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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net earnings $ 592 $ 323
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation 96 92
Amortization of intangible assets 161 150
Asset impairments 2 0
Share-based compensation 74 71
Recall charges, net 0 14
Sale of inventory stepped-up to fair value at acquisition 0 5
Changes in operating assets and liabilities:    
Accounts receivable 365 53
Inventories (314) (229)
Accounts payable (56) (52)
Accrued expenses and other liabilities (405) (348)
Recall-related payments (14) (9)
Income taxes 23 (3)
Other, net (79) 136
Net cash provided by operating activities 445 203
Investing activities    
Acquisitions, net of cash acquired 0 (2,563)
Purchases of marketable securities (28) (9)
Proceeds from sales of marketable securities 25 11
Purchases of property, plant and equipment (130) (119)
Other investing, net 1 (2)
Net cash used in investing activities (132) (2,682)
Financing activities    
Proceeds (payments) on short-term borrowings, net (2) (170)
Proceeds from issuance of long-term debt 0 1,500
Payments on long-term debt (100) 0
Payments of dividends (284) (262)
Cash paid for taxes from withheld shares (94) (72)
Other financing, net (1) (3)
Net cash provided by (used in) financing activities (481) 993
Effect of exchange rate changes on cash and cash equivalents (5) 0
Change in cash and cash equivalents (173) (1,486)
Cash and cash equivalents at beginning of period 1,844 2,944
Cash and cash equivalents at end of period $ 1,671 $ 1,458