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CONSOLIDATED CASH FLOW STATEMENTS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES      
Net Earnings $ 3,781 $ 2,765 $ 3,331
Adjustments to Reconcile Net Earnings to Net Cash      
Depreciation 1,420 1,383 1,349
Deferred Income Taxes 167 180 273
Gains on Property Dispositions (454) (35) (151)
Other Operating Activities 12 (32) (69)
Changes in Operating Assets and Liabilities:      
Accounts Receivable (141) 83 45
Other Current Assets (25) (75) 68
Accounts Payable 128 (20) 98
Income and Other Taxes Payable 72 39 2
Other Current Liabilities 139 (25) (96)
Net Cash Provided by Operating Activities 5,099 4,263 4,850
INVESTING ACTIVITIES      
Property Additions (1,791) (1,626) (1,657)
Purchases of Short-term Investments (75) (426) (2,838)
Proceeds from Sales of Short-term Investments 5 1,424 2,108
Proceeds and Advances from Property Dispositions 529 56 254
Business Acquisition, Net of Cash Acquired (Note 17) (541) 0 0
Other Investing Activities (4) (77) 31
Net Cash Used in Investing Activities (1,877) (649) (2,102)
FINANCING ACTIVITIES      
Shares Repurchased (2,886) (867) (3,373)
Dividends Paid (839) (797) (763)
Long-term Debt Repaid (426) (745) (518)
Long-term Debt Issued (Note 10) 0 1,000 2,000
Other Financing Activities 39 (34) 6
Net Cash Used in Financing Activities (4,112) (1,443) (2,648)
Net Increase in Cash and Cash Equivalents (890) 2,171 100
CASH AND CASH EQUIVALENTS      
Cash and Cash Equivalents at Beginning of Period 3,129 958 858
Cash and Cash Equivalents at End of Period 2,239 3,129 958
SUPPLEMENTAL CASH FLOW INFORMATION      
Interest Paid - Net of Amounts Capitalized 718 750 717
Income Taxes Paid $ 931 $ 664 $ 691