 |
 |
| Consolidated Statements of Cash
Flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
| (Dollars in millions) |
December 31, |
|
 |
2001 |
|
2000 |
|
1999 |
|
 |
|
| Cash flows
– operating activities: |
| Net earnings |
| Adjustments to reconcile net earnings
to net cash provided by operating activities: |
| Cumulative effect
of accounting change, net |
| Share-based plans |
| Depreciation |
| Amortization of
goodwill and intangibles |
| In-process research
and development |
| Customer and commercial
financing valuation provision |
| Gain on dispositions,
net |
| Changes in assets
and liabilities – |
| Short-term
investments |
| Accounts
receivable |
| Inventories,
net of advances and progress billings |
| Accounts
payable and other liabilities |
| Advances
in excess of related costs |
| Income
taxes payable and deferred |
| Deferred
lease income |
| Prepaid
pension expense |
| Goodwill
and other acquired intangibles |
| Accrued
retiree health care |
| Other |
|
|
| |
| $2,827 |
| |
| (1) |
| 378 |
| 1,448 |
| 302 |
| |
| 42 |
| (21) |
| |
| |
| 342 |
| (19) |
| 490 |
| 789 |
| (762) |
| 622 |
| (993) |
| (1,490) |
| 227 |
| (367) |
|
|
| |
| $2,128 |
| |
| |
| 316 |
| 1,317 |
| 162 |
| 557 |
| 13 |
| (34) |
| |
| 100 |
| (1,359) |
| 1,039 |
| 22 |
| 1,387 |
| 726 |
| |
| (374) |
| |
| 280 |
| (338) |
|
|
| |
| $2,309 |
| |
| |
| 209 |
| 1,538 |
| 107 |
| |
| 72 |
| (87) |
| |
| 179 |
| (225) |
| 2,030 |
| 217 |
| (36) |
| 462 |
| |
| (332) |
| |
| 46 |
| (265) |
|
|
|
|
| Net
cash provided by operating activities |
|
|
|
|
|
|
|
|
|
|
| Cash
flows – investing activities: |
| Customer financing and properties
on lease, additions |
| Customer financing and properties
on lease, reductions |
| Property, plant and equipment, net
additions |
| Acquisitions, net of cash acquired |
| Proceeds from dispositions |
|
|
| |
| (5,073) |
| 1,297 |
| (1,068) |
| (22) |
| 152 |
|
|
| |
| (2,571) |
| 1,433 |
| (932) |
| (5,727) |
| 169 |
|
|
| |
| (2,398) |
| 1,842 |
| (1,236) |
| |
| 359 |
|
|
|
|
| Net
cash used by investing activities |
|
|
|
|
|
|
|
|
|
|
| Cash flows –
financing activities: |
| New borrowings |
| Debt repayments |
| Common shares purchased |
| Stock options exercised, other |
| Dividends paid |
|
|
| |
| 4,567 |
| (1,124) |
| (2,417) |
| 79 |
| (582) |
|
|
| |
| 2,687 |
| (620) |
| (2,357) |
| 136 |
| (504) |
|
|
| |
| 437 |
| (676) |
| (2,937) |
| 93 |
| (537) |
|
|
|
|
| Net
cash provided (used) by financing activities |
|
|
|
|
|
|
|
|
|
|
Net increase (decrease)
in cash and cash equivalents
|
| Cash and cash equivalents at beginning of
year |
|
|
|
|
|
|
|
|
|
|
| Cash
and cash equivalents at end of year |
|
|
|
|
|
|
|
|
|
|
| See
notes to consolidated financial statements. |
|
|
|
|
|
