| 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) Attributable to Parent | ||||||||||||
2,083 | 3,553 | 1,020 | 1,647 | 1,439 | 515 | 1,006 | 1,298 | 1,345 | 1,273 | 1,107 | 1,147 | 1,017 |
Less: Net earnings from discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 5 |
Less: Net gain on sale of discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 25 |
Net earnings from continuing operations | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 986 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ||||||||||||
Depreciation | ||||||||||||
314 | 306 | 271 | 227 | 187 | 190 | 169 | 154 | 160 | 165 | 165 | 155 | 137 |
Amortization of intangible assets | ||||||||||||
464 | 417 | 371 | 319 | 210 | 188 | 138 | 123 | 122 | 58 | 220 | 232 | 229 |
Share-based compensation | ||||||||||||
127 | 119 | 113 | 97 | 86 | 77 | 76 | 75 | 75 | 69 | 62 | 65 | 61 |
Recall charges | ||||||||||||
192 | 23 | 173 | 158 | 349 | 940 | 622 | 174 | - | - | - | - | - |
Restructuring charges | ||||||||||||
- | - | - | - | - | - | - | - | 76 | - | 67 | 34 | 0 |
Property, plant and equipment impairment | ||||||||||||
- | - | - | - | - | - | - | - | - | 124 | - | - | - |
Sale of inventory stepped-up to fair value at acquisition | ||||||||||||
67 | 16 | 22 | 36 | 7 | 27 | 28 | 18 | 143 | 7 | - | - | - |
Deferred income tax (benefit) expense | ||||||||||||
126 | -1,582 | 36 | -46 | 87 | 60 | 23 | -39 | -164 | 104 | -73 | -17 | -147 |
Intangible asset impairment | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 19 |
Provision for losses on accounts receivable | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 10 | 7 |
Income tax benefit from exercise of stock options | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 44 | 53 |
Excess income tax benefits from stock issued under employee stock plans | ||||||||||||
- | - | - | - | - | 21 | - | - | - | - | - | 33 | 43 |
Payments of restructuring charges | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 47 | 0 | 0 |
(Gain) loss on sale of property, plant and equipment | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1 | - |
Other | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1 | 8 |
Changes in operating assets and liabilities: | ||||||||||||
Accounts receivable | ||||||||||||
563 | 60 | 162 | 192 | 151 | 89 | 89 | 20 | 152 | 121 | 10 | 131 | 133 |
Inventories | ||||||||||||
400 | 385 | 320 | 299 | 115 | 173 | 77 | -18 | 166 | 131 | -34 | 180 | 89 |
Loaner instrumentation | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 188 | 181 | 184 |
Accounts payable | ||||||||||||
63 | 116 | 21 | -16 | 35 | 13 | 1 | -48 | 44 | 96 | -80 | 10 | 11 |
Accrued expenses and other liabilities | ||||||||||||
113 | 289 | 90 | 241 | 129 | 92 | 41 | 9 | 158 | 91 | 66 | 54 | 20 |
Recall-related payments | ||||||||||||
-177 | -90 | -526 | -190 | -1,206 | -98 | -6 | -3 | - | - | - | - | - |
Income taxes | ||||||||||||
-105 | -156 | 704 | -128 | -238 | 133 | -124 | -159 | -95 | -24 | 192 | -29 | 83 |
Other, net | ||||||||||||
113 | -44 | 254 | -61 | -162 | 72 | -78 | -57 | 112 | -44 | 54 | 6 | -18 |
Net cash used in discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | -9 |
Net cash provided by operating activities | ||||||||||||
