|
Statement of Cash Flows (USD $)
In Millions
|
6 Months Ended |
|
Jun. 30, 2011
|
Jun. 30, 2010
|
| Cash flows from operating activities: |
 |
 |
| Net income |
$ 1,252 |
$ 690 |
| Adjustments to reconcile net income to net cash flows from operating activities: |
 |
 |
| Depreciation, depletion, and amortization |
651 |
533 |
| Payments related to KBR TSKJ matters |
(6) |
(94) |
| Other changes: |
 |
 |
| Receivables |
(583) |
(547) |
| Accounts payable |
397 |
296 |
| Inventories |
(290) |
(162) |
| Other |
(33) |
92 |
| Total cash flows from operating activities |
1,388 |
808 |
| Cash flows from investing activities: |
 |
 |
| Capital expenditures |
(1,423) |
(855) |
| Sales of marketable securities |
701 |
550 |
| Purchases of marketable securities |
(501) |
(1,182) |
| Acquisitions of business assets, net of cash acquired |
(70) |
(190) |
| Other investing activities |
50 |
82 |
| Total cash flows from investing activities |
(1,243) |
(1,595) |
| Cash flows from financing activities: |
 |
 |
| Dividends to shareholders |
(165) |
(163) |
| Proceeds from exercises of stock options |
93 |
40 |
| Other financing activities |
(13) |
5 |
| Total cash flows from financing activities |
(85) |
(118) |
| Effect of exchange rate changes on cash |
(20) |
(17) |
| Increase (decrease) in cash and equivalents |
40 |
(922) |
| Cash and equivalents at beginning of period |
1,398 |
2,082 |
| Cash and equivalents at end of period |
1,438 |
1,160 |
| Cash payments during the period for: |
 |
 |
| Interest |
136 |
155 |
| Income taxes |
$ 536 |
$ 361 |