 328 | -12 | -211 | 71 |
Pension and other postretirement plans | ||||||||||||
-777 | -153 | -582 | 153 | 2,470 | 1,186 | 1,720 | 1,288 | 2,126 | 1,335 | 1,140 | 14 | -143 |
Customer financing, net | ||||||||||||
-419 | -120 | -1,041 | 662 | -167 | -578 | -391 | -407 | -6 | 717 | 104 | 432 | 1,458 |
Other | ||||||||||||
-196 | -610 | 260 | 261 | 142 | -34 | -23 | 46 | -86 | 76 | -199 | 29 | 247 |
Net Cash Provided by (Used in) Operating Activities | ||||||||||||
-2,446 | 15,322 | 13,346 | 10,496 | 9,363 | 8,858 | 8,179 | 7,508 | 4,023 | 2,952 | 5,603 | -401 | 9,584 |
Cash flows - investing activities: | ||||||||||||
Property, plant and equipment additions | ||||||||||||
1,834 | 1,722 | 1,739 | 2,613 | 2,450 | 2,236 | 2,098 | 1,703 | 1,713 | 1,125 | 1,186 | 1,674 | 1,731 |
Property, plant and equipment reductions | ||||||||||||
334 | 120 | 92 | 38 | 42 | 34 | 51 | 97 | 94 | 63 | 27 | 34 | 59 |
Acquisitions, net of cash acquired | ||||||||||||
455 | 3,230 | 324 | 297 | 31 | 163 | 26 | 124 | 42 | 932 | 639 | 964 | 75 |
Proceeds from Divestiture of Businesses | ||||||||||||
464 | - | - | - | - | - | - | - | - | - | - | - | - |
Contributions to investments | ||||||||||||
1,658 | 2,607 | 3,569 | 1,719 | 2,036 | 8,617 | 15,394 | 12,921 | 6,796 | 15,548 | 2,629 | 6,673 | 5,710 |
Proceeds from investments | ||||||||||||
1,759 | 2,898 | 3,607 | 1,206 | 2,590 | 13,416 | 12,453 | 10,901 | 10,757 | 12,425 | 1,041 | 11,343 | 3,817 |
Purchase of distribution rights | ||||||||||||
127 | 69 | 131 | - | - | - | 140 | 7 | - | 2 | - | 178 | 182 |
Other | ||||||||||||
13 | 11 | -6 | -7 | -39 | -33 | 0 | - | - | - | - | - | - |
Payments on Sea Launch guarantees | ||||||||||||
- | - | - | - | - | - | - | - | - | - | -448 | - | 0 |
Reimbursement of Sea Launch guarantee payments | ||||||||||||
- | - | - | - | - | - | - | - | - | 82 | 40 | - | 0 |
Receipt of economic development program funds | ||||||||||||
- | - | - | - | - | - | - | - | 69 | 206 | - | - | - |
Net cash used by investing activities | ||||||||||||
-1,530 | -4,621 | -2,058 | -3,378 | -1,846 | 2,467 | -5,154 | -3,757 | 2,369 | -4,831 | -3,794 | 1,888 | -3,822 |
Cash flows - financing activities: | ||||||||||||
New borrowings | ||||||||||||
25,389 | 8,548 | 2,077 | 1,325 | 1,746 | 962 | 571 | 60 | 799 | 41 | 5,961 | 13 | 40 |
Debt repayments | ||||||||||||
12,171 | 7,183 | 953 | 1,359 | 885 | 1,601 | 1,434 | 2,076 | 930 | 689 | 551 | 738 | 1,406 |
Payments to noncontrolling interest | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 40 | - | 0 |
Repayments of distribution rights and other asset financing | ||||||||||||
- | - | - | 24 | 0 | 185 | 280 | 228 | 451 | 137 | - | 357 | 0 |
Contributions from noncontrolling interests | ||||||||||||
7 | 35 | - | - | - | - | - | - | - | - | - | - | - |
Stock options exercised | ||||||||||||
58 | 81 | 311 | 321 | 399 | 343 | 1,097 | 120 | 114 | 87 | 10 | 44 | 209 |
Excess Tax Benefit from Share-based Compensation, Financing Activities | ||||||||||||
- | - | - | - | 157 | 114 | 128 | 45 | 36 | 19 | 5 | 100 | 144 |
Employee taxes on certain share-based payment arrangements | ||||||||||||
248 | 257 | 132 | 93 | 96 | 98 | 63 | 76 | 24 | 30 | 21 | -135 | 0 |
Common shares repurchased | ||||||||||||
2,651 | 9,000 | 9,236 | 7,001 | 6,751 | 6,001 | 2,801 | - | - | - | 50 | 2,937 | 2,775 |
Dividends paid | ||||||||||||
4,630 | 3,946 | 3,417 | 2,756 | 2,490 | 2,115 | 1,467 | 1,322 | 1,244 | 1,253 | 1,220 | 1,192 | 1,096 |
Proceeds from (Payments for) Other Financing Activities | ||||||||||||
-15 | - | - | - | - | -12 | 0 | - | - | - | - | - | - |
Net cash provided/(used) by financing activities | ||||||||||||
5,739 | -11,722 | -11,350 | -9,587 | -7,920 | -8,593 | -4,249 | -3,477 | -1,700 | -1,962 | 4,094 | -5,202 | -4,884 |
Effect of exchange rate changes on cash and cash equivalents, including restricted | ||||||||||||
-5 | -53 | 80 | -33 | -28 | -87 | -29 | 18 | -2 | -15 | 44 | -59 | 46 |
Net increase/(decrease) in cash & cash equivalents, including restricted | ||||||||||||
1,758 | -1,074 | 18 | -2,502 | -431 | 2,645 | -1,253 | 292 | 4,690 | -3,856 | 5,947 | -3,774 | 924 |