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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net income including noncontrolling interests $ 603 $ 728
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations:    
Depreciation and amortization 138 137
Restructuring and termination benefits, net of cash 81 (13)
Stock-based compensation expense 29 38
Deferred income taxes (7) 6
Cash effects of changes in:    
Receivables (197) (170)
Inventories (215) (40)
Accounts payable and other accruals (28) (75)
Other non-current assets and liabilities (18) (13)
Net cash provided by (used in) operations 386 598
Investing Activities    
Capital expenditures (122) (107)
Purchases of marketable securities and investments (36) (29)
Proceeds from sale of marketable securities and investments 14 0
Other investing activities 3 (6)
Net cash provided by (used in) investing activities (141) (142)
Financing Activities    
Short-term borrowing (repayment) less than 90 days, net 413 365
Proceeds from issuance of debt 5 25
Dividends paid (378) (376)
Purchases of treasury shares (410) (372)
Proceeds from exercise of stock options 171 30
Other financing activities (5) (6)
Net cash provided by (used in) financing activities (204) (334)
Effect of exchange rate changes on Cash and cash equivalents 4 (15)
Net increase (decrease) in Cash and cash equivalents 45 107
Cash and cash equivalents at beginning of the period 832 888
Cash and cash equivalents at end of the period 877 995
Supplemental Cash Flow Information    
Income taxes paid $ 155 $ 227