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Statement of Consolidated Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities    
Net income $ 580 $ 344
Adjustments to reconcile net income to cash provided from operations:    
Depreciation and amortization 74 69
Deferred income taxes 15 18
Restructuring and other credits (93) (4)
Net realized and unrealized losses 4 5
Net periodic pension cost (F) 11 10
Stock-based compensation 21 14
Other 3 3
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:    
Increase in receivables (K) (164) (189)
Increase in inventories (L) (110) (49)
(Increase) decrease in prepaid expenses and other current assets (12) 24
Increase in accounts payable, trade 220 58
Decrease in accrued expenses (100) (91)
Increase in taxes, including income taxes 26 60
Increase in noncurrent assets (5) (1)
Decrease in noncurrent liabilities (17) (18)
Cash provided from operations 453 253
Financing Activities    
Net change in commercial paper (O) 450 0
Additions to debt (O) 1,200 0
Repurchases and payments on debt (O) 0 (1)
Debt issuance costs (O) (12) 0
Repurchases of common stock (300) (125)
Dividends paid to shareholders (48) (42)
Taxes paid for net share settlement of equity awards (64) 0
Other 0 1
Cash provided from (used for) financing activities 1,226 (167)
Investing Activities    
Capital expenditures (D) (94) (119)
Acquisitions, net of cash acquired (C) (118) 0
Proceeds from the sale of assets and businesses (C) 225 5
Sale of investments 2 0
Other (1) (1)
Cash provided from (used for) investing activities 14 (115)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 0 1
Net change in cash, cash equivalents and restricted cash 1,693 (28)
Cash, cash equivalents and restricted cash at beginning of period 743 565
Cash, cash equivalents and restricted cash at end of period $ 2,436 $ 537