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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net income including noncontrolling interests $ 948 $ 1,242
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations:    
Depreciation and amortization 273 276
ERISA litigation matter 267 0
Restructuring and termination benefits, net of cash (8) 73
Stock-based compensation expense 37 45
Deferred income taxes (156) (16)
Cash effects of changes in:    
Receivables (112) (191)
Inventories 54 (332)
Accounts payable and other accruals 153 (167)
Other non-current assets and liabilities 1 (16)
Net cash provided by (used in) operations 1,457 914
Investing Activities    
Capital expenditures (347) (300)
Purchases of marketable securities and investments (225) (126)
Proceeds from sale of marketable securities and investments 146 35
Payment for acquisitions, net of cash acquired 0 (90)
Other investing activities (12) (1)
Net cash provided by (used in) investing activities (438) (482)
Financing Activities    
Short-term borrowing (repayment) less than 90 days, net (415) 988
Principal payments of debt (903) 0
Proceeds from issuance of debt 1,497 14
Dividends paid (847) (814)
Purchases of treasury shares (551) (791)
Proceeds from exercise of stock options 259 236
Other financing activities 5 (18)
Net cash provided by (used in) financing activities (955) (385)
Effect of exchange rate changes on Cash and cash equivalents (20) (21)
Net increase (decrease) in Cash and cash equivalents 44 26
Cash and cash equivalents at beginning of the period 775 832
Cash and cash equivalents at end of the period 819 858
Supplemental Cash Flow Information    
Income taxes paid 450 477
Interest paid $ 129 $ 65