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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of Cash Flows [Abstract]      
Net earnings (loss) $ 1,902 $ 1,896 $ 1,992
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities      
Asset impairments 14 2 31
Depreciation, amortization and accretion 478 378 356
Pension and postretirement net periodic benefit cost (85) (136) (99)
Pension and postretirement contributions (48) (51) (48)
Actuarial (gain) loss on pension and postretirement plans 81 41 96
Pension curtailments and settlements, net 0 3 (1)
Deferred income taxes, net (835) 13 77
(Gain) loss on disposition of businesses and assets, net (8) (5) 3
Stock-based compensation 60 95 28
Undistributed earnings in unconsolidated affiliates (3) (34) 13
Gain on Sale of Investments 0 0 (1,408)
Other, net 11 28 18
Operating cash provided by (used in) discontinued operations (28) 15 5
Changes in operating assets and liabilities      
Trade receivables - third party and affiliates, net 218 (396) 141
Inventories (253) (367) 124
Other assets (13) (80) 60
Trade payables - third party and affiliates (84) 353 (6)
Other liabilities 412 2 (39)
Net cash provided by (used in) operating activities 1,819 1,757 1,343
Investing Activities      
Capital expenditures on property, plant and equipment (543) (467) (364)
Acquisitions, net of cash acquired (10,589) (1,142) (100)
Proceeds from sale of businesses and assets, net 48 27 21
Proceeds from sale of investments in affiliates 0 0 1,575
Proceeds from sale of marketable securities 0 516 43
Purchases of marketable securities 0 0 (544)
Other, net (57) (53) (39)
Net cash provided by (used in) investing activities (11,141) (1,119) 592
Financing Activities      
Net change in short-term borrowings with maturities of 3 months or less 36 206 (287)
Proceeds from short-term borrowings 500 0 311
Repayments of short-term borrowings 0 (6) (466)
Proceeds from long-term debt 10,769 990 0
Repayments of long-term debt (526) (786) (30)
Purchases of treasury stock, including related fees (17) (1,000) (650)
Common stock dividends (297) (304) (293)
(Distributions to) contributions from noncontrolling interests (13) (27) (29)
Settlement of forward-starting interest rate swaps 0 (72) 0
Issuance cost of bridge facility (63) 0 0
Other, net (99) (43) (27)
Net cash provided by (used in) financing activities 10,290 (1,042) (1,471)
Exchange rate effects on cash and cash equivalents 4 (15) 28
Net increase (decrease) in cash and cash equivalents 972 (419) 492
Cash and cash equivalents as of beginning of period 536 955 463
Cash and cash equivalents as of end of period $ 1,508 $ 536 $ 955