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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Activities    
Net income including noncontrolling interests $ 414 $ 603
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations:    
Depreciation and amortization 128 138
ERISA litigation matter 267 0
Restructuring and termination benefits, net of cash (7) 81
Stock-based compensation expense 14 29
Deferred income taxes (20) (7)
Cash effects of changes in:    
Receivables (57) (197)
Inventories (24) (215)
Accounts payable and other accruals (2) (28)
Other non-current assets and liabilities 22 (18)
Net cash provided by (used in) operations 735 386
Investing Activities    
Capital expenditures (163) (122)
Purchases of marketable securities and investments (112) (36)
Proceeds from sale of marketable securities and investments 14 14
Other investing activities (3) 3
Net cash provided by (used in) investing activities (264) (141)
Financing Activities    
Repayments of Other Short-Term Debt (927)  
Short-term borrowing (repayment) less than 90 days, net   413
Principal payments of debt (500) 0
Proceeds from issuance of debt 1,495 5
Dividends paid (390) (378)
Purchases of treasury shares (180) (410)
Proceeds from exercise of stock options 122 171
Other financing activities 5 (5)
Net cash provided by (used in) financing activities (375) (204)
Effect of exchange rate changes on Cash and cash equivalents (4) 4
Net increase (decrease) in Cash and cash equivalents 92 45
Cash and cash equivalents at beginning of the period 775 832
Cash and cash equivalents at end of the period 867 877
Supplemental Cash Flow Information    
Income taxes paid $ 171 $ 155