XML 26 R8.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Statement of Cash Flows [Abstract]      
Net earnings (loss) $ 1,896 $ 1,992 $ 858
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities      
Asset impairments 2 31 83
Depreciation, amortization and accretion 378 356 356
Pension and postretirement net periodic benefit cost (136) (99) (58)
Pension and postretirement contributions (51) (48) (47)
Actuarial (gain) loss on pension and postretirement plans 41 96 87
Pension curtailments and settlements, net 3 (1) 0
Deferred income taxes, net 13 77 (31)
(Gain) loss on disposition of businesses and assets, net (5) 3 3
Stock-based compensation 95 28 48
Undistributed earnings in unconsolidated affiliates (34) 13 (14)
Gain on Sale of Investments 0 (1,408) 0
Other, net 28 18 18
Operating cash provided by (used in) discontinued operations 15 5 0
Changes in operating assets and liabilities      
Trade receivables - third party and affiliates, net (396) 141 165
Inventories (367) 124 6
Other assets (80) 60 (9)
Trade payables - third party and affiliates 353 (6) (59)
Other liabilities 2 (39) 48
Net cash provided by (used in) operating activities 1,757 1,343 1,454
Investing Activities      
Capital expenditures on property, plant and equipment (467) (364) (370)
Acquisitions, net of cash acquired (1,142) (100) (91)
Proceeds from sale of businesses and assets, net 27 21 1
Proceeds from Sale of Equity Method Investments 0 1,575 0
Proceeds from Sale and Maturity of Marketable Securities 516 43 0
Purchases of marketable securities 0 (544) (16)
Other, net (53) (39) (17)
Net cash provided by (used in) investing activities (1,119) 592 (493)
Financing Activities      
Net change in short-term borrowings with maturities of 3 months or less 206 (287) 247
Proceeds from short-term borrowings 0 311 117
Repayments of short-term borrowings (6) (466) (91)
Proceeds from long-term debt 990 0 499
Repayments of long-term debt (786) (30) (360)
Purchases of treasury stock, including related fees (1,000) (650) (996)
Stock option exercises 0 0 (1)
Common stock dividends (304) (293) (300)
(Distributions to) contributions from noncontrolling interests (27) (29) (10)
Other, net (43) (27) (40)
Net cash provided by (used in) financing activities (1,042) (1,471) (935)
Exchange rate effects on cash and cash equivalents (15) 28 (2)
Net increase (decrease) in cash and cash equivalents (419) 492 24
Cash and cash equivalents as of beginning of period 955 463 439
Cash and cash equivalents as of end of period 536 955 463
Payments for (Proceeds from) Hedge, Financing Activities $ (72) $ 0 $ 0