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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities    
Net income including noncontrolling interests $ 2,270 $ 1,695
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations:    
Depreciation and amortization 457 417
ERISA litigation matter 0 267
Restructuring and termination benefits, net of cash 54 (17)
Stock-based compensation expense 108 97
Deferred income taxes (98) (109)
Cash effects of changes in:    
Receivables (184) (62)
Inventories (94) 150
Accounts payable and other accruals 327 168
Other non-current assets and liabilities (2) 3
Net cash provided by (used in) operations 2,838 2,609
Investing Activities    
Capital expenditures (377) (508)
Purchases of marketable securities and investments (358) (324)
Proceeds from sale of marketable securities and investments 260 264
Other investing activities 21 (31)
Net cash provided by (used in) investing activities (454) (599)
Financing Activities    
Short-term borrowing (repayment) less than 90 days, net 337 (564)
Principal payments of debt (502) (903)
Proceeds from issuance of debt 2 1,497
Dividends paid (1,275) (1,243)
Purchases of treasury shares (1,284) (883)
Proceeds from exercise of stock options 611 325
Other financing activities 1 (30)
Net cash provided by (used in) financing activities (2,110) (1,801)
Effect of exchange rate changes on Cash and cash equivalents (6) (33)
Net increase (decrease) in Cash and cash equivalents 268 176
Cash and cash equivalents at beginning of the period 966 775
Cash and cash equivalents at end of the period 1,234 951
Supplemental Cash Flow Information    
Income taxes paid 762 726
Interest paid $ 267 $ 243