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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Cash Flows [Abstract]      
Net income (loss) $ (2,444) $ 1,201 $ 660
Depreciation and amortization 2,834 2,894 2,611
Provision (Credit) for deferred income tax (341) 135 (1,222)
Earnings of nonconsolidated affiliates less than (in excess of) dividends received 439 348 387
Net periodic pension benefit cost (95) (210) 548
Pension contributions (209) (121) (142)
Net gain on sales of assets, businesses and investments (220) (65) (70)
Restructuring, goodwill impairment and asset related charges - net 1,856 103 528
Other net loss 440 239 796
Accounts and notes receivable 73 (224) 1,161
Inventories (52) (529) 844
Accounts payable (999) 278 (734)
Other assets and liabilities, net (220) (1,146) (203)
Cash provided by operating activities - continuing operations 1,062 2,903 5,164
Cash provided by (used for) operating activities - discontinued operations (30) 11 32
Cash provided by (used for) operating activities 1,032 2,914 5,196
Capital expenditures (2,479) (2,940) (2,356)
Proceeds from incentives related to capital expenditures 145 0 0
Cash flow hedging related to capital expenditures (40) 0 0
Investment in gas field developments (157) (203) (215)
Purchases of previously leased assets 0 0 (7)
Proceeds from sales of property and businesses, net of cash divested 139 234 95
Acquisitions of property and businesses, net of cash acquired 0 (125) (114)
Investments in and loans to nonconsolidated affiliates (32) (28) (5)
Distributions and loan repayments from nonconsolidated affiliates 0 0 2
Proceeds from Sale of Equity Method Investments 125 0 63
Purchases of investments (881) (1,809) (2,288)
Proceeds from sales and maturities of investments 1,022 2,536 1,958
Other investing activities, net 32 (33) (61)
Cash provided by (used for) investing activities (2,126) (2,368) (2,928)
Changes in short-term notes payable (5) (61) (249)
Proceeds from Short-term Debt, Maturing in More than Three Months 64 143 0
Repayments of Short-term Debt, Maturing in More than Three Months (63) (17) 0
Proceeds from issuance of long-term debt 2,778 1,467 104
Payments on long-term debt (1,461) (267) (446)
Proceeds from (Repayments of) Accounts Receivable Securitization (9) (9) 18
Purchases of treasury stock 0 (494) (625)
Proceeds from issuance of parent company stock 85 166 188
Transaction financing, debt issuance and other costs (137) (14) (2)
Employee taxes paid for share-based payment arrangements (18) (39) (42)
Distributions to noncontrolling interests (173) (77) (89)
Proceeds from Noncontrolling Interests 2,943 0 0
Dividends paid to stockholders (1,490) (1,966) (1,972)
Other financing activities, net (6) 0 0
Cash used for financing activities 2,508 (1,168) (3,115)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 275 (163) (45)
Increase (decrease) in cash, cash equivalents and restricted cash 1,689 (785) (892)
Cash, cash equivalents and restricted cash at beginning of year 2,263 3,048 3,940
Cash, cash equivalents and restricted cash at end of year 3,952 2,263 3,048
Less: Restricted cash and cash equivalents, included in Other current assets 136 74 61
Cash and cash equivalents at end of year $ 3,816 $ 2,189 $ 2,987