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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows - operating activities    
Net income $ 823 $ 816
Adjustments to reconcile Net income to Cash from (used for) operating activities    
Depreciation of property, plant, and equipment 137 124
Amortization of intangible assets 160 189
Gain on fair value remeasurement of contingent consideration (10) (3)
Net periodic postretirement benefit plan (income) expense (180) (207)
Postretirement plan contributions (170) (180)
Share-based compensation 70 52
Provision for income taxes 267 300
Cash paid during the year for income taxes (287) (271)
Changes in operating assets and liabilities, excluding the effects of acquisitions:    
Receivables 112 (32)
Due from related parties 19 10
Inventories (116) (172)
Contract and other deferred assets 12 (64)
Accounts payable (41) (40)
Due to related parties (57) (11)
Contract liabilities (20) 111
Current compensation and benefits (266) (114)
All other operating activities - net (155) (107)
Cash from (used for) operating activities 300 401
Cash flows – investing activities    
Additions to property, plant and equipment and internal-use software (209) (213)
Dispositions of property, plant, and equipment 0 1
Purchases of businesses, net of cash acquired (259) (147)
All other investing activities - net (69) 9
Cash from (used for) investing activities (537) (350)
Cash flows – financing activities    
Net increase (decrease) in borrowings (maturities of 90 days or less) 0 (12)
Newly issued debt, net of debt issuance costs (maturities longer than 90 days) 1 2,000
Repayments and other reductions (maturities longer than 90 days) (156) (6)
Dividends paid to stockholders (28) (14)
Redemption of noncontrolling interests 0 (211)
Net transfers (to) from GE 0 (1,317)
All other financing activities - net (27) 6
Cash from (used for) financing activities (210) 446
Effect of foreign currency rate changes on cash, cash equivalents, and restricted cash (41) (3)
Increase (decrease) in cash, cash equivalents, and restricted cash (488) 494
Cash, cash equivalents, and restricted cash at beginning of year 2,506 1,451
Cash, cash equivalents, and restricted cash as of June 30 2,018 1,945
Supplemental disclosure of cash flows information    
Cash paid during the year for interest (274) (250)
Non-cash investing activities    
Acquired but unpaid property, plant, and equipment $ 76 $ 70