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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Sep. 30, 2023
Operating activities      
Net earnings $ 132 $ 2,326  
Earnings from discontinued operations, net of tax 0 (2,002)  
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 422 260  
Stock compensation 74 102  
Amortization of acquisition-related inventory step-up 231 0  
Changes in operating working capital (247) (289)  
Other, net (168) (95)  
Cash from continuing operations 444 302  
Cash from discontinued operations (29) 116  
Cash provided by operating activities 415 418  
Investing activities      
Capital expenditures (77) (59)  
Purchases of businesses, net of cash and equivalents acquired (8,339) 0  
Proceeds from subordinated interest 0 15  
Other, net (37) (23)  
Cash from continuing operations (8,453) (67)  
Cash from discontinued operations 1 2,953  
Cash provided by (used in) investing activities (8,452) 2,886  
Financing activities      
Net increase (decrease) in short-term borrowings 2,647 (539)  
Payments of long-term debt 0 (9)  
Dividends paid (300) (306)  
Purchases of common stock (175) (2,000)  
AspenTech purchases of common stock (72) 0  
Other, net (45) (41)  
Cash provided by (used in) financing activities 2,055 (2,895)  
Effect of exchange rate changes on cash and equivalents 7 58  
Increase (decrease) in cash and equivalents (5,975) 467  
Beginning cash and equivalents 8,051 1,804 $ 1,804
Ending cash and equivalents 2,076 2,271 $ 8,051
Changes in operating working capital      
Receivables 94 78  
Inventories (97) (193)  
Other current assets (3) 14  
Accounts payable (89) (58)  
Accrued expenses (152) (130)  
Changes in operating working capital $ (247) $ (289)