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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities:    
Net income $ 1,625 $ 1,743
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 1,052 1,059
Deferred income tax provision (benefit) 67 (114)
Stock compensation cost 111 112
Net periodic pension and other postretirement income (324) (338)
Share-based 401(k) matching contributions 167 82
Gain on sale of business, net of transaction costs (Note 2) 0 (415)
Change in:    
Accounts receivable (372) 431
Contract assets (706) (978)
Inventory (813) (646)
Other current assets (125) (225)
Accounts payable and accrued liabilities 397 (218)
Contract liabilities 373 (54)
Other operating activities, net (147) (97)
Net cash flows provided by operating activities 1,305 342
Investing Activities:    
Capital expenditures (513) (467)
Dispositions of businesses, net of cash transferred 0 1,283
Increase in other intangible assets (104) (163)
Payments from settlements of derivative contracts, net (47) (1)
Other investing activities, net (14) 41
Net cash flows (used in) provided by investing activities (678) 693
Financing Activities:    
Repayment of long-term debt (9) (950)
Change in other short-term borrowings, net 28 (22)
Dividends paid (840) (769)
Repurchase of common stock (50) (56)
Other financing activities, net (185) (210)
Net cash flows used in financing activities (1,056) (2,007)
Effect of foreign exchange rate changes on cash and cash equivalents 16 (8)
Net decrease in cash, cash equivalents, and restricted cash (413) (980)
Cash, cash equivalents, and restricted cash, beginning of period 5,606 6,626
Cash, cash equivalents, and restricted cash, end of period 5,193 5,646
Less: Restricted cash, included in Other assets, current and Other assets 36 39
Cash and cash equivalents, end of period $ 5,157 $ 5,607