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Unaudited Interim Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net earnings (loss) $ 1,133 $ 1,370
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities    
Asset impairments 12 2
Depreciation, amortization and accretion 318 278
Pension and postretirement net periodic benefit cost (63) (102)
Pension and postretirement contributions (34) (36)
Deferred income taxes, net 14 9
(Gain) loss on disposition of businesses and assets, net (6) (7)
Stock-based compensation 47 76
Undistributed earnings in unconsolidated affiliates (56) (48)
Other, net 8 21
Operating cash provided by (used in) discontinued operations (25) 14
Changes in operating assets and liabilities    
Trade receivables - third party and affiliates, net (61) (402)
Inventories (321) (207)
Other assets 26 (150)
Trade payables - third party and affiliates 97 259
Other liabilities 189 96
Net cash provided by (used in) operating activities 1,278 1,173
Investing Activities    
Capital expenditures on property, plant and equipment (400) (304)
Acquisitions, net of cash acquired (14) (15)
Proceeds from sale of businesses and assets, net 16 22
Proceeds from sale of marketable securities 0 500
Other, net (30) (36)
Net cash provided by (used in) investing activities (428) 167
Financing Activities    
Net change in short-term borrowings with maturities of 3 months or less (249) 17
Repayments of short-term borrowings 0 (6)
Proceeds from long-term debt 9,019 991
Repayments of long-term debt (21) (778)
Purchases of treasury stock, including related fees (17) (803)
Common stock dividends (220) (230)
Distributions to noncontrolling interests (10) (21)
Settlement of forward-starting interest rate swaps 0 (72)
Issuance cost of bridge facility (63) 0
Other, net (93) (41)
Net cash provided by (used in) financing activities 8,346 (943)
Exchange rate effects on cash and cash equivalents (61) (12)
Net increase (decrease) in cash and cash equivalents 9,135 385
Cash and cash equivalents as of beginning of period 536 955
Cash and cash equivalents as of end of period $ 9,671 $ 1,340