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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows - operating activities    
Net income $ 1,312 $ 1,198
Less: Income (loss) from discontinued operations, net of taxes 0 (4)
Net income from continuing operations 1,312 1,202
Adjustments to reconcile Net income from continuing operations to Cash from (used for) operating activities    
Depreciation of property, plant, and equipment 203 188
Amortization of intangible assets 237 278
Gain on fair value remeasurement of contingent consideration (19) (17)
Net periodic postretirement benefit plan (income) expense (271) (291)
Postretirement plan contributions (257) (259)
Share-based compensation 92 81
Provision for income taxes 435 550
Cash paid during the year for income taxes (375) (375)
Changes in operating assets and liabilities, excluding the effects of acquisitions:    
Receivables 83 (82)
Due from related parties 24 9
Inventories (157) (85)
Contract and other deferred assets (33) (75)
Accounts payable 3 (93)
Due to related parties (72) (87)
Contract liabilities (25) 69
Current compensation and benefits (97) 37
All other operating activities - net (41) 1
Cash from (used for) operating activities – continuing operations 1,042 1,051
Cash flows – investing activities    
Additions to property, plant and equipment and internal-use software (299) (293)
Dispositions of property, plant, and equipment 0 1
Purchases of businesses, net of cash acquired (259) (147)
Purchases of investments (33) (21)
All other investing activities - net (83) (10)
Cash from (used for) investing activities – continuing operations (674) (470)
Cash flows – financing activities    
Net increase (decrease) in borrowings (maturities of 90 days or less) 0 (9)
Newly issued debt, net of debt issuance costs (maturities longer than 90 days) 994 2,020
Repayments and other reductions (maturities longer than 90 days) (162) (9)
Dividends paid to stockholders (41) (28)
Redemption of noncontrolling interests 0 (211)
Net transfers (to) from GE 0 (1,317)
Proceeds from stock issued under employee benefit plans 31 31
Taxes paid related to net share settlement of equity awards (90) (31)
All other financing activities - net (28) (24)
Cash from (used for) financing activities – continuing operations 704 422
Cash from (used for) operating activities – discontinued operations (4) 0
Effect of foreign currency rate changes on cash, cash equivalents, and restricted cash (2) (34)
Increase (decrease) in cash, cash equivalents, and restricted cash 1,066 969
Cash, cash equivalents, and restricted cash at beginning of year 2,506 1,451
Cash, cash equivalents, and restricted cash as of September 30 3,572 2,420
Supplemental disclosure of cash flows information    
Cash paid during the year for interest (339) (318)
Non-cash investing activities    
Acquired but unpaid property, plant, and equipment $ 72 $ 80