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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating Activities    
Net income including noncontrolling interests $ 1,924 $ 2,150
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations:    
Depreciation and amortization 410 414
Restructuring and termination benefits, net of cash 51 (19)
Stock-based compensation expense 105 107
Gain on the sale of land (47) 0
Forward starting swap settlement 82 0
Loss on early extinguishment of debt 0 75
Deferred income taxes (13) (146)
Cash effects of changes in:    
Receivables (171) (198)
Inventories (422) (37)
Accounts payable and other accruals 9 (107)
Other non-current assets and liabilities (45) (20)
Net cash provided by (used in) operations 1,883 2,219
Investing Activities    
Capital expenditures (475) (374)
Purchases of marketable securities and investments (239) (118)
Proceeds from sale of marketable securities and investments 55 55
Payment for acquisitions, net of cash acquired (817) 0
Proceeds from the sale of land 47 0
Other investing activities 1 (25)
Net cash provided by (used in) investing activities (1,428) (462)
Financing Activities    
Short-term borrowing (repayment) less than 90 days, net (56) 205
Principal payments of debt (2) (118)
Proceeds from issuance of debt 1,513 119
Dividends paid (1,206) (1,183)
Purchases of treasury shares (895) (964)
Proceeds from exercise of stock options 398 282
Other financing activities (38) (9)
Net cash provided by (used in) financing activities (286) (1,668)
Effect of exchange rate changes on Cash and cash equivalents (63) (19)
Net increase (decrease) in Cash and cash equivalents 106 70
Cash and cash equivalents at beginning of the period 832 888
Cash and cash equivalents at end of the period 938 958
Supplemental Cash Flow Information    
Income taxes paid $ 690 $ 742