CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
|
12 Months Ended |
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
| Cash flows from operating activities |
|
|
|
| Net income |
$ 2,882,000,000
|
$ 2,001,000,000
|
$ 2,213,000,000
|
| (Income) loss from discontinued operations, net of tax |
1,000,000
|
(2,000,000)
|
(1,000,000)
|
| Income from continuing operations |
2,883,000,000
|
1,999,000,000
|
2,212,000,000
|
| Adjustments to reconcile to net cash provided by (used in) operating activities from continuing operations, net of the effect of acquisitions and divestitures |
|
|
|
| Depreciation and amortization |
568,000,000
|
550,000,000
|
515,000,000
|
| Stock-based compensation |
165,000,000
|
173,000,000
|
151,000,000
|
| Gain on sale of equity method investment |
0
|
0
|
(158,000,000)
|
| Loss on repayment of long-term debt |
0
|
39,000,000
|
0
|
| Deferred income taxes |
(24,000,000)
|
252,000,000
|
133,000,000
|
| Changes in assets and liabilities |
|
|
|
| Receivables, net |
(327,000,000)
|
(157,000,000)
|
18,000,000
|
| Contract assets and contract liabilities |
28,000,000
|
88,000,000
|
(645,000,000)
|
| Inventories |
(166,000,000)
|
14,000,000
|
(10,000,000)
|
| Prepaid expenses and other current assets |
73,000,000
|
204,000,000
|
205,000,000
|
| Income taxes receivable/payable |
174,000,000
|
(193,000,000)
|
(185,000,000)
|
| Accounts payable |
406,000,000
|
(94,000,000)
|
152,000,000
|
| Accrued employee compensation |
165,000,000
|
111,000,000
|
77,000,000
|
| Other current liabilities |
(108,000,000)
|
106,000,000
|
(41,000,000)
|
| Accrued retiree benefits |
(421,000,000)
|
(250,000,000)
|
419,000,000
|
| Other, net |
12,000,000
|
(95,000,000)
|
9,000,000
|
| Net cash provided by (used in) operating activities from continuing operations |
3,428,000,000
|
2,747,000,000
|
2,852,000,000
|
| Net cash provided by (used in) operating activities from discontinued operations |
0
|
(2,000,000)
|
0
|
| Net cash provided by (used in) operating activities |
3,428,000,000
|
2,745,000,000
|
2,852,000,000
|
| Cash flows from investing activities |
|
|
|
| Additions to property, plant and equipment |
(763,000,000)
|
(543,000,000)
|
(561,000,000)
|
| Proceeds from sales of property, plant and equipment |
2,000,000
|
46,000,000
|
34,000,000
|
| Additions to capitalized internal use software |
(58,000,000)
|
(68,000,000)
|
(64,000,000)
|
| Purchases of short-term investments |
0
|
(696,000,000)
|
(472,000,000)
|
| Maturities of short-term investments |
309,000,000
|
517,000,000
|
1,184,000,000
|
| Payments for purchases of acquired companies, net of cash received |
0
|
(93,000,000)
|
(57,000,000)
|
| Proceeds from sale of business, net of transaction costs |
11,000,000
|
0
|
0
|
| Other |
(22,000,000)
|
20,000,000
|
(11,000,000)
|
| Net cash provided by (used in) investing activities |
(521,000,000)
|
(817,000,000)
|
53,000,000
|
| Cash flows from financing activities |
|
|
|
| Dividends paid |
(975,000,000)
|
(910,000,000)
|
(850,000,000)
|
| Net borrowings (payments) on commercial paper |
0
|
300,000,000
|
0
|
| Repayments of long-term debt |
0
|
(591,000,000)
|
0
|
| Loss on repayment of long-term debt |
0
|
(38,000,000)
|
0
|
| Acquisition of noncontrolling interest in RCCS LLC |
0
|
0
|
(90,000,000)
|
| Contribution from noncontrolling interest in Forcepoint |
0
|
8,000,000
|
11,000,000
|
| Other |
(5,000,000)
|
0
|
(5,000,000)
|
| Net cash provided by (used in) financing activities |
(2,398,000,000)
|
(2,116,000,000)
|
(1,930,000,000)
|
| Net increase (decrease) in cash, cash equivalents and restricted cash |
509,000,000
|
(188,000,000)
|
975,000,000
|
| Cash, cash equivalents and restricted cash at beginning of year |
3,115,000,000
|
3,303,000,000
|
2,328,000,000
|
| Cash, cash equivalents and restricted cash at end of year |
3,624,000,000
|
3,115,000,000
|
3,303,000,000
|
| Share Repurchase Program [Member] |
|
|
|
| Cash flows from financing activities |
|
|
|
| Repurchases of common stock under share repurchase programs |
(1,325,000,000)
|
(800,000,000)
|
(900,000,000)
|
| Satisfy tax withholding [Member] |
|
|
|
| Cash flows from financing activities |
|
|
|
| Repurchases of common stock under share repurchase programs |
$ (93,000,000)
|
$ (85,000,000)
|
$ (96,000,000)
|