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(In millions)			1996		1995		1994
Cash and cash equivalents, beginning of year			$ 1,463		$ 1,180		$ 1,659
Cash flows provided by (used for) operating activities:
Net income			5,157		3,566		2,288
Adjustments to reconcile net income to net cash
		provided by (used for) operating activities:
	Depreciation		1,888		1,371		1,028
	Net loss on retirements of property,
		plant and equipment	120		75		42
	Amortization of debt discount		-		8		19
	Change in deferred tax assets and liabilities		179		346		(150)
	Changes in assets and liabilities:
		(Increase) in accounts receivable	(607)		(1,138)		(530)
		Decrease (increase) in inventories	711		(835)		(331)
		(Increase) in other assets	(7)		(251)		(57)
		Increase in accounts payable	105		289		148
		Tax benefit from employee stock plans	196		116		61
		Purchase of trading assets	(75)		-		-
		(Gain) on trading assets	(12)		-		-
		Increase in income taxes payable	185		372		38
		Increase in accrued compensation and benefits	370		170		44
		Increase (decrease) in other liabilities	533		(73)		337
		Total adjustments	3,586		450		649
Net cash provided by operating activities			8,743		4,016		2,937
Cash flows provided by (used for) investing activities:
	Additions to property, plant and equipment		(3,024)		(3,550)		(2,441)
	Purchases of available-for-sale investments		(4,683)		(685)		(3,168)
	Sales of available-for-sale investments		225		114		10
	Maturities and other changes in available-for-sale
		investments	2,214		1,444		2,740
Net cash (used for) investing activities			(5,268)		(2,677)		(2,859)
Cash flows provided by (used for) financing activities:
	Increase (decrease) in short-term debt, net		43		(179)		(63)
	Additions to long-term debt		317		-		128
	Retirement of long-term debt		-		(4)		(98)
	Proceeds from sales of shares through employee
		stock plans and other	261		192		150
	Proceeds from sales of put warrants		56		85		76
	Repurchase and retirement of Common Stock		(1,302)		(1,034)		(658)
	Payment of dividends to stockholders		(148)		(116)		(92)
Net cash (used for) financing activities			(773)		(1,056)		(557)
Net increase (decrease) in cash
	and cash equivalents		2,702		283		(479)
Cash and cash equivalents, end of year			$ 4,165		$ 1,463		$ 1,180
Supplemental disclosures of cash flow information:
Cash paid during the year for:
	Interest		$ 51		$ 182		$ 76
	Income taxes		$ 2,217		$ 1,209		$ 1,366
Cash paid for interest in 1995 includes approximately $108 million of accumulated interest on Zero Coupon Notes that matured in 1995. Certain 1995 and 1994 amounts have been reclassified to conform to the 1996 presentation. See accompanying notes.

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