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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net income including noncontrolling interests $ 726 $ 729
Adjustments to reconcile net income including noncontrolling interests to net cash provided by operations:    
Depreciation and amortization 148 150
ERISA litigation matter 65 0
Restructuring and termination benefits, net of cash (7) 30
Stock-based compensation expense 23 19
Deferred income taxes (24) 12
Cash effects of changes in:    
Receivables (174) (252)
Inventories (86) 11
Accounts payable and other accruals (57) 8
Other non-current assets and liabilities (14) (26)
Net cash provided by (used in) operations 600 681
Investing Activities    
Capital expenditures (124) (126)
Purchases of marketable securities and investments (134) (139)
Proceeds from sale of marketable securities and investments 97 78
Other investing activities 2 (6)
Net cash provided by (used in) investing activities (159) (193)
Financing Activities    
Short-term borrowing (repayment) less than 90 days, net 164 728
Principal payments of debt (4) (500)
Proceeds from issuance of debt 0 1
Dividends paid (406) (394)
Purchases of treasury shares (284) (509)
Proceeds from exercise of stock options 40 336
Other financing activities 32 (23)
Net cash provided by (used in) financing activities (458) (361)
Effect of exchange rate changes on Cash and cash equivalents 33 (14)
Net increase (decrease) in Cash and cash equivalents 16 113
Cash and cash equivalents at beginning of the period 1,096 966
Cash and cash equivalents at end of the period 1,112 1,079
Supplemental Cash Flow Information    
Income taxes paid 139 150
Interest paid $ 109 $ 123