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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net income $ 738,000,000 $ 462,000,000 $ 5,917,000,000
(Loss) income from discontinued operations (40,000,000) (71,000,000) 4,856,000,000
Net income from continuing operations 778,000,000 533,000,000 1,061,000,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,194,000,000 1,147,000,000 1,135,000,000
Credit for deferred income tax and other tax related items (163,000,000) (381,000,000) (157,000,000)
Earnings of nonconsolidated affiliates less than dividends received 13,000,000 20,000,000 36,000,000
Net periodic pension benefit (credit) cost (1,000,000) 31,000,000 2,000,000
Periodic benefit plan contributions (51,000,000) (63,000,000) (66,000,000)
Net gain on sales, businesses and investments (20,000,000) (19,000,000) (78,000,000)
Restructuring and asset related charges - net 87,000,000 146,000,000 155,000,000
Stock based compensation 77,000,000 74,000,000 75,000,000
Goodwill impairment charge 0 804,000,000 0
Loss on debt extinguishment 74,000,000 0 0
Interest rate swap loss 138,000,000 0 0
Other net (income) loss (27,000,000) 54,000,000 (59,000,000)
Changes in assets and liabilities, net of effects of acquired and divested companies:      
Accounts and notes receivable (135,000,000) 202,000,000 (79,000,000)
Inventories (7,000,000) 227,000,000 (215,000,000)
Accounts payable 77,000,000 (310,000,000) (138,000,000)
Other assets and liabilities, net 287,000,000 (274,000,000) (423,000,000)
Cash provided by operating activities - continuing operations 2,321,000,000 2,191,000,000 1,249,000,000
Investing Activities      
Capital expenditures (579,000,000) (619,000,000) (662,000,000)
Proceeds from sales of property, businesses, and ownership interests in nonconsolidated affiliates, net of cash divested 8,000,000 1,244,000,000 10,951,000,000
Acquisitions of property and businesses, net of cash acquired (321,000,000) (1,761,000,000) 5,000,000
Purchases of investments 0 (32,000,000) (1,317,000,000)
Proceeds from sales and maturities of investments 0 1,334,000,000 15,000,000
Other investing activities, net 43,000,000 6,000,000 12,000,000
Cash (used for) provided by investing activities - continuing operations (849,000,000) 172,000,000 9,004,000,000
Financing Activities      
Changes in short-term borrowings 0 0 (150,000,000)
Proceeds from credit facility 0 0 600,000,000
Repayment of credit facility 0 0 (600,000,000)
Payments on long-term debt (687,000,000) (300,000,000) (2,500,000,000)
Purchases of common stock and forward contracts (500,000,000) (2,000,000,000) (4,375,000,000)
Proceeds from issuance of Company stock 50,000,000 27,000,000 88,000,000
Employee taxes paid for share-based payment arrangements (27,000,000) (27,000,000) (27,000,000)
Distributions to noncontrolling interests (26,000,000) (37,000,000) (26,000,000)
Dividends paid to stockholders (635,000,000) (651,000,000) (652,000,000)
Payment of excise tax on purchase of treasury stock (21,000,000) 0 0
Other financing activities, net (1,000,000) (1,000,000) (4,000,000)
Cash used for financing activities - continuing operations (1,847,000,000) (2,989,000,000) (7,646,000,000)
Cash Flows from Discontinued Operations      
Cash used for operations - discontinued operations (474,000,000) (273,000,000) (661,000,000)
Cash used for investing activities - discontinued operations 0 (33,000,000) (81,000,000)
Cash used for financing activities - discontinued operations 0 0 (21,000,000)
Cash used in discontinued operations (474,000,000) (306,000,000) (763,000,000)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (62,000,000) (37,000,000) (148,000,000)
(Decrease) increase in cash, cash equivalents and restricted cash (911,000,000) (969,000,000) 1,696,000,000
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation [Abstract]      
Cash, cash equivalents and restricted cash from continuing operations, beginning of period 2,803,000,000 3,772,000,000 2,037,000,000
Cash, cash equivalents and restricted cash from discontinued operations, beginning of period 0 0 39,000,000
Cash, cash equivalents and restricted cash at beginning of period 2,803,000,000 3,772,000,000 2,076,000,000
Cash, cash equivalents and restricted cash from continuing operations, end of period 1,892,000,000 2,803,000,000 3,772,000,000
Cash, cash equivalents and restricted cash from discontinued operations, end of period 0 0 0
Cash, cash equivalents and restricted cash from discontinued operations, end of period 1,892,000,000 2,803,000,000 3,772,000,000
Supplemental cash flow information      
Interest, net of amounts capitalized - from continuing operations 394,000,000 408,000,000 494,000,000
Income taxes, net of refunds - from continuing operations 363,000,000 360,000,000 642,000,000
Interest, net of amounts capitalized - from discontinued operations 0 0 0
Income taxes, net of refunds - from discontinued operations $ (47,000,000) $ 34,000,000 $ 202,000,000