XML 38 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income (loss) $ 2,822 $ 2,833 $ 1,906
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:      
Depreciation and amortization 1,106 1,250 1,262
Share-based compensation 411 364 353
Amortization of discount (premium) on debt, net 2 2 1
Amortization of debt issuance costs 8 7 7
Net (gain) loss on sale of assets (1) 0 (1)
(Gain) loss on extinguishment of debt 0 18 22
Results relating to equity-accounted investees 7 1 2
(Gain) loss on equity securities, net (1) 4 2
Deferred tax expense (benefit) (267) (236) (20)
Changes in operating assets and liabilities:      
(Increase) decrease in receivables and other current assets (138) (106) (176)
(Increase) decrease in inventories (353) (593) (159)
Increase (decrease) in accounts payable and accrued liabilities (119) 633 248
Decrease (increase) in other non-current assets 16 (306) (350)
Exchange differences 22 17 (5)
Other items (2) 7 (15)
Net cash provided by (used for) operating activities 3,513 3,895 3,077
Cash flows from investing activities:      
Purchase of identified intangible assets (179) (159) (132)
Capital expenditures on property, plant and equipment (827) (1,063) (767)
Purchase of equipment leased to others 0 (5) (33)
Insurance recoveries received for equipment damage 0 0 10
Proceeds from disposals of property, plant and equipment 1 2 1
Purchase of interests in businesses, net of cash acquired 0 (27) (23)
Investment in short-term deposits (409) 0 0
Purchase of investments (94) (20) (8)
Proceeds from the sale of investments 0 13 8
Proceeds from return of equity investments 0 10 10
Net cash provided by (used for) investing activities (1,508) (1,249) (934)
Cash flows from financing activities:      
Repurchase of long-term debt 0 (917) (1,021)
Proceeds from the issuance of long-term debt 0 1,496 4,000
Cash paid for debt issuance costs 0 (14) (47)
Dividends paid to common stockholders (1,006) (815) (562)
Proceeds from issuance of common stock through stock plans 71 59 62
Purchase of treasury shares and restricted stock unit withholdings (1,053) (1,426) (4,015)
Other, net (2) (2) (2)
Net cash provided by (used for) financing activities (1,990) (1,619) (1,585)
Effect of changes in exchange rates on cash positions 2 (12) (3)
Increase (decrease) in cash and cash equivalents 17 1,015 555
Cash and cash equivalents at beginning of period 3,845 2,830 2,275
Cash and cash equivalents at end of period 3,862 3,845 2,830
Net cash paid during the period for:      
Interest 261 323 356
Income taxes, net of refunds 919 558 353
Cash proceeds from the sale of assets 1 2 1
Book value of these assets 0 (2) 0
Non-cash capital expenditures $ 266 $ 232 $ 243