2,191 | 2,610 | 1,559 | 1,915 | 981 | 1,782 | 1,886 | 1,657 | 1,434 | 1,547 | 1,461 | 1,175 | 1,028 |
Investing activities | ||||||||||||
Acquisitions, net of cash acquired | ||||||||||||
802 | 2,451 | 831 | 4,332 | 153 | 916 | 2,320 | 154 | 2,066 | 265 | 570 | 14 | 54 |
Proceeds from sale of discontinued operations, net of cash divested | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 144 |
Purchases of marketable securities | ||||||||||||
74 | 226 | 270 | 151 | 1,715 | 4,365 | 4,558 | 3,480 | 6,779 | 5,619 | 4,602 | 16,832 | 14,851 |
Proceeds from sales of marketable securities | ||||||||||||
69 | 394 | 87 | 785 | 4,094 | 3,636 | 4,856 | 3,108 | 6,869 | 5,210 | 3,974 | 17,303 | 13,772 |
Purchases of property, plant and equipment | ||||||||||||
649 | 572 | 598 | 490 | 270 | 233 | 195 | 210 | 226 | 182 | 131 | 155 | 187 |
Other investing, net | ||||||||||||
-1 | 2 | 1 | 3 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from sales of property, plant and equipment | ||||||||||||
- | - | - | - | - | - | - | - | 67 | 61 | 1 | 8 | 0 |
Net cash used by discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | -1 |
Net cash used in investing activities | ||||||||||||
-1,455 | -2,857 | -1,613 | -4,191 | 1,956 | -1,878 | -2,217 | -736 | -2,135 | -795 | -1,328 | 310 | -1,178 |
Financing activities | ||||||||||||
Proceeds (payments) on short-term borrowings, net | ||||||||||||
-7 | -1 | -200 | 209 | - | - | - | - | - | - | - | - | - |
Proceeds from borrowings | ||||||||||||
- | - | - | - | 1,576 | 1,601 | 369 | 178 | 178 | 100 | 17 | 26 | 103 |
Payments on borrowings | ||||||||||||
- | - | - | - | 2,272 | 1,428 | 355 | 182 | 190 | 81 | 20 | 19 | 102 |
Proceeds from issuance of long-term debt | ||||||||||||
2,642 | 3,126 | 499 | 3,453 | 744 | 986 | 991 | - | 749 | 996 | - | - | - |
Payments on long-term debt | ||||||||||||
1,342 | 669 | 0 | 750 | - | - | - | - | - | - | - | - | - |
Dividends paid | ||||||||||||
778 | 703 | 636 | 568 | 521 | 462 | 401 | 324 | 279 | 238 | 198 | 135 | 89 |
Proceeds from exercise of stock options | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 50 | 69 |
Repurchases of common stock | ||||||||||||
307 | 300 | 230 | 13 | 700 | 100 | 317 | 108 | 622 | 426 | - | 1,000 | 0 |
Cash paid for taxes from withheld shares | ||||||||||||
136 | 120 | 95 | 67 | 56 | 21 | - | - | - | - | - | 33 | 43 |
Payments to purchase noncontrolling interest | ||||||||||||
0 | 14 | 99 | 0 | 0 | - | - | - | - | - | - | - | - |
Other financing, net | ||||||||||||
-69 | 10 | -33 | -6 | 6 | 11 | 13 | -13 | 3 | 59 | 8 | -1 | -10 |
Net cash provided by (used in) financing activities | ||||||||||||
3 | 1,329 | -794 | 2,258 | -1,223 | 629 | 300 | -449 | -161 | 410 | -193 | -1,046 | 13 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||||
-18 | -8 | 74 | -45 | -130 | -77 | -25 | 18 | 9 | -63 | 18 | -29 | 10 |
Change in cash and cash equivalents | ||||||||||||
721 | 1,074 | -774 | -63 | 1,584 | 456 | -56 | 490 | -853 | 1,099 | -42 | 410 | -126 |
Supplemental cash flow disclosure: | ||||||||||||
Cash paid for income taxes, net of refunds | ||||||||||||
457 | 539 | 312 | 510 | 497 | 437 | 321 | 599 | 574 | 579 | 406 | - | - |
Interest Paid, Excluding Capitalized Interest, Operating Activities | ||||||||||||
286 | 248 | 231 | 180 | 101 | 102 | 88 | - | - | - | - | - | - |