| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||||||
2,527 | 2,558 | 2,174 | 2,586 | 1,548 | 2,339 | 2,410 | 2,631 | 2,554 | 2,313 | 2,397 | 2,037 | 1,737 |
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations: | ||||||||||||
Depreciation and amortization | ||||||||||||
519 | 511 | 475 | 443 | 449 | 442 | 439 | 425 | 421 | 376 | 351 | 348 | 334 |
Restructuring and termination benefits, net of cash | ||||||||||||
18 | -7 | 91 | -9 | 69 | 64 | 182 | 35 | 103 | 86 | -18 | -50 | 21 |
Venezuela remeasurement charges | ||||||||||||
- | - | - | - | 34 | 327 | 172 | 0 | - | - | - | - | - |
Charge for a foreign tax matter | ||||||||||||
- | - | - | - | - | 66 | 0 | 0 | - | - | - | - | - |
Stock-based compensation expense | ||||||||||||
100 | 109 | 127 | 123 | 125 | 131 | 128 | 120 | 122 | 121 | 117 | 100 | 110 |
Gain (Loss) on Disposition of Property Plant Equipment | ||||||||||||
- | - | - | 97 | 0 | 0 | - | - | - | - | - | - | - |
Gain on sale of South Pacific laundry detergent business | ||||||||||||
- | - | - | - | 187 | 0 | 0 | - | - | - | - | - | - |
Charge for Venezuela accounting change | ||||||||||||
- | - | - | - | 1,084 | 0 | 0 | - | - | - | - | - | - |
Charge for U.S. tax reform | ||||||||||||
0 | 80 | 275 | 0 | 0 | - | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||||||
17 | 27 | 108 | 56 | -51 | 18 | 71 | 63 | 88 | 29 | -23 | -6 | -147 |
Venezuela hyperinflationary transition charge | ||||||||||||
- | - | - | - | - | - | - | - | - | 271 | 0 | 0 | - |
Termination benefits | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 | - |
Gain before tax on sales of non-core product lines | ||||||||||||
- | - | - | - | - | - | - | - | 207 | 50 | 5 | 0 | -49 |
Voluntary benefit plan contributions | ||||||||||||
113 | 67 | 81 | 53 | 0 | 2 | 101 | 101 | 178 | 35 | -73 | - | - |
Cash effects of changes in: | ||||||||||||
Receivables | ||||||||||||
-19 | 79 | 15 | 17 | 75 | 109 | 37 | -19 | 130 | -40 | -57 | -70 | -66 |
Inventories | ||||||||||||
77 | 58 | 8 | 4 | 13 | 60 | 97 | 21 | 130 | 10 | -44 | -135 | -111 |
Accounts payable and other accruals | ||||||||||||
36 | 18 | -96 | 100 | -67 | 57 | 24 | -5 | 199 | -65 | 294 | 125 | 366 |
Other non-current assets and liabilities | ||||||||||||
-87 | 36 | -4 | -13 | -33 | -25 | -13 | -30 | -54 | -135 | -136 | -47 | 57 |
Net cash provided by operations | ||||||||||||
3,133 | 3,056 | 3,054 | 3,141 | 2,949 | 3,298 | 3,204 | 3,196 | 2,896 | 3,211 | 3,277 | 2,302 | 2,252 |
Investing Activities | ||||||||||||
Capital expenditures | ||||||||||||
335 | 436 | 553 | 593 | 691 | 757 | 670 | 565 | 537 | 550 | 575 | 684 | 583 |
Sale of property and non-core product lines | ||||||||||||
1 | 1 | 44 | 0 | 9 | 24 | 15 | 72 | 263 | 42 | 17 | 58 | -110 |
Purchases of marketable securities and investments | ||||||||||||
184 | 169 | 347 | 336 | 742 | 340 | 505 | 545 | 356 | 308 | 289 | 0 | - |
Proceeds from sale of marketable securities and investments | ||||||||||||
131 | 156 | 391 | 378 | 599 | 283 | 267 | 147 | 423 | 167 | 0 | 10 | -11 |
Proceeds from sale of land in Mexico | ||||||||||||
- | - | - | 60 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from sale of South Pacific laundry detergent business | ||||||||||||
- | - | - | - | 221 | 0 | 0 | - | - | - | - | - | - |
Payment for acquisitions, net of cash acquired | ||||||||||||
1,711 | 728 | 0 | 5 | 13 | 87 | 3 | 29 | 966 | 0 | 0 | - | 27 |
Reduction in cash due to Venezuela accounting change | ||||||||||||
- | - | - | - | 75 | 0 | 0 | - | - | - | - | - | - |
Other | ||||||||||||
1 | -6 | 6 | 3 | -7 | -18 | -6 | -55 | 40 | 9 | -6 | -3 | 17 |
Net cash used in investing activities | ||||||||||||
-2,099 | -1,170 | -471 | -499 | -685 | -859 | -890 | -865 | -1,213 | -658 | -841 | -613 | -528 |
Financing Activities | ||||||||||||
Principal payments on debt | ||||||||||||
6,611 | 7,355 | 4,808 | 7,274 | 9,181 | 8,525 | 7,554 | 5,011 | 4,429 | 4,719 | 3,950 | -2,320 | -1,738 |
Proceeds from issuance of debt | ||||||||||||
8,059 | 7,176 | 4,779 | 7,438 | 9,602 | 8,960 | 7,976 | 5,452 | 5,843 | 5,015 | 3,424 | -2,515 | -1,513 |
Dividends paid | ||||||||||||
1,614 | 1,591 | 1,529 | 1,508 | 1,493 | 1,446 | 1,382 | 1,277 | 1,203 | 1,142 | 981 | -889 | -798 |
Purchases of treasury shares | ||||||||||||
1,202 | 1,238 | 1,399 | 1,335 | 1,551 | 1,530 | 1,521 | 1,943 | 1,806 | 2,020 | 1,063 | 1,073 | 1,269 |
Proceeds from exercise of stock options | ||||||||||||
498 | 329 | 507 | 446 | 347 | 371 | 339 | 478 | 353 | 242 | 300 | -237 | -489 |
Net cash provided by (used in) financing activities | ||||||||||||
-870 | -2,679 | -2,450 | -2,233 | -2,276 | -2,170 | -2,142 | -2,301 | -1,242 | -2,624 | -2,270 | -1,530 | -1,803 |
Effect of exchange rate changes on Cash and cash equivalents | ||||||||||||
-7 | -16 | 87 | -64 | -107 | -142 | -94 | -24 | -53 | -39 | -121 | -33 | 18 |
Net increase (decrease) in Cash and cash equivalents | ||||||||||||
157 | -809 | 220 | 345 | -119 | 127 | 78 | 6 | 388 | -110 | 45 | 126 | -61 |
Supplemental Cash Flow Information | ||||||||||||
Income taxes paid | ||||||||||||
803 | 847 | 1,037 | 932 | 1,259 | 1,009 | 1,087 | 1,280 | 1,007 | 1,123 | 1,098 | 862 | 647 |
Interest paid | ||||||||||||
185 | 194 | 150 | 162 | 131 | 133 | 118 | 77 | 58 | 70 | 98 | 119 | 163 |
Principal Payments On Esop Debt Guaranteed By The Company | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 74 | 64 | 54 |