Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operations
Net income	$ 333	$ 342
Adjustments to reconcile net income to cash flows from operations:
Depreciation and amortization	199	192
Deferred income taxes	(17)	(6)
Stock compensation	29	22
Net periodic pension benefit and other postretirement costs	20	3
Other	13	14
Changes in balance sheet items:
Accounts receivable, net	(60)	32
Inventories	(83)	(82)
Accounts payable and accrued liabilities	(110)	(335)
Other	(50)	(48)
Cash flows from operations – continuing operations	274	134
Cash flows from operations – discontinued operations	(2)	(6)
Cash flows from operations	272	128
Cash flows from investing activities
Capital expenditures	(172)	(193)
Acquisitions and investments, net of cash acquired	(443)	(109)
Other investing activities, net	11	1
Cash flows from investing activities	(604)	(301)
Cash flows from financing activities
Issuances of debt	1,240	0
Net increases in debt with original maturities of three months or less	0	795
Cash dividends on common stock	(111)	(101)
Proceeds from stock issued under employee benefit plans	66	173
Purchases of treasury stock	0	(597)
Other financing activities, net	(25)	(32)
Cash flows from financing activities	1,170	238
Effect of foreign exchange rate changes on cash and cash equivalents	(63)	(1)
Increase in cash and cash equivalents	775	64
Cash and cash equivalents at beginning of period	3,335	1,838
Cash and cash equivalents at end of period	$ 4,110	$ 1,902