Item 6. Selected Financial Data.

| --- | --- |

	For Years Ended December 31,
(Millions of dollars, except share and per-share amounts)	2017			2016			2015			2014			2013
Cash flow data:
Cash flows from operating activities	$	5,363		$	4,614		$	4,397		$	4,054		$	3,514
Capital expenditures		695			531			551			385			412
Free cash flow (a)		4,668			4,083			3,846			3,669			3,102
Dividends paid		2,104			1,646			1,444			1,323			1,175
Stock repurchases		2,556			2,132			2,741			2,831			2,868

Income statement data:
Revenue by segment:
Analog		9,900			8,536			8,339			8,104			7,194
Embedded Processing		3,498			3,023			2,787			2,740			2,450
Other		1,563			1,811			1,874			2,201			2,561
Revenue		14,961			13,370			13,000			13,045			12,205

Gross profit (b)		9,614			8,257			7,575			7,447			6,400
Operating expenses (R&D and SG&A) (b)		3,202			3,098			2,995			3,164			3,329
Acquisition charges		318			319			329			330			341
Restructuring charges/other (b)		11			(15	)		(71	)		(50	)		(192	)
Operating profit (b)		6,083			4,855			4,322			4,003			2,922

Net income	$	3,682		$	3,595		$	2,986		$	2,821		$	2,162

As a result of accounting rule ASC 260, which requires a portion of Net income to be allocated to unvested restricted stock units (RSUs) on which we pay dividend equivalents, diluted earnings per share (EPS) is calculated using the following:

Net income	$	3,682		$	3,595		$	2,986		$	2,821		$	2,162
Income allocated to RSUs		(33	)		(44	)		(42	)		(43	)		(36	)
Income allocated to common shares for diluted EPS	$	3,649		$	3,551		$	2,944		$	2,778		$	2,126

Average diluted shares outstanding, in millions		1,012			1,021			1,043			1,080			1,113
Diluted EPS	$	3.61		$	3.48		$	2.82		$	2.57		$	1.91
Cash dividends declared per common share	$	2.12		$	1.64		$	1.40		$	1.24		$	1.07

(a)	Free cash flow is a non-GAAP measure derived by subtracting Capital expenditures from Cash flows from operating activities.

(b)	Prior periods reclassified to conform to the 2017 presentation, having adopted ASU 2017-07. See Note 2 to the financial statements.

	December 31,
(Millions of dollars, except Other data items)	2017		2016		2015		2014		2013
Balance sheet data:
Cash, cash equivalents and short-term investments	$	4,469	$	3,490	$	3,218	$	3,541	$	3,829
Total assets		17,642		16,431		16,230		17,372		18,554
Current portion of long-term debt		500		631		1,000		1,001		1,000
Long-term debt		3,577		2,978		3,120		3,630		4,145

Other data - Number of:
Employees		29,714		29,865		29,977		31,003		32,209
Stockholders of record		14,260		14,910		15,563		16,361		17,213

See Management’s Discussion and Analysis of Financial Condition and Results of Operations and Financial Statements and Supplementary Data.