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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net income including noncontrolling interests $ 1,495 $ 948
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations:    
Depreciation and amortization 307 273
ERISA litigation matter 0 267
Restructuring and termination benefits, net of cash 48 (8)
Stock-based compensation expense 43 37
Deferred income taxes (92) (156)
Cash effects of changes in:    
Receivables (309) (112)
Inventories (17) 54
Accounts payable and other accruals 194 153
Other non-current assets and liabilities 2 1
Net cash provided by (used in) operations 1,671 1,457
Investing Activities    
Capital expenditures (243) (347)
Purchases of marketable securities and investments (243) (225)
Proceeds from sale of marketable securities and investments 178 146
Other investing activities 4 (12)
Net cash provided by (used in) investing activities (304) (438)
Financing Activities    
Short-term borrowing (repayment) less than 90 days, net 736 (415)
Principal payments of debt (500) (903)
Proceeds from issuance of debt 2 1,497
Dividends paid (867) (847)
Purchases of treasury shares (989) (551)
Proceeds from exercise of stock options 455 259
Other financing activities (43) 5
Net cash provided by (used in) financing activities (1,206) (955)
Effect of exchange rate changes on Cash and cash equivalents (17) (20)
Net increase (decrease) in Cash and cash equivalents 144 44
Cash and cash equivalents at beginning of the period 966 775
Cash and cash equivalents at end of the period 1,110 819
Supplemental Cash Flow Information    
Income taxes paid 505 450
Interest paid $ 161 $ 129