Consolidated Statement of Cash Flow for the Years Ended December 31 - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flow from operating activities:
Profit of consolidated and affiliated companies	$ 10,788	$ 10,332	$ 6,704
Adjustments to reconcile profit to net cash provided by operating activities:
Depreciation and amortization	2,153	2,144	2,219
Actuarial (gain) loss on pension and postretirement benefits	(154)	(97)	(606)
Provision (benefit) for deferred income taxes	(621)	(592)	(377)
(Gain) loss on divestiture	164	572	0
Goodwill impairment charge	0	0	925
Other	564	375	701
Changes in assets and liabilities, net of acquisitions and divestitures:
Receivables – trade and other	(160)	(437)	(220)
Inventories	(414)	(364)	(2,589)
Accounts payable	(282)	(754)	798
Accrued expenses	191	796	317
Accrued wages, salaries and employee benefits	(363)	486	90
Customer advances	370	80	768
Other assets – net	(97)	(95)	(210)
Other liabilities – net	(104)	439	(754)
Net cash provided by (used for) operating activities	12,035	12,885	7,766
Cash flow from investing activities:
Capital expenditures – excluding equipment leased to others	(1,988)	(1,597)	(1,296)
Expenditures for equipment leased to others	(1,227)	(1,495)	(1,303)
Proceeds from disposals of leased assets and property, plant and equipment	722	781	830
Additions to finance receivables	(15,409)	(15,161)	(13,239)
Collections of finance receivables	13,608	14,034	13,177
Proceeds from sale of finance receivables	83	63	57
Investments and acquisitions (net of cash acquired)	(34)	(75)	(88)
Proceeds from sale of businesses and investments (net of cash sold)	(61)	(4)	1
Proceeds from maturities and sale of securities	3,155	1,891	2,383
Investments in securities	(1,495)	(4,405)	(3,077)
Other – net	193	97	14
Net cash provided by (used for) investing activities	(2,453)	(5,871)	(2,541)
Cash flow from financing activities:
Dividends paid	(2,646)	(2,563)	(2,440)
Common stock issued, including treasury shares reissued	20	12	51
Payments to purchase common stock	(7,697)	(4,975)	(4,230)
Excise tax paid on purchases of common stock	(40)	0	0
Short-term borrowings – net (original maturities three months or less)	(168)	(1,345)	402
Other – net	(1)	0	(10)
Net cash provided by (used for) financing activities	(9,565)	(6,932)	(7,281)
Effect of exchange rate changes on cash	(106)	(110)	(194)
Increase (decrease) in cash, cash equivalents and restricted cash	(89)	(28)	(2,250)
Cash, cash equivalents and restricted cash at beginning of period	6,985	7,013	9,263
Cash, cash equivalents and restricted cash at end of period	6,896	6,985	7,013
Machinery, Energy & Transportation
Cash flow from financing activities:
Payments on debt (original maturities greater than three months):	(1,032)	(106)	(25)
Financial Products
Cash flow from financing activities:
Proceeds from debt issued (original maturities greater than three months):	10,283	8,257	6,674
Payments on debt (original maturities greater than three months):	$ (8,284)	$ (6,212)	$ (7,703)