 |
| Years ended December 31 |
|
1995 |
|
1994 |
|
1993 |
 |
| Operating |
| Net earnings |
|
$1,781 |
|
$1,560 |
|
$1,022 |
| Add (deduct) non-cash items |
 Depreciation |
|
1,919 |
|
1,525 |
|
1,170 |
| Deferred income taxes |
|
(55) |
|
(177) |
|
50 |
| Amortization of debt discount and issue costs |
|
12 |
|
22 |
|
26 |
| Gain on disposition of investments in affiliated companies |
|
(111) |
|
(9) |
|
(9) |
Change in assets and liabilities, net of effects of acquisitions
and dispositions |
| Accounts receivable, net |
|
(653) |
|
(945) |
|
(439) |
| Inventories |
|
(856) |
|
(806) |
|
(539) |
| Other current assets |
|
(100) |
|
(328) |
|
(44) |
| Accounts payable and accrued liabilities |
|
1,172 |
|
1,134 |
|
927 |
| Other assets |
|
30 |
|
595 |
|
(95) |
| Other liabilities |
|
148 |
|
(19) |
|
245 |
|
| Net cash provided by operations |
|
3,287 |
|
2,552 |
|
2,314 |
|
| Investing |
| Acquisitions and advances to affiliated companies |
|
(563) |
|
(894) |
|
(408) |
| Dispositions of investments in affiliated companies |
|
252 |
|
23 |
|
67 |
| Payments for property, plant and equipment |
|
(4,225) |
|
(3,320) |
|
(2,187) |
| Other changes to property, plant and equipment, net |
|
(11) |
|
183 |
|
126 |
| (Increase) decrease in short-term investments |
|
(32) |
|
40 |
|
(105) |
|
| Net cash used for investing activities |
|
(4,579) |
|
(3,968) |
|
(2,507) |
|
| Financing |
Net increase (decrease) in commercial paper and
short-term borrowings |
| less than 90 days |
|
686 |
|
517 |
|
(38) |
| Proceeds from issuance of debt |
|
851 |
|
32 |
|
521 |
| Repayment of debt |
|
(74) |
|
(190) |
|
(74) |
| Issuance of common stock |
|
49 |
|
1,061 |
|
113 |
| Payment of dividends |
|
(236) |
|
(149) |
|
(120) |
|
| Net cash provided by financing activities |
|
1,276 |
|
1,271 |
|
402 |
|
| Net increase (decrease) in cash and cash equivalents |
|
$(16) |
|
$(145) |
|
$209 |
|
| Cash and cash equivalents, beginning of year |
|
$741 |
|
$886 |
|
$677 |
|
| Cash and cash equivalents, end of year |
|
$725 |
|
$741 |
|
$886 |
|
|
