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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities      
Net income including noncontrolling interests $ 1,967 $ 2,338 $ 2,860
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations:      
Depreciation and amortization 545 556 539
Restructuring and termination benefits, net of cash 49 (21) (71)
Stock-based compensation expense 125 135 107
Gain on the sale of land (47) 0 0
Goodwill and intangible assets impairment charges 721 571 0
Loss on early extinguishment of debt 0 75 23
Deferred income taxes (78) (132) (120)
Cash effects of changes in:      
Receivables (227) (84) 138
Inventories (333) (72) (251)
Accounts payable and other accruals (115) 14 520
Other non-current assets and liabilities (51) (55) (26)
Net cash provided by operations 2,556 3,325 3,719
Investing Activities      
Capital expenditures (696) (567) (410)
Purchases of marketable securities and investments (470) (141) (143)
Proceeds from sale of marketable securities and investments 322 141 124
Payment for acquisitions, net of cash acquired (809) 0 (353)
Proceeds from the sale of land 47 0 0
Other investing activities 5 (25) 3
Net cash used in investing activities (1,601) (592) (779)
Financing Activities      
Short-term borrowing (repayment) less than 90 days, net 540   488
Short-term borrowing (repayment) less than 90 days, net   (171)  
Principal payments on debt [1] (406) (703) (1,085)
Proceeds from issuance of debt 1,513 699 0
Dividends paid (1,691) (1,679) (1,654)
Purchases of treasury shares (1,308) (1,320) (1,476)
Proceeds from exercise of stock options 418 424 874
Purchases of non-controlling interests in subsidiaries 0 0 (99)
Other financing activities (18) (24) 33
Net cash used in financing activities (952) (2,774) (2,919)
Effect of exchange rate changes on Cash and cash equivalents (60) (15) (16)
Net (decrease) increase in Cash and cash equivalents (57) (56) 5
Cash and cash equivalents at beginning of year 832 888 883
Cash and cash equivalents at end of year 775 832 888
Supplemental Cash Flow Information      
Income taxes paid 945 890 845
Interest paid $ 151 $ 194 $ 188
[1] (1) For the years ended December 31, 2022, 2021 and 2020, Principal payments on debt includes cash charges of $0 and $75 and $20, respectively, related to the extinguishment of debt prior to maturity. See Note 6, Long-Term Debt and Credit Facilities for additional information.