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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income including noncontrolling interests $ 1,242 $ 1,469
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations:    
Depreciation and amortization 276 274
Restructuring and termination benefits, net of cash 73 (15)
Stock-based compensation expense 45 58
Deferred income taxes (16) (65)
Cash effects of changes in:    
Receivables (191) (188)
Inventories (332) (39)
Accounts payable and other accruals (167) (254)
Other non-current assets and liabilities (16) (15)
Net cash provided by (used in) operations 914 1,225
Investing Activities    
Capital expenditures (300) (237)
Purchases of marketable securities and investments (126) (80)
Proceeds from sale of marketable securities and investments 35 46
Payment for acquisition, net of cash acquired (90) 0
Other investing activities (1) (18)
Net cash provided by (used in) investing activities (482) (289)
Financing Activities    
Short-term borrowing (repayment) less than 90 days, net 988 451
Proceeds from issuance of debt 14 25
Dividends paid (814) (796)
Purchases of treasury shares (791) (713)
Proceeds from exercise of stock options 236 151
Other financing activities (18) (2)
Net cash provided by (used in) financing activities (385) (884)
Effect of exchange rate changes on Cash and cash equivalents (21) (3)
Net increase (decrease) in Cash and cash equivalents 26 49
Cash and cash equivalents at beginning of the period 832 888
Cash and cash equivalents at end of the period 858 937
Supplemental Cash Flow Information    
Income taxes paid $ 477 $ 542