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CONSOLIDATED CASH FLOW STATEMENTS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES      
Net Earnings $ 2,765 $ 3,331 [1] $ 3,309 [1]
Adjustments to Reconcile Net Earnings to Net Cash      
Depreciation 1,383 1,349 [1] 1,331 [1]
Deferred Income Taxes 180 273 279
Gains on Property Dispositions (35) (151) (154)
Cash Payments for Restructuring Charge 0 0 (15)
Other Operating Activities (32) (69) (117)
Changes in Operating Assets and Liabilities:      
Accounts Receivable 83 45 (46)
Other Current Assets (75) 68 101
Accounts Payable (20) 98 104
Income and Other Taxes Payable 39 2 (104)
Other Current Liabilities (25) (96) (47)
Net Cash Provided by Operating Activities 4,263 4,850 4,641
INVESTING ACTIVITIES      
Property Additions (1,626) (1,657) (1,745)
Purchases of Short-term Investments (426) (2,838) (736)
Proceeds from Sales of Short-term Investments 1,424 2,108 505
Proceeds from Property Dispositions 56 254 319
Other Investing Activities (77) 31 (27)
Net Cash Used in Investing Activities (649) (2,102) (1,684)
FINANCING ACTIVITIES      
Long-term Debt Issued (Note 10) 1,000 2,000 3,000
Long-term Debt Repaid (Note 10) (745) (518) (19)
Dividends Paid (797) (763) (751)
Shares Repurchased (867) (3,373) (4,671)
Other Financing Activities (34) 6 (59)
Net Cash Used in Financing Activities (1,443) (2,648) (2,500)
Net Increase in Cash and Cash Equivalents 2,171 100 457
CASH AND CASH EQUIVALENTS      
Cash and Cash Equivalents at Beginning of Period 958 858 401
Cash and Cash Equivalents at End of Period 3,129 958 858
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest Paid - Net of Amounts Capitalized 750 717 614
Income Taxes Paid $ 664 $ 691 $ 814
[1] Certain prior year data has been reclassified to conform to the current presentation.