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Condensed Consolidated Statements of Cash Flows
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
USD ($)
Sep. 30, 2021
USD ($)
Sep. 30, 2020
USD ($)
Operating Activities      
Net income $ 1,673 $ 4,812 $ 3,969
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation 553 1,652 1,653
Deferred and other income taxes   189 327
Other operating activities, net   (67) 119
Changes in current assets and liabilities:      
Accounts receivable, net   (174) 30
Materials and supplies   (26) 102
Other current assets   19 (7)
Accounts payable and other current liabilities   (4) (215)
Income and other taxes   102 15
Cash provided by operating activities   6,503 5,993
Investing Activities      
Capital investments   (1,945) (2,294)
Proceeds from asset sales   120 119
Maturities of short-term investments (Note 13)   64 106
Purchases of short-term investments (Note 13)   (40) (106)
Other investing activities, net   9 94
Cash used in investing activities   (1,792) (2,081)
Financing Activities      
Share repurchase programs (Note 16)   (5,846) (2,956)
Debt issued (Note 14)   3,901 4,004
Dividends paid   (2,045) (1,974)
Debt repaid   (1,120) (832)
Debt exchange   (270) (327)
Net issued/(repaid) commercial paper (Note 14)   125 (2)
Other financing activities, net   (36) (63)
Cash used in financing activities   (5,291) (2,150)
Net change in cash, cash equivalents, and restricted cash   (580) 1,762
Cash, cash equivalents, restricted cash, beginning balance   1,818 856
Cash, cash equivalents, restricted cash, ending balance 1,238 1,238 2,618
Non-cash investing and financing activities:      
Capital investments accrued but not yet paid   151 152
Common shares repurchased but not yet paid 80 80  
Cash (paid for)/received from:      
Income taxes, net of refunds   (1,241) (925)
Interest, net of amounts capitalized   (904) (911)
Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Statement of Financial Position      
Cash and cash equivalents, at carry value 1,194 1,194 2,601
Cash, cash equivalents, restricted cash, ending balance 1,238 1,238 2,618
Other Current Assets [Member]      
Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Statement of Financial Position      
Restricted Cash and Cash Equivalents 32 32 5
Other Noncurrent Assets [Member]      
Reconciliation of cash, cash equivalents, and restricted cash to the Condensed Consolidated Statement of Financial Position      
Restricted Cash and Cash Equivalents $ 12 $ 12 $ 